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OpenWay has successfully tested its digital payment platform WAY4 in Oracle Cloud. Financial institutions can now use this solution to drive payment innovations of any scale and optimise their operating... more
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Royal Bank of Scotland (RBS) is launching a merchant acquiring service, NatWest Tyl, for small to medium-sized businesses (SMBs), heading back into the payments business, putting it in direct competition... more
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HP has announced a new all-in-one POS system partnership, expanding its SMB offerings, with PayPal to utilise its payment processing services. The company has not targeted the SMB market in the... more
TSYS says it will buy payment processing firm Cayan for $1.05 billion in cash to expand its offerings to small and mid-sized US businesses. The deal is expected to modestly benefit TSYS’s net revenue growth and adjusted earnings per share in the first full year post closing, the payment processor said. TSYS expects to realize [...]
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Atlanta-based law firm Webb, Klase & Lemond, LLC has filed two class action lawsuits against payment processing giants EVO Payments International and EVO Merchant Services (collectively, “EVO”) alleging they maintain a policy of overbilling merchants. EVO is the world’s largest privately owned payment processor, with over 500,000 merchant customers. The suits allege that EVO represents [...]
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