Sat.Jul 27, 2019 - Fri.Aug 02, 2019

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FIS Closes Acquisition Of Worldpay

PYMNTS

In a move that enhances its global technology position serving merchants, banks and capital markets, FIS closed its acquisition of global payments firm Worldpay, Inc. I couldn’t be more optimistic about the future of this company and the innovations and advancements we can bring to advance the way the world pays, banks and invests.”.

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Amex To Acquire Digital Payments Automation Firm

PYMNTS

“Enabled by our integrated network of buyers and suppliers and a growing suite of partnerships and capabilities, American Express can provide digital payment tools and working capital that make it easy to pay suppliers anywhere in the world.

Payments 191
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Big Merger, Big Hacking And Need For Big App Dominates Week’s News

PYMNTS

Hacker Arrested in Capital One Breach Affecting 100M+. Thompson formerly worked for Amazon Web Services, which hosted the Capital One database that was breached. With their joint venture set to end next year, First Data and Bank of America said they will pursue independent merchant services strategies starting in June 2020.

Apple 115
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Amex acquires Acompay to bolster lending business

Bank Innovation

American Express acquired business-to-business payment company Acompay this week, allowing the company to automate the accounts payable process for business customers. The acquisition comes at a time when large institutions are looking to grow their business clientele through new underwriting tools and other technology.

Lending 170
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How Joe Coffee Brings Mobile Order-Ahead To Independent Coffee Shops

PYMNTS

This strategy has paid off for Joe Coffee, which has experienced just one fraudulent charge since its 2014 launch. Joe Coffee initially relied on a password-based system, with the usual rigmarole of capital letters, lowercase letters, digits and special characters. This lesson was hard-earned, however.

Mobile 116