Card Processor news and trends

Worldline and ING Expand Card Partnership
Credit Cards // January 30, 2023

Worldline has announced an extended card issuing and processing arrangement with ING. The French multinational payment company said in a Monday (Jan. 30) press release that it has signed a new multiyear contract to provide debit and credit card issuing and processing services for the...

Square Warns Glitch May Prevent Transfers To Biz Bank Accounts
B2B Payments // October 01, 2019

Payments technology company Square has acknowledged a technical glitch that prevented one small business in Toronto, Canada, from receiving funds in its bank account — and warns that it might not necessarily be a “one-off” case. Reports in CBC News on Monday (Sept. 30) said...

US Bank Looking To Sell Its Payment Unit, Elan
Partnerships / Acquisitions // August 09, 2018

U.S. Bank is reportedly looking to sell Elan, its card processing business, reported Fintech Futures. According to the report, Finastra, FIS and Fiserv are in the running to acquire the unit from U.S. Bank. Elan processes credit cards for 1,800 banks in the U.S., providing...

Interviews & Exclusives
ISOs Use Data and Service to Reframe Business Model and Merchant Value

March 22, 2023
Charles Zhu, vice president of product at Enigma, told PYMNTS that the pressure is on independent sales organizations (ISO) to reinvent themselves. And in doing so, they won’t just survive amid the great digital shift and growing competition from platforms and Big Tech. They can thrive. A bit of background is in order: ISOs sell […]

Quick Reads
Worldline and ING Expand Card Partnership

January 30, 2023
Worldline has announced an extended card issuing and processing arrangement with ING. The French multinational payment company said in a Monday (Jan. 30) press release that it has signed a new multiyear contract to provide debit and credit card issuing and processing services for the Dutch bank across multiple countries. Commenting on the deal, Alessandro […]

US Bank Looking To Sell Its Payment Unit, Elan

August 09, 2018
U.S. Bank is reportedly looking to sell Elan, its card processing business, reported Fintech Futures. According to the report, Finastra, FIS and Fiserv are in the running to acquire the...