At least one ratings agency has approved a move by private equity firm KKR & Co. and other investors to inject another $300 million into First Data Corp., a major payments processing firm used by both credit unions and banks.
Fitch gives "modest positive" to KKR move to retire most of $2 billion in 11.5% debt from 2007 private equity takeover.
Vantiv research finds growing interest in mobile payments and reloadable cards, swooning interest in NFC.
Payments processing market underserved in smaller-business segment, Aite Group finds.
As consumers head to the malls and shopping strips this holiday season, more than half are expected to use cash or debit cards and only one out of three shoppers will break out credit cards to buy gifts, so reports an online survey of Litle & Co., a Lowell-Mass.-based payments...
Scant interest found for mobile payments.
A Web-based mailroom item processing solution has been added to the Check 21 product lineup at Bluepoint Solutions, the company said.
Bluepoint Solutions has added a mailroom image capture solution to its lineup of Check 21 processing products, the company said
HEIT, the Colorado-based provider of cloud-based infrastructure, compliance and security services to more than 200 credit unions, is being sold to Computer Services Inc. of Paducah, Ky.
Colorado-based infrastructure outsourcer sold to Kentucky provider of core banking, diversified technology services.