Payment Processing

Payment processing encompasses core services such as merchant acceptance, transaction authorization, clearing and card issuance. The industry has recently seen continued consolidation and technology integration, including the sale of Moneris, FinWise’s acquisition of Tallied and SeatGeek’s adoption of Priority. It is also contending with provider bankruptcies, complaints involving payments for illegal gambling, regulatory divergence between the UK and EU, and fallout from the situation in Iran. Payment services directly affect merchant fees, transaction approval rates, revenue and cross-border expansion. Industry concentration, risk management and the use of AI warrant continued scrutiny.