By Jim Daly@DTPaymentNews For more than six years, most of the debate about the Dodd-Frank Act’s Durbin Amendment has been relatively straightforward. Merchants like Durbin because they pay less in debit card acceptance costs under the amendment’s interchange price cap affecting card issuers with more than $10 billion in assets. …

By Kevin Woodward@DTPaymentNews Six Pepsi-licensed bottlers will use USA Technologies Inc.’s cashless payments devices in 2,120 vending machines, the Malvern, Pa.-based vending-payments specialist announced Wednesday. USAT also released its fiscal second-quarter earnings showing revenue at $21.8 million, but a year-to-date loss of $2.2 million. The Pepsi bottler announcement—for a cooperative …

• KeyBank and First Data Corp. announced an agreement under which the bank will offer First Data products and services, including the Clover line of mobile point-of-sale technology, to its merchant clients across the country. • Financial-institution processor Fiserv Inc. said fourth-quarter adjusted revenue in its payments segment grew 9% year …

By John Stewart @DTPaymentNews Security jitters have hit the payments industry, and it’s no wonder. The arrival of new and sophisticated ways to spoof identities, coupled with the rapid rise of mobile usage for banking and payments, has created a minefield for security professionals charged with guarding accounts and the …

By Jim Daly@DTPaymentNews Westernunion.com, the online and mobile-payment service of The Western Union Co., is still small, but it’s the rising star of the world’s leading wire-transfer company, which posted a $355 million fourth-quarter loss in the wake of a recent $586 million settlement with the federal government over lax …

By John Stewart @DTPaymentNews In an early glimpse of how U.S. businesses are using faster payments, the governing body for the automated clearing house issued survey results Tuesday showing that 90% of respondents at surveyed financial institutions report same-day ACH origination volume at or above what they expected. The same …

By Kevin Woodward@DTPaymentNews Chase Pay, the nascent mobile-payments service from banking giant JPMorgan Chase & Co., has added two more merchants to its roster. HMSHost, a Bethesda, Md.-based dining-services company specializing in transportation locations, and Parkmobile LLC, an Atlanta-based parking company, will begin accepting order-ahead capability based on functionality developed …

• Independent sales organization BluePay Processing LLC announced its purchase of the merchant-services portfolio of VersaPay Corp., a business-to-business payments provider. Terms were not disclosed. • Merchant processor Total Merchant Services introduced Groovv mPOS, a mobile point-of-sale device enabling EMV and NFC contactless payments, as well as online transactions. The device links to smart …

By Jim Daly@DTPaymentNews PayPal Holdings Inc. on Wednesday announced updates to its user agreements for consumers and merchants, and among the numerous changes are 0.5% price increases for several types of transactions involving U.S. sellers and foreign buyers. Beyond the price hikes, other changes include a new non-discrimination clause for …

By Kevin Woodward@DTPaymentNews One-third of the payments that consumers made using Pay with Amazon in 2016 were on a mobile device, e-commerce giant Amazon.com Inc. revealed Tuesday. Pay with Amazon enables consumers to use their Amazon wallets to pay for merchandise on other retailer’s Web sites. In a rare release …