• Merchant processor iPayment Inc., along with its parent company iPayment Holdings Inc., announced a refinancing with holders of its senior secured notes that company officials say should result in a “substantial deleveraging” of the company and enable it to add services and products. • Equinox Payments LLC said it supports Android Pay …

• Payment technology provider MagTek Inc. introduced tDynamo, a compact terminal that accepts chip and magnetic-stripe payment cards as well as contactless transactions in either fixed or mobile configurations. • USA Technologies Inc. said its ePort Connect Platform’s G0-S series has been certified on the Verizon Wireless 4G LTE network. USAT’s ePort devices …

First Data Corp.’s newest division, the Integrated Solutions Group, is designed to entice software developers to create tools that hook into the giant processor’s payments platform. Announced Friday, the division is meant to foster ties between the Atlanta-based processor and independent software vendors, value-added resellers, software developers, and systems integrators. …

By Jim Daly @DTPaymentNews JPMorgan Chase & Co.’s merchant-processing subsidiary surpassed $1 trillion in payment volume last year, the New York City-based banking giant reported Friday. Chase Commerce Solutions, the No. 2 U.S. merchant acquirer after First Data Corp. and the biggest acquirer owned by a banking firm, posted merchant-processing …

• Bank of America Corp. reported combined credit and debit card purchase volume of $134.3 billion in the fourth quarter, up 4% from $129.5 billion a year earlier and up 6% when adjusted for earlier divestitures. • Wells Fargo & Co. reported debit card purchase volume of $78.4 billion in the fourth …

By John Stewart @DTPaymentNews Bank and non-bank players alike are scrambling to claim a share of the peer-to-peer payments market, and a report released this week explains why: adoption is hot and getting hotter. Slightly more than one-third of U.S. consumers made at least one transaction last year, up from …

• More than 100 new merchants have signed a letter to U.S. House of Representatives leaders, bringing the total to 768 since the letter began circulating in November, urging them not to repeal the Dodd-Frank Act’s Durbin Amendment, which put a cap on debit card interchange and set debit transaction-routing requirements. Dodd-Frank is …

By John Stewart @DTPaymentNews If loyalty programs are the key to boosting usage of new payments methods like mobile wallets, ease of rewards redemption could be even more critical. On Wednesday, terminal maker VeriFone Systems Inc. took a step in that direction by expanding the reach of its Points Redemption …

By Jim Daly @DTPaymentNews Stockholm-based mobile-payments technology provider iZettle AB, which operates in Europe and Latin America, reported Wednesday that it raised €60 million ($63 million) in a new funding round in which an affiliate of Chicago-based Victory Park Capital participated. The financing consists of equity from existing investors in …

• The U.S. Supreme Court seems divided over whether New York’s ban on credit card surcharges is a form of speech regulation as a group of merchants challenging the state’s anti-surcharge law assert, Reuters reported. The National Retail Federation said the case is about “being able to show the cost of using …