Heartland Payment Systems, now a subsidiary of merchant acquirer Global Payments Inc., filed a lawsuit this week accusing its former chief executive Robert O. Carr of breach of fiduciary duty by giving a woman described as his girlfriend approximately $1 million to buy Heartland stock before Global Payments’s offer to …

Young adults like loyalty programs even more than older consumers, and the so-called Millennial generation has its own preferences for types of loyalty programs and the form factors for connecting merchants and consumers, according to new research from Hawk Incentives. For example, as a group, respondents to a Hawk Incentives …

Customer demand has prompted CheapAir.com to accept three more cryptocurrencies in addition to Bitcoin, which the travel-booking site began accepting in 2013. The new ones are Litecoin, Bitcoin Cash, and Dash. These three currencies promise faster transaction times and lower fees than Bitcoin and are the most-requested cryptocurrencies among those customers …

JPMorgan Chase Bank and its merchant-acquiring affiliate Paymentech have filed a breach-of-contract suit against restaurant operator and Paymentech merchant Landry’s Inc. seeking to recover $20 million in fines from Visa Inc. and Mastercard Inc. stemming from a 2014-15 data breach at dozens of Landry’s properties. The bank and processor, collectively called …

Mitek Systems Inc. announced Wednesday that it acquired Paris-based Artificial Intelligence and Image Analysis (A2iA), a developer of text-recognition and imaging software, for €42.5 million ($49.8 million) in cash and stock. The move bolsters San Diego-based Mitek’s already strong position in the remote deposit capture market and gives it access …

Payment card processor First Data Corp. is getting into student-loan processing with its acquisition of Navient Corp.’s technology platform. Terms of the deal announced Wednesday were not revealed. An undisclosed number of Navient employees will become First Data employees, and Jeff Whorley, who has been group president of asset management …

Bankrate LLC’s latest study of checking account pricing at credit unions found that ATM surcharges and foreign fees haven’t changed much in the past year.  The April study of the top 50 credit unions by deposits revealed that ATM surcharges—fees charged by ATM owners to non-customers who use their machines—actually …

In its biggest acquisition yet, PayPal Holdings Inc. is buying Stockholm-based payments firm iZettle AB for $2.2 billion. The San Jose, Calif.-based online payments provider late Thursday confirmed an afternoon of rumors about the pending deal. Jacob de Geer, iZettle’s chief executive and co-founder, will stay on after the acquisition’s …

The struggling merchant processor Spindle Inc. canceled its planned acquisition of independent sales organization and gateway provider VyaPay, but reported Wednesday that it plans to form a so-called strategic alliance with VyaPay, and VyaPay’s chief executive will provide day-to-day management of Spindle. Mesa, Ariz.-based Spindle, whose shares trade over the …

It’s easy to see how convenience in the form of longer service hours and lower fares might increase ridership on public transportation systems, but new survey results show that mobile apps that combine various transit options, including payments, could also boost ridership. London-based mass-transit software developer Masabi Ltd. recently released results …