After a more than 10-year relationship with MerchantPro Express LLC, processor and banking-services provider Fiserv Inc. is bringing the Melville, N.Y.-based firm in house with an acquisition of the independent sales organization. Announced Tuesday, the deal sees the long-time partner—likely with First Data Corp., which Fiserv bought last year—acquired as a …

PayRange Inc. said its recent procurement of $70 million in funding will help accelerate its efforts to displace cash and convert cash-and-coin-only machines to electronic payments. Announced Tuesday, the funding will help with PayRange’s 2020 Consumer Choice Program. That is an effort to convert cash-only machines to electronic payments. Laundry operators, …

Ally Financial Inc. announced this week it will buy CardWorks Inc. for $2.65 billion. CardWorks owns Merrick Bank, a major player in merchant acquiring. In the deal, expected to close in the third quarter, Detroit-based Ally says Merrick Bank will merge into Ally Bank. Merrick has approximately $32 billion in …

Enabling account access and payments between different platforms is the task of application program interfaces, a bit of software code that thousands of payments companies rely on. Dubbed APIs, the technology is vital to the connected payments experience consumers desire and companies want to provide. Criminals, too, desire access to …

The payment habits of Generation Z and Millennial consumers are providing some of the motivation for Glance Technologies Inc. to change its name and mission. Millennials were born between 1981 and 1996, and those born in 1997 and later are Gen Z members. Announced Tuesday, the new corporate name is …

Mastercard Inc. is the latest U.S. payments company to take initial steps to operate in China with Tuesday’s announcement it will form a joint venture with NetsUnion Clearing Corp. to establish a domestic bank card clearing entity. The entity formed from the joint venture—Mastercard NUCC Information Technology (Beijing) Co. Ltd.—received …

Buy-now-pay-later specialist Sezzle Inc. said it surpassed 1 million consumers using its online payment service. Launched in 2016, Sezzle said it had reached 500,000 customers only in August 2019. At the end of the fourth quarter, the company, with corporate headquarters in Australia, said more than 10,000 merchants offer its …

A platform to help ensure payments are made to the proper entity is preparing for a May debut. Dubbed Phixius, the Nacha-developed platform will provide a way to enable the secure sharing of payment-related information. That’s important because the platform, announced this week, could save businesses time in vetting new …

The hotly competitive arena of integrated payments has prompted PointOS, a hospitality software developer, to register as an independent sales organization to gain better control over payment services it offers. The company, which serves customers, announced its ISO registration this week and calls its service PointOS Payments. “We became an …

Cross-border payments specialist WorldRemit Corp. says a partnership with Alipay, a major Chinese mobile-payment service, will enable consumers to make international remittances to the Alipay mobile app. Announced Wednesday, the service harbors significant potential. Approximately 35 million Chinese citizens live abroad, and they sent home an estimated $67 billion in 2018, …