Lightspeed POS Inc. on Thursday acquired ShopKeep Inc., a payments and commerce provider, for $440 million in cash and stock. Under the terms of the deal, Lightspeed will pay $145.2 million in cash and issue 9.5 million subordinate voting shares. The deal is expected to close by Dec. 31. RBC …

Spurred by consumers’ need to send money to family and friends during the Covid-19 pandemic and an increasing number of financial institutions being onboarded, the Zelle peer-to-peer payment network announced Monday it processed $84 billion in transactions during the third quarter of 2020, up 18% from the second quarter. Consumers …

Fiserv Inc.’s Clover point-of-sale technology business on Wednesday unveiled Scan to Order, which allows consumers to access a menu and pay for their meal by scanning a QR code at the table or the order window. The application reflects an emerging trend among restaurants to shift interactions between customers and …

National Retail Solutions, a POS platform provider for independent convenience stores, is reselling an EMV at the pump retrofit kit from Sound Payments Inc. under its own brand that can significantly reduce station owners’ EMV compliance costs. NRS is calling the technology the NRS EMV EZ Pump Solution. The retrofit …

Unlike the case with previous changes in consumer payment behavior that took years, if not decades, the Covid-19 pandemic has accelerated adoption of touchless payments, as more and more consumers look for hygienically safer and convenient ways to pay, says a Fiserv Inc. report released Friday. The report surveyed 1,037 consumers …

Alliance Data Systems Corp., a provider of loyalty and marketing services, is moving its nearly 24-year-old in-house private-label card processing operations to Fiserv Inc. The move is part of Alliance Data’s strategy of investing in the development of new digital services for its customers, such as offering credit options to …

Visa Inc. on Wednesday announced the rollout in 15 geographic markets of Visa Tap to Phone, which allows consumers to initiate a transaction simply by tapping a contactless card to a merchant’s NFC-enabled mobile device.  Tap to Phone is now live in numerous countries throughout Europe, Middle East, Africa, Asia …

With merchant adoption of contactless payment solutions accelerating due to the Covid-19 pandemic, Incognia, a provider of fraud-detection applications, announced an app Tuesday to detect Quick Response code fraud.  The application uses location behavioral biometrics to create a digital fingerprint for the consumer’s identity. It uses the buyer’s real-time and …

Because of Covid-19, many employees who have access to payments data are working from home, making it awkward if not impossible for data-security assessors to conduct onsite inspections. In response, the PCI Security Standards Council says it plans to make the next version of its data-security standard more reflective of …

Fintech startup Save has reached an agreement to use Galileo Financial Technologies Inc.’s API-driven payments-processing platform for its Debit Invest debit cards and Save Market Savings accounts.  Galileo’s platform is expected to make it easier for Save customers to open and fund their accounts and integrate them with Save’s bank …