Acquiring

American Express Co. reported a strong first quarter early Friday that betokens a return to pre-pandemic performance for the company, though it also confronts questions stemming from emerging inflation and the threat of recession. AmEx reported overall spending in its crucial travel-and-entertainment business in March reached 99% of the total …

Payroc World Access LLC announced the acquisition of Worldnet, a payment gateway designed for independent software developers. Terms were not disclosed.The Consumer Financial Protection Bureau and the New York Attorney General have sued MoneyGram International Inc., alleging the remittance company “failed to deliver funds promptly to recipients abroad.” MoneyGram responded by calling the claims …

The competition to bring digital-payments capability to sports arenas is getting hotter. FIS Inc. announced early Thursday its Worldpay unit is exclusively processing payments for tickets, concessions, and merchandise at Washington D.C.’s Nationals Park, home of the city’s Nationals Major League Baseball team. As part of the deal, Jacksonville, Fla.-based …

The Famous Dave’s chain of barbeque restaurants has chosen Presto as its exclusive provider of pay-at-table technology. The chain, which operates more than 150 locations, is a unit of BBQ Holdings Inc.Payments provider Fortis announced an integration with the Oracle Payment Interface for its hospitality and retail segments. The integration is expected to ease …

Visa Inc. has spent more than $9 billion over the past five years to boost cybersecurity and reduce fraud, according to an announcement the network made in a blog post Tuesday. Of that amount, $500 million has been spent on artificial intelligence and data infrastructure. As a result of its …

Vail Resorts has selected buy now, pay later provider Uplift to allow Vail guests to pay for a pass over time with monthly installments.Discover Financial Services launched its Online Privacy Protection service on its mobile app. The service allows users of the Discover card and banking services to remove personal information from 10 …

The hospitality industry continues to heat up as a market for digital-payments processing and technology, attracting established players and startups alike. Early Tuesday, GoTab Inc. said it is working with business-software firm PaySuite to sell its services to restaurants in the Pacific Northwest.  The first installation is a food hall …

MyPINPad, a provider of mobile-based payment acceptance, has agreed to merge with SmartPesa, a payments-technology provider. Terms were not announced.Fintech AppTech Payments Corp. has agreed to acquire Hothand Inc., a patent-holding company that owns intellectual property in mobile credit and debit transaction technology as well as other fields. The purchase involves transfer …

Despite predictions that buy now, pay later loans will account for $680 billion in transactions by 2025, or about 12% of all e-commerce sales, the industry remains on a potential slippery slope when it comes to consumer protections, says a paper issued Monday by the Mossavar-Rahmani Center for Business and Government at …

One of the country’s biggest merchant associations on Monday joined a growing chorus of voices arguing fee increases planned by the major card networks for this month will exacerbate inflation. “American consumers are struggling under the worst inflation in four decades, and these increases would only make the situation worse,” …