Acquiring

Payments-technology provider MagTek Inc. on Tuesday launched the latest product on its DynaFlex platform, the DynaFlex II card reader, and also unveiled its DynaProx family of readers for transactions involving NFC mobile wallets as well as barcodes. The new technology follows a two-year span in which businesses have sought out …

Ontario International Airport in California is adopting Shift4 Payments Inc.s’ VenueNext mobile point-of-sale technology to allow passengers to order and pay for food and merchandise using their mobile phones. The service includes new self-checkout technology that allows travelers to scan a UPC code, add it to a shopping cart, and …

Payments provider TouchBistro launched TouchBistro Marketing, aimed at helping restaurants connect and market to customers via custom marketing campaigns. The new system links to TouchBistro’s restaurant-management platform.Innovative Payment Solutions Inc. announced the second phase of its IPSIPay App with approval from Visa Inc. for use of Visa debit cards within the app.PayPal Holdings …

After years of soliciting input from more than 200 organizations in the payments industry, the PCI Security Standards Council Thursday published version 4.0 of the PCI Data Security Standard (PCI DSS). The new standard, which provides a baseline of technical and operational requirements designed to protect account data, replaces version …

Transactions on gift cards and cryptocurrency—and even buy now, pay later capability—are coming to commercial washers, dryers, and vending machines with an announcement Monday by PayRange Inc. that it will support the new payment methods. The Portland, Ore.-based company, which says it processes for more than half a million commercial …

Paysafe Ltd. announced it is processing payments for several iGaming operators in the Canadian province of Ontario, including PointsBet and theScoreBet.Diebold Nixdorf said Langley Federal Credit Union selected the company to operate and manage its self-service banking channel. The credit union said it has more than 320,000 membersBuy now, pay later specialist Klarna …

The 25 biggest U.S. merchant acquirers control about 90% of payment dollar volume, even as e-commerce may be losing some of its recent momentum, according to the latest ranking of U.S. merchant acquirers by The Strawhecker Group, released this week. Overall, U.S. acquirers processed more than $9 trillion in payment …

Some 79% of cybersecurity professionals globally said their organizations had been hit by ransomware within the last 12 months, according to a survey of 620 respondents conducted by Enterprise Strategy Group and commissioned by OwnBackup, a data protection platform.Payments provider Repay Holdings Corp. announced an integration with Flex, a provider of core system …

Almost eight years after it launched the Apple Pay mobile-payment service, Apple Inc.’s purported move to bring some of its payment-processing and financial-services operations in-house once again could shake up the payments industry. Just how, though, is a big unknown at the moment. Cupertino, Calif.-based Apple is not commenting on …

Retailers worldwide lose billions every year due to chargebacks, and a significant and growing portion of them are a result of chargeback fraud. However, it doesn’t have to be that way if businesses are proactive about implementing the right prevention strategies.  Chargeback fraud can be defined as when an individual …