Acquiring

NCR Corp. said it acquired Anderson, Ind.-based Midwest POS Solutions Inc., a point-of-sale systems provider serving 1,000 restaurants in Indiana and Kentucky. Midwest POS was one of the first dealers of the NCR Aloha POS system for restaurants. Terms of the deal were not disclosed.ATM security specialist TMD Security launched One Touch Access, …

The Samsung Pay mobile wallet introduced a Mastercard-branded virtual prepaid card called Samsung Pay Cash, which is accepted at all locations that accept Mastercard and Samsung Pay transactions. The technology behind the card is provided by Netspend, a unit of Global Payments Inc. The move comes on the heels of Samsung …

C&H Financial Services Inc. said it merged with Mann Merchant Processing Systems LLC to expand its East Coast operations and grow. The combined company will use the C&H brand. Terms were not disclosed.Merchant acquirer Elavon Inc., a subsidiary of U.S. Bancorp, acquired Gothenburg, Sweden-based payments provider Payius AB. Payius has been an …

Investors in payment stocks experienced something in September they don’t have to suffer through very often—two straight months of negative returns. A basket of 27 transaction-processor stocks tracked by Chicago-based Barrington Research Associates Inc. posted a negative mean return of 3.89% in September, considerably worse than three major stock-market indexes. …

Global Payments Inc. may be on the hook for more than $135 million following a jury verdict in a breach-of-contract lawsuit filed by an independent sales organization against the Atlanta-based processor. A jury in the Superior Court of DeKalb County in Georgia found that Global Payments breached parts of its …

Drury Hotels Co., which in May disclosed a data breach involving reservations made through some third-party online booking sites, now says the breach involved transactions from Dec. 28, 2017, to June 2 of this year, about two-and-a-half months longer than the originally stated timeline. Drury said “unauthorized access” occurred on …

The Shanghai-based UnionPay International payment network reported Monday that it now has 28 million accepting merchants outside of China and 120 million cards issued by non-mainland financial institutions since it launched its global business in 2004. But while UnionPay International now has a presence in 176 countries, with Chile and …

The Federal Reserve, which is taking industry comments on its upcoming FedNow real-time payments network until Nov. 7, said common questions so far involve pricing and the scope of the service. The first question can’t be answered yet, and the second touches on services that will be designed by financial institutions building on top …

The New York attorney general is suing Dunkin’ Brands Group Inc. for allegedly violating the state’s data-breach notification act by failing to notify nearly 20,000 customers that their Dunkin’ accounts had been compromised in a series of brute force cyberattacks beginning in 2015. Hackers also gained unauthorized access to more than 300,000 accounts in …

The recently completed acquisition of Total System Services Inc. (TSYS) by Global Payments Inc. is “the best of the bunch” among the three megamergers in the payment-processing industry this year, investment research firm Morningstar Inc. says in a new report. The Global-TSYS deal “has the most capacity to reduce costs …