Acquiring

Fiserv Inc.’s acquisition of First Data Corp. this year was the first of a trio of big mergers that has made 2019 the year of the megadeals in payments. On Thursday, a key Fiserv executive close to the action explained how the $22-billion acquisition served as the capstone to a …

American Express Co. posted an online guide for consumers about contactless cards. Beginning in July of 2019, all newly issued AmEx consumer and small-business cards are contactless-enabled, and starting next month all newly issued corporate cards will be contactless-enabled.P97 Networks, a provider of mobile payments and rewards programs for petroleum retailers, …

More types of retailers and e-commerce merchants are facing more fraud attempts as the number of attacks increased for every merchant type covered in the 2019 True Cost of Fraud report issued Tuesday by LexisNexis Risk Solutions. And with the growth comes an increase in the cost to counter the …

Merchant processor Square Inc. on Nov. 1 will drop its longstanding 2.75% point-of-sale rate for a new pricing plan of 2.6% plus 10 cents. Based on recent U.S. purchase dollar- and transaction-volume statistics from the bank card networks, Digital Transactions News calculates the new pricing plan will generate about 1% …

The United Kingdom’s Competition and Markets Authority fined PayPal Holdings Inc. £250,000 ($309,700) in connection with PayPal’s $2.2 billion acquisition of Sweden-based processor iZettle AB last year; the regulator said PayPal violated an order not to integrate its U.K. business with iZettle during an investigation by cross-selling services to U.K. consumers. PayPal said it …

Merchant-services companies may already have the best tool for courting independent software vendors and software developers. It’s the sales model. That’s the word from a panel at last week’s Western States Acquirers Association conference in Rancho Mirage, Calif. Many payment providers are looking to integrated payments, often an integral part …

P97 Networks, a mobile-payments and content provider for gas pumps, partnered with WannLynx, which supports in-store and at-the-pump video and other content for fueling stations, to enable payments as well as discounts, coupons, and other loyalty programs for convenience stores and gas stations.Brex, a startup that creates corporate card programs …

The clamor to sign up merchants that want to sell hemp-derived cannabidiol products is undiminished despite multiple questions about what a legal CBD product is and how to onboard these merchants. “The banks are having a tough time now because it’s so new,” said Travis Chrisman, president and cofounder of …

Familiar now as a point-of-sale payment option, transactional credit is moving into the much larger—and more complicated—world of business-to-business payments. Splitit Payments Ltd. announced on Monday it has launched a service that allows merchants and other small businesses to pay suppliers with regular, interest-free installments on an existing business credit …

The Federal Trade Commission announced settlements with the two principals of Apex Capital Group, an Internet marketer of dietary supplements and personal-care products the FTC accused of using deceptive free-trial offers and negative-option billing in the U.S. and United Kingdom. The defendants must surrender assets valued at $3 million or more and are barred …