Acquiring

Merchant acquirer EVO Payments Inc. plans to reinvigorate its lagging U.S. e-commerce business while still pursuing expansion opportunities abroad, its chief executive said Wednesday. Atlanta-based EVO is one of the smaller publicly traded payment processors, and it has a unique business model. Its roots are in the U.S., but today …

Those who work in electronic payments know the risks from criminals constantly trying to steal sensitive payment data. Small-business owners, however, may not. Eighty-nine percent of them say there is low to no risk of their businesses facing a data compromise. That startling stat comes from the recently released 2019 …

Merchant acquirer EVO Payments Inc. processed 821.6 million transactions in 2018’s fourth quarter, up 16% from 705.5 million a year earlier. European transactions grew 22% to 575.1 million while North American transactions rose 5% to 246.5 million. Fourth-quarter revenues increased 9% year-over-year to $150.8 million; the company posted a net …

Mastercard Inc. said it is purchasing Ethoca Inc., a fraud-mitigation firm, for an undisclosed amount. The deal is expected to close in the second quarter. Ethoca works with more than 5,000 merchants and 4,000 financial institutions. Mastercard intends to expand Ethoca’s capabilities and combine the company with its current security …

With $2.28 billion in losses over the past three years, ride-share provider Lyft Inc. is looking to cut costs—and payment-card acceptance expenses won’t be spared. San Francisco-based Lyft outlined several initiatives it already has started or is planning in a filing earlier this month with the Securities and Exchange Commission …

Mastercard Inc. has called a halt to its bidding war with Visa Inc. over cross-border business-to-business payments processor Earthport PLC and instead plans to acquire another company in the space, Transfast Remittance LLC. Mastercard announced a tentative deal to buy New York City-based money-transfer provider Transfast Friday. Transfast is a …

EVO Payments Inc. continues its European expansion with the acquisition of Way2Pay, an Ireland-based payment gateway. Announced Monday, the deal gives the Melville, N.Y.-based company entry to integrated payments for schools and clubs in Ireland and the United Kingdom. Terms were not disclosed. “We see significant value in expanding Way2Pay …

Repay Holdings LLC said its 2018 payment volume increased 42% to $7.5 billion from $5.2 billion in 2017. Its net income increased 12% to $10.5 million from $9.4 million. Repay is in the midst of a pending merger with Thunder Bridge Acquisition Ltd. Net Element Inc. unit Unified Payments will …

Mastercard Inc. has abandoned its pursuit of cross-border specialist Earthport PLC and instead has agreed to acquire New York City-based Transfast Remittance LLC, a cross-border account-to-account money-transfer network. Terms of the deal, which is expected to close in 2019’s second half, were not disclosed. Visa Inc. last month made an …

PayActiv Inc. will use the Visa Direct platform from Visa Inc. to offer real-time deposits of earned funds to its clients’ employees. The funds can be loaded onto a Visa debit or reloadable prepaid card. PayActiv also launched its own Visa-branded general-purpose reloadable prepaid card. Testing lab Q-Card Co. said …