Acquiring

A First Data Corp. shareholder filed a proposed class-action lawsuit Wednesday challenging the planned acquisition of the payment processor by Fiserv Inc. The $22 billion all-stock merger benefits First Data’s controlling shareholder, the investment firm Kohlberg Kravis Roberts & Co., “to the detriment of the company’s noninsider stockholders,” says the …

Cardtronics plc completed the integration of FIS Cardless Cash into 11,000 ATMs and expects to add 8,000 machines over the next several months. Cardtronics and Fidelity National Information Services Inc. (FIS) announced the integration in 2017. Online lending platform OnDeck said it will begin funding small-business clients with same-day credits …

Checkbook, a provider of digital-check technology, introduced Instant Pay, a service that lets businesses push funds into consumer and corporate bank accounts using Visa Direct, Visa Inc.’s push-payments network. Checkbook’s founder is PJ Gupta, former chief network architect at Visa. First American Payment Systems LP said it now offers Idealpos’s …

Convenience stores saw their payment card acceptance costs rise nearly 10% in 2018 even though sales increased only 9%, according to data reported Wednesday by the trade association NACS. NACS, formerly known as the National Association of Convenience stores, says credit and debit card fees paid by its members rose …

Payment card fees paid by convenience stores last year rose 9.9% to $11.1 billion from $10.1 billion in 2017, NACS, formerly the National Association of Convenience Stores, says in its newly released State of the Industry report. The increase in card fees outpaced 2018’s 8.9% increase in total sales, to …

Publicly-traded payments companies once again have rewarded their investors, with a basket of shares from 29 firms posting a mean, or average, return of 23.6% in the first quarter to handily beat three major market indexes, according to Chicago-based Barrington Research Associates Inc. The market is rebounding in 2019, with …

Wells Fargo & Co. has introduced contactless credit and debit cards for point-of-sale transactions. Information on how many cards will be issued was not immediately available. Tapping at ATMs will be introduced nationwide later this year at more than 13,000 machines, the bank said. Advanced Solutions International, a software developer …

Huntington Bank launched the Zelle peer-to-peer payments service on its mobile and online banking service. Payment Data Systems Inc. said its FiCentive subsidiary will provide its Akimbo commercial prepaid Mastercard-branded cards to the Bowen Center, a behavioral-health company. Zapt, an on-demand platform that lets customers schedule household moves, said it …

The payments industry’s relatively rapid move into digital transactions and broader business software is doing much to fuel the consolidation of big payments providers, according to an analysis posted Friday. Just since January, the industry has witnessed deals that will see Fiserv Inc. acquire industry giant First Data Corp. in …

NACHA, the regulatory body for the automated clearing house network, reported 27 billion ACH transactions for 2018, including 23 billion on the network and 4.1 billion off-network transactions, including mostly on-us volume. PayPal Holdings Inc. is closing two offices in Hunt Valley, Md., and will lay off their 380 workers …