Acquiring

Payments-networking provider Transaction Network Services has agreed to acquire Advam, an Australian provider of unattended and e-commerce payments processing. Terms were not disclosed. E-commerce technology provider tru Payments LLC launched tru Shop-by-Payment, a cloud-based service that lets consumers shop for a new car and auto financing at the same time. Bill-payment specialist …

American Express Co. said it is using the Ethoca Eliminator service from chargeback-mitigation specialist Ethoca, which can help prevent disputes for U.S. merchants by providing more detailed transaction information in real time to AmEx card users when they spot an unrecognized charge. Blockchain-payments provider BitPay said merchants now can receive their …

Unless you’re talking about check-writing or cash usage, just about every measure of transactions and volumes in payments is up, up, up these days. But a new study from the Federal Reserve Bank of Atlanta says consumers actually made fewer payments in October 2017 than they did a year earlier. …

With the economy still humming along, three of the nation’s biggest banks on Friday reported healthy increases in third-quarter payment card purchase volumes. JPMorgan Chase & Co., owner of the nation’s biggest bank-run merchant acquirer, posted $343.8 billion in merchant-processing volume, a 14% increase from $301.6 billion in 2017’s third …

E-commerce processor Shopify Inc. opened its first brick-and-mortar “entrepreneur space” in downtown Los Angeles. The site will provide in-person support, training, and education to Shopify merchants, and the company’s suite of retail hardware products will be available. Shopify says it has 10,000 merchants in L.A. and 80,000 in California. Cybersecurity …

Consumers with PayPal accounts will be able to withdraw cash from, and deposit cash into, these accounts at participating U.S. Walmart Inc. locations, Walmart announced Thursday. The deal means PayPal accountholders will pay $3 per cash-in and cash-out transaction. San Jose, Calif.-based PayPal says this is the first time its …

Sarah Friar, chief financial officer of merchant processor Square Inc., will leave the company in December after six years to become chief executive of Nextdoor, developer of a private social-network app for neighborhoods. David Viniar, Square’s lead independent director, will lead the search for a new CFO. Square’s stock fell …

Fiserv Inc. said it connected more than 100 banks and credit unions so far to the Zelle peer-to-peer payments network. The institutions are now live or will be going live soon, the company said. The average surcharge assessed by the ATM owner for an out-of-network transaction rose for the 14th …

Online-commerce analytics firm eMarketer Inc. is out with its 2018 holiday spending forecast, and it has some encouraging news for merchant acquirers, especially those in the e-commerce and mobile-commerce space. New York City-based eMarketer’s “Holiday Shopping 2018: A Strong Economy Sets the Stage for a Spending Surge” report predicts total …

Merchants using CardFlight Inc.’s mobile point-of-sale app can now use a service called SwipeSimple Customers to help manage their customer data, card-on-file data, and payments, CardFlight announced Tuesday. Among the new features are the ability to create and maintain a customer database with an option to store payment card details …