Acquiring

A massive, 13-year-old legal case pitting merchants against the bank card networks and big issuers over credit card interchange could be nearing a settlement, according to regulatory filings and press reports. Mastercard disclosed in a Securities and Exchange Commission filing Thursday that negotiations among the parties are moving along and …

LaterPay Inc. released its LaterPay button as a tool to decrease payment friction, especially for nonprofit organizations and journalism sites, the company announced Thursday. Munich-based LaterPay, which has a U.S. office in New York City, says the button is designed to be a low-friction way to enable consumers to make …

ATM manufacturer NCR Corp. said it integrated AFS TrueChecks, a service from Advanced Fraud Solutions for preventing check fraud, into its platform for interactive teller machines. Shift4 Payments announced an integration with Megasys Hospitality Solutions, developer of the Portfolio HMS software application for lodging businesses. AvidXchange, a startup providing payment-automation …

Merchants selling digital goods were dealt a heavy blow last year as the fraud rate for the category soared 167%, finds the Fraud Attack Index from online-fraud prevention specialist Forter and the Merchant Risk Council, a merchant group that addresses fraud prevention. Released Tuesday, the index also found that account …

Captiva MVP Restaurant Partners LLC, operator of the PDQ fast-casual chain, reported that a hacker accessed its computer system through a technology vendor’s “remote connection tool” and may have compromised an undisclosed quantity of payment card numbers, cardholder names, expiration dates, and verification values. The breach, which affected all but three …

With its Monday decision upholding American Express Co.’s anti-steering rules, the U.S. Supreme Court unleashed a tide of press speculation about just how payment card pricing, rewards, and network rules will be affected. At this point, however, only a few things are clear. The first is that AmEx chief executive …

Bill.com announced that, at more than $52 billion, it has surpassed the $50-billion mark in bill payments processed annually for more than 3 million small-business clients. Prepaid specialist Incomm announced it is working with CheckFreePay Corp., a unit of Fiserv Inc., on a cash-based bill-payment service in store checkout lanes. …

In a 5-4 decision, the U.S. Supreme Court ruled Monday that American Express Co.’s anti-steering rules for merchants do not violate federal antitrust law. The conservative majority’s decision, written by Justice Clarence Thomas, caps a case that dates back to 2010 and involves merchants who wanted to steer merchants to …

VyStar Credit Union joined the Cardtronics plc network, enabling its members to have fee-free access at more than 20,000 Cardtronics ATMs. ATM operator Prineta LLC said it is the new ATM vendor at the Renaissance Columbus Westerville-Polaris Hotel in Columbus, Ohio. Payments provider Worldnet TPS Ltd. said it has completed …

PayPal Holdings Inc. said it is buying Simility, a fraud-prevention and risk-management platform, for $120 million. Once the deal closes—expected in the third quarter—PayPal merchants will get access to Simility’s fraud tools, the company said. This is PayPal’s second acquisition announced this week. Wednesday PayPal said it was buying Hyperwallet for …