Acquiring

Strong consumer spending and a benign world economy worked in Mastercard Inc.’s favor in the first quarter, lifting the network’s U.S. purchase volume by nearly 11% and profits by over 30%. The No. 2 payment card network by volume on Wednesday reported that U.S. purchase volume rose 11% to $359 …

Coveted word-of-mouth advertising is failing the mobile-payments services offered by technology giants. That’s the assessment from the Q1-2018 Mobile Pay Tracker report from Auriemma Consulting Group. Though 34% of consumers among the more than 1,500 surveyed use mobile payments—up five points from a year ago—not many are as willing to …

Toast, a 7-year-old provider of point-of-sale and payments software to restaurants, has launched its first POS device, a handheld that servers can use to accept payments and handle other functions. The device replaces a Samsung model the company used. Commerce platform Shopify Inc. reported transactions from mobile devices amounted to …

Processing giant First Data Corp. said on Monday Walmart Inc. has added Star signature debit acceptance to its roster of payment options. The company also noted that its integrated payments business continues to grow. Both observations came during the Atlanta-based company’s first-quarter earnings call with equity analysts. For the quarter, …

Zippy’s Restaurants said credit and debit card data, including cardholder names and numbers, may have been compromised in a “data-security incident” at its approximately two dozen locations in Hawaii between last Nov. 23 and March 29; the chain learned of the incident March 9. The Western Union Co. has added …

Since its founding nine years ago, Square Inc. has focused on simplified checkout options and software for small brick-and-mortar merchants. With its acquisition of Weebly Inc., announced late Thursday, San Francisco-based Square is not only staging a major expansion into e-commerce, it’s also laying the groundwork for a significant outreach …

Dollar volume in Discover Financial Services’s Payment Services unit rose 19% in the first quarter to $56.1 billion, led by a resurgent Pulse debit network where volume jumped 20%. Pulse, one of the nation’s largest electronic funds transfer networks, has been rebounding in recent quarters have a long period of …

Customers of safeTstep, the business-to-business division of Payless ShoeSource, can now use PayNearMe to pay for online orders with cash at more than 27,000 U.S. locations, Payless said. This follows an earlier announcement that consumers can use PayNearMe for their Payless.com purchases. The Zelle person-to-person payments network moved more than …

EVO Payments International says it plans to go public and has filed an S-1 registration statement with U.S. Securities and Exchange Commission. The Atlanta-based payments company announced the move late Wednesday. Though the registration statement does not reveal how much EVO expects to raise by going public, the company says …

China’s central bank informed American Express Co. that it would “formally accept” its application to clear and settle domestic bank-card transactions, potentially making AmEx the first U.S. card network to get permission to operate in China, The Wall Street Journal reported. Visa Inc.’s stock has produced a total shareholder return …