Acquiring

First Data Corp. on Friday said it is joining the market for card readers that plug into mobile phones. Its latest entry in its Clover line of point-of-sale technology is Clover Go, a credit and debit card reader that connects to smart phones and tablets via the mobile device’s headphone …

E-commerce processor Adyen Inc. announced on Thursday it is now offering payments capability for physical stores in the United States, a move that follows the company’s success in providing a payments gateway for a number of prominent digital clients, including Facebook, Uber, Airbnb, and Netflix. Also on Thursday, ATM maker …

Sales agents at independent sales organizations and software vendors have a new mobile point-of-sale service to sell merchants. MyOmny, which is available for smart phones and tablets using iOS and Android operating systems, has launched. Developed by Dallas-based Avalon Solutions Group, myOmny is an app that merchants download to their …

Two reports released Friday afternoon about consumer spending in the 2015 holiday season document continued strong growth in online commerce, although one report has e-commerce falling slightly short of earlier predictions. And mobile commerce is the new star of consumer payments. In its final report about the 2015 holidays, Internet …

Merchant processor First American Payment Systems L.P. on Thursday reported that it bought the independent sales organization portfolio of Chase Commerce Solutions, the merchant-acquiring and payment-processing unit of banking giant JPMorgan Chase & Co. Neither company would disclose the purchase price or the number of ISOs and merchants involved in the …

It was a lousy December for payment stocks, but 2015 as a whole saw shares of electronic transaction processors far outperform the major market indexes, according to a new report from Chicago-based investment firm Barrington Research Associates Inc. Shares of 28 payments companies posted a mean return of 11.47% last …

Visa Inc. has announced new data-security requirements for small merchants, one of which says that beginning Jan. 31, 2017, merchant acquirers must annually validate compliance by their so-called Level 4 merchants with the Payment Card Industry data security standard. Other new Visa requirements involve qualified integrators and resellers, or QIRs. …

As 2016 beckons, multiple challenges and opportunities await the payments industry and the Electronic Transactions Association, a Washington, D.C.-based trade group that represents the merchant-acquiring and -processing industry. Incoming ETA board president Greg Cohen says the association, and the payments industry it represents, are in the midst of a transformation …

Efforts to get EMV chip cards into the wallets of U.S. consumers may be paying off. Some 52% of cards presented to merchants in the weeks following the Oct. 1 liability shift bear a chip, says CardFlight Inc., a mobile point-of-sale provider, in the debut of its EMV Migration Tracker. …

When Global Payments Inc.’s chief executive, Jeffrey S. Sloan, called his counterpart at Heartland Payment Systems Inc., Robert O. Carr, a couple of months ago, he had in mind the potential for a massive acquisition in the acquiring business. But, in making that call, he also took the latest step, …