Acquiring

  Merchant-services company BluePay Processing Inc. has bought CDI Technology Corp., which provides e-commerce software and payment services for companies that use business-management software such as Oracle JD Edwards and SAP. Terms of the deal were not disclosed. Lombard, Ill.-based CDI integrates e-commerce and payments into business-management software, often called …

By Digital Transactions News Staff Bolstered by solid growth in the U.S. and Asia, merchant processor Global Payments Inc. on Thursday reported total revenues of $697.3 million for its second quarter of fiscal 2015 ended Nov. 30, up 10% from $634.1 million a year earlier. Second-quarter net income increased only …

The National Football League’s Dallas Cowboys organization is lending its name recognition to a new merchant-services company, Blue Star Payment Solutions. Frisco, Texas-based Blue Star intends to build its brand based on its affiliation with the Dallas Cowboys as one of the companies owned by the Jones family, says Jerry …

Merchant processor Merchant Warehouse announced Monday it has changed its name to Cayan LLC. The 17-year-old Boston-based company’s rebrand takes effect immediately and is reflected on a redesigned Web site that includes a new tag line, “The Payment Possibilities Company.” It will also be promoted at next week’s National Retail …

  Former National Processing Co. chief executive Tom Wimsett, now head of consulting firm Wimsett & Co. LLC, has teamed up with private-equity firm Thompson Street Capital Partners to buy EchoSat Communication, a payment-gateway company. EchoSat, based in Lexington, Ky., targets petroleum marketers and convenience stores. According to EchoSat’s Web …

Investors in Digital River Inc.’s stock reacted with exultation Wednesday morning when the gateway and e-commerce services provider disclosed that Microsoft Corp., its biggest customer, had renewed an agreement under which Digital River hosts the Microsoft Store online site. Not only has Digital River retained a client that accounts for …

Point-of-sale terminal maker VeriFone Systems Inc. saw a nearly 20% increase in its fourth-quarter North American revenues as U.S. merchants continued to prepare for Europay-MasterCard-Visa (EMV) chip card acceptance. Looking forward, the company is getting ready to introduce major new products in fiscal 2015, a year chief executive Paul Galant …

A U.S. House of Representatives committee released a report this week blasting the Federal Deposit Insurance Corp. for its role in Operation Choke Point, a federal-government effort to deny payment-processing services to merchants intent on defrauding consumers. The report is one more nail in what appears to be a coffin …

  Chalk another payment-card data breach up for the bad guys. Payment gateway Charge Anywhere LLC announced Tuesday it discovered a breach of its payments network. It says it has shut down the malware that caused it. South Plainfield, N.J.-based Charge Anywhere said the malicious software, which was discovered Sept. …

By Rick Oglesby, Double Diamond Payments Research Apple Pay was the talk of the Money20/20 trade show last month, but should it have been? Before Apple Pay can become a dominant payment vehicle, merchants need the ability to accept it (only about 2% of merchant locations can do so today), …