Acquiring

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), …

  When negotiating a merchant-portfolio acquisition, buyers and sellers may want to examine more than the usual terms and conditions for elements that could affect the value, and potential, of the portfolio, advises an analyst. While there are obvious terms to look for, such as those directly related to ownership …

More than 3,700 individuals, groups, and companies have submitted comments regarding New York State’s novel proposal to regulate virtual currencies. A Digital Transactions News sampling of comments from payments organizations about the so-called “BitLicense” shows they want more clarity in definitions and exemptions from some proposed licensing requirements. New York’s …

As small online merchants prepare for holiday-season sales, they’re seeking out financing to support extra help and added order fulfillment, and that’s boosting new financing options from online processors. PayPal Inc., for example, now has 20,000 mostly e-commerce businesses using its 15-month-old PayPal Working Capital merchant cash-advance service. It has …

Once perceived as a payment method for drug dealers and shady merchants craving anonymity, the Bitcoin virtual currency is now accepted at approximately 75,000 merchants worldwide, and their numbers are growing fast, according to a new report by First Annapolis Consulting Inc. Even so, it will be a while before …

Electronic-commerce spending from work and home desktop computers from Nov 1-23 hit $17.5 billion, up 11% from $15.8 billion in the same period a year earlier, Internet metrics firm comScore Inc. reported Tuesday. Most e-commerce spending is charged to credit and debit payment cards, so the early results for the …

  Merchant-services provider Swipely Inc. says it is now managing more than $4 billion in annual sales generated by its restaurant, hospitality, and retail clients, representing a four-fold increase over 2013, the company says. Providence, R.I.-based Swipely chief executive Angus Davis says the company’s three-pronged sales approach helps. In addition …

  Consumers walking around stores with their smart phones in hand often send a potentially troublesome signal to many retailers. The shoppers could be shopping an online retailer’s site while using the brick-and-mortar merchant’s store as a showroom. It’s a phenomenon that Las Vegas-based OrderWithMe Inc. says it can help …