Acquiring

By Jim Daly@DTPayment News First Data Corp. said attrition in its small and mid-size North American merchant portfolio eased off in the third quarter, but chief executive Frank Bisignano cautioned that getting attrition down to acceptable levels will take more time. “Q3 saw a meaningful reduction in the annualized attrition …

• A Colorado State University management professor and a Ph.D. student in finance at the University of Utah co-wrote a blog post saying that the “legal incoherence” in federal policy regarding financial services for legal marijuana businesses is hurting an otherwise fast-growing industry that in Colorado alone generated nearly $1 …

• Mobile-commerce technology provider Sionic Mobile launched a mobile-payment and loyalty app called Style Rewards for hair salons. The app was introduced in collaboration with Style Media22, an interactive digital-media agency for salon professionals. • Mobile point-of-sale technology provider CardFlight agreed to offer its SwipeSimple EMV solution to merchant clients of …

http://www.nxtbook.com/nxtbooks/dt/201611/

Consumers may shop in stores more than they do online, but for most—93%—the research into these purchases is taking place online, finds a survey released Tuesday by Revel Systems, an iPad-based point-of-sale system provider. More consumers, 86%, shopping in person at least twice in the month proceeding the July survey …

• Boosted by its November 2015 acquisition of software developer SunGard, processor Fidelity National Information Services Inc. (FIS) reported third-quarter revenues of $2.31 billion, up 46.2% from a year earlier. Revenues grew 3.8% on an organic basis. • Co-Op Financial Services said it will provide its online bill-payment application to …

Merchant acquirer Square Inc. started out offering credit and debit card acceptance to tiny businesses and part-time sellers who wanted to accept plastic, but volume from Square’s biggest merchants grew 55% year-over-year in the third quarter and now accounts for 43% of Square’s gross volume. Square, which refers to all …

• RYDE Technologies Inc. launched an overhauled version of its ride-hailing app RYDE, first launched last year to compete with Uber and Lyft. As with other such apps, RYDE processes payments in the background against a stored card, summons taxicabs and black cars rather than private vehicles. • The Bancorp Inc., …

• Early Warning Services LLC, a fraud-management company, announced an alliance with NuData Security that enables Early Warning to use behavioral analytics and risk assessment as part of its authentication platform. • Money-transfer revenue for MoneyGram International totaled $339.6 million for the third quarter, up 5% on a constant-currency basis …

• Visa Inc. and chip maker and software provider Intel Corp. announced a two-pronged security initiative, one of which aims to protect the growing Zelle person-to-person payments network, to which Fiserv is providing a link. Zelle is expected to launch early next year. • In related news, Fifth Third Bank …