Acquiring

With little fanfare, Global Payments Inc. last week disclosed that the payment card networks had returned it their lists of processors compliant with the Payment Card Industry data-security standard (PCI) following remediation efforts the merchant processor began after the data breach it disclosed a year ago. Atlanta-based Global Payments also …

  Merchant cash advances for online retailers suddenly are coming into vogue with the entry of PayPal Inc. into the market. PayPal recently disclosed that it plans to test in its home country a cash-advance program similar to one it has tested in the United Kingdom. Finance companies and merchant …

  Like metastatic cancer, the cyberattacks originating from ordinary hackers all the way up to national governments seem to be getting worse by the day, according to security experts who spoke Wednesday to a conference of e-commerce executives. Case in point: last week, citizens of South Korea couldn’t use banks …

  The pending acquisition of the processing business of NEBA (formerly the New England Bankcard Association), a Wakefield, Mass.-based bank card issuing and merchant-acquiring association, by processor Primax will mark the end of an era. Founded in 1969, NEBA is the last of the 12 original regional processing associations for …

Is MasterCard Inc.’s coming digital-wallet fee for online-payments providers such as PayPal Inc. a fair charge for systems that rely on the bank card networks to move their transactions, or a way for the established card networks to squeeze upstarts? That’s the gist of the debate that’s swept across the …

LevelUp, the mobile-payments unit of Boston-based SCVNGR Inc., announced a partnership with the big merchant acquirer Heartland Payment Systems Inc. on Thursday that will dramatically expand its national reach with merchants and make its white-label mobile app more affordable to merchants wanting to increase their loyalty marketing. The agreement gives …

  Sports apparel and accessories retailer Genesco Inc. has gone to court to challenge  $13.3 million in fines levied by Visa Inc. for alleged violations of the Payment Card Industry data-security standard. Genesco’s may be the first retailer lawsuit filed against a card network over the PCI security standards, according …

Troubled point-of-sale terminal maker VeriFone Systems Inc. on Monday announced sweeping changes in its management ranks, appointing four new people to top positions a week after long-time chief executive Douglas Bergeron resigned. One of the key appointments is Eliezer Yanay, who headed San Jose, Calif.-based VeriFone’s global research and development, …

  Dogged by seemingly unrelenting bad news that now includes possible violations of U.S. sanctions against Iran, leading point-of-sale terminal maker VeriFone Systems Inc. late Monday said its long-time chief executive officer Douglas G. Bergeron “is stepping down,” effective today. The company named its chairman, Richard McGinn, as interim chief …

Mike Duffy, president and chief executive of JPMorgan Chase & Co.’s Chase Paymentech merchant-acquiring subsidiary and one of the acquiring industry’s most prominent figures, died Thursday after a long illness. “It is difficult to put into words how much Mike will be missed,” said Gordon Smith, chief executive of Chase …