Credit Cards

The road to payment automation hasn’t been an easy one, with many organizations still battling outdated payment processes and exposing themselves to unnecessary costs, inefficiencies, and payment-fraud risks. Some organizations are still working with manual, costly, and fraud-prone paper based accounts-payable processes, while others have started down the path of …

Payments company i3 Verticals Inc. announced the acquisition of two unnamed companies at a combined price of approximately $20 million. One is in the public sector and the other is in wireless Internet-service billing. Countering the impression that most users of digital-payments services skew younger, half of first-time person-to-person payment …

The Kroger Co. on Friday opened a new front in its battle with Visa Inc. over acceptance costs with an announcement that it will stop accepting Visa credit cards at its Smith’s Food & Drug Stores chain, which operates 134 stores in seven Western states. The ban is set to …

Business-services firm Accenture invested in and formed an alliance with P97 Networks Inc., a cloud-based mobile-commerce firm specializing in automotive. As part of the agreement, Accenture will develop products from P97 for its clients. P97’s PetroZone service is installed at more than 20,000 U.S. filling stations. Terms of the investment …

NetCents Technology Inc. said it signed a 5-year reseller agreement with an undisclosed independent sales organization. The ISO will bundle NetCents’ gateway and cryptocurrency acceptance into its offerings. The Electronic Transactions Association and Worldpay are bringing 10 startup companies to the ETA’s annual Transact conference. The 10 companies, part of …

Retailers, like many other businesses, have probably had their fill of fraud attempts. Unfortunately, criminals have not. Between May 1 and Dec. 31, 2018, Akamai Technologies detected more than 10 billion credential-stuffing attacks aimed at retailers, accounting for more than a third of all such attempts—28 billion—in that period. In …

CannaTrac, a cashless mobile-payment service for the cannabis industry, released an application programming interface for point-of-sale software developers. JPMorgan Chase & Co. CEO Jamie Dimon told investors the bank’s JPM Coin, a blockchain-based token now in test for intrabank corporate payments, one day could be offered to consumers, Bloomberg reported. …

For all the talk about financial-technology firms and non-bank processors encroaching on banks’ turf, acquiring banks still outdo the upstarts when it comes to having satisfied merchant customers, according to J.D. Power’s first in-depth study of the merchant-acquiring industry. The online study of 3,500 small businesses nationwide last October and …

SuiteRetail, a Wilmington, Del.-based point-of-sale software developer, completed integration of  Stripe Inc.’s merchant-processing services into its apps, giving merchants the ability to use Stripe for their in-store and online transactions. Merchants using SuiteRetail’s SuitePOS for NetSuite or Salesforce now can complete their online processor and store set-up for Stripe. The …

The global processor Worldpay Inc. is beating its own expectations in knitting together the assets combined in the huge merger of Vantiv Inc. and Worldpay plc and is looking to make more acquisitions this year, top executives said Tuesday. Speaking to stock analysts to discuss Cincinnati-based Worldpay’s fourth-quarter and full-year …