Debit Cards

Paya Inc. said on Tuesday is has acquired First Billing Services, a Dayton, Ohio-based billing processor for municipalities, utilities, and multifamily housing units. The $57.5 million deal, which Paya chief executive Jeff Hack says was consummated minutes before midnight on New Year’s Eve, represents the Reston, Va.-based payments provider’s second …

At first glance, a press released headlined “Mastercard Drops Its Name” might lead one to believe Mastercard will be the anonymous payment network going forward. But no, Mastercard Inc. is simply removing its name from its familiar interlocking circles logo, the company announced Monday. The name-drop marks the second time …

Hotel operator and franchisor Marriott International Inc. reported Friday that 8.6 million encrypted payment card records were compromised in the big data breach it disclosed Nov. 30. Of those, 354,000 cards were unexpired. The card statistics are included in an update Bethesda, Md.-based Marriott issued about the breach of the …

Remote deposit capture software provider Mitek Systems Inc. said in a regulatory filing “that it has received expressions of interest from multiple parties” and thus is considering various “strategic alternatives” to maximize shareholder value. The only suitor the filing identified is ASG Technologies Group Inc., a portfolio company of the …

It was a nasty December and fourth quarter, but transaction-processor stocks still beat the major market indexes in 2018, according to an analysis by Barrington Research Associates Inc. Twenty-six publicly traded processor stocks posted a mean return of 3.01% for the year versus a negative mean return of 6.24% for …

Fraud, acquisitions, and interchange dominated the top 10 list of news articles posted to DigitalTransactions.net in 2018. Starting with a $6.2 billion pact between Visa Inc. and Mastercard Inc., on one hand, and defendant banks, on the other, stemming from 13-year-old litigation over credit card interchange, to American Express Co.’s …

Sixty-two percent of U.S. consumers used a credit card in 2018, up from 60% in 2017, finds a report from Mercator Advisory Group Bestpass Inc., a provider of toll-management services for commercial fleets, said it finished 2018 with 500,000 active transponders in its network of almost 6,000 clients. The fastest …

Bits of Gold, said to be one of the largest cryptocurrency exchanges in Israel, has developed an application programming interface that allows merchants to accept cryptocurrency and receive value in the form of U.S. dollars or Israeli shekels. Cybersecurity news outlet The Hacker News said PayPal Holdings Inc. banned without explanation …

Chicago-based software developer Epazz Inc. spun off payments subsidiary ZenaPay Inc. as a Canadian corporation that will pursue business in the cannabis market. Citing a study by a British research firm, biometric card manufacturer SmartMetric Inc. says nearly 579 million biometric credit and debit cards will be in use globally …

A subsidiary of Visa Inc. is offering to buy Earthport PLC, a London-based provider of cross-border payments for banks and businesses, for approximately $250 million in cash. The offer represents a 250% premium to Earthport’s six-month average share price ended Dec. 24 and has the endorsement of Earthport’s board of …