E-Commerce

C&H Financial Services Inc. said it merged with Mann Merchant Processing Systems LLC to expand its East Coast operations and grow. The combined company will use the C&H brand. Terms were not disclosed.Merchant acquirer Elavon Inc., a subsidiary of U.S. Bancorp, acquired Gothenburg, Sweden-based payments provider Payius AB. Payius has been an …

Investors in payment stocks experienced something in September they don’t have to suffer through very often—two straight months of negative returns. A basket of 27 transaction-processor stocks tracked by Chicago-based Barrington Research Associates Inc. posted a negative mean return of 3.89% in September, considerably worse than three major stock-market indexes. …

Drury Hotels Co., which in May disclosed a data breach involving reservations made through some third-party online booking sites, now says the breach involved transactions from Dec. 28, 2017, to June 2 of this year, about two-and-a-half months longer than the originally stated timeline. Drury said “unauthorized access” occurred on …

The New York attorney general is suing Dunkin’ Brands Group Inc. for allegedly violating the state’s data-breach notification act by failing to notify nearly 20,000 customers that their Dunkin’ accounts had been compromised in a series of brute force cyberattacks beginning in 2015. Hackers also gained unauthorized access to more than 300,000 accounts in …

The recently completed acquisition of Total System Services Inc. (TSYS) by Global Payments Inc. is “the best of the bunch” among the three megamergers in the payment-processing industry this year, investment research firm Morningstar Inc. says in a new report. The Global-TSYS deal “has the most capacity to reduce costs …

Fiserv Inc.’s acquisition of First Data Corp. this year was the first of a trio of big mergers that has made 2019 the year of the megadeals in payments. On Thursday, a key Fiserv executive close to the action explained how the $22-billion acquisition served as the capstone to a …

Policymakers have much work ahead when reviewing cryptocurrencies like the proposed Libra, a European regulator said Wednesday. In related news, a cryptocurrency payment plugin debuts for WordPress. The Libra cryptocurrency project led by Facebook Inc. has “undoubtedly been a wake-up call for central banks and policymakers,” said Benoit Coeure, a …

American Express Co. posted an online guide for consumers about contactless cards. Beginning in July of 2019, all newly issued AmEx consumer and small-business cards are contactless-enabled, and starting next month all newly issued corporate cards will be contactless-enabled.P97 Networks, a provider of mobile payments and rewards programs for petroleum retailers, …

More types of retailers and e-commerce merchants are facing more fraud attempts as the number of attacks increased for every merchant type covered in the 2019 True Cost of Fraud report issued Tuesday by LexisNexis Risk Solutions. And with the growth comes an increase in the cost to counter the …

P97 Networks, a mobile-payments and content provider for gas pumps, partnered with WannLynx, which supports in-store and at-the-pump video and other content for fueling stations, to enable payments as well as discounts, coupons, and other loyalty programs for convenience stores and gas stations.Brex, a startup that creates corporate card programs …