Transaction Processing

• Mobile-payments provider LevelUp said it has closed a $50 million funding round with participation by existing investor JPMorgan Chase & Co. as well as US Boston and CentroCredit Bank. LevelUp, which says its user count is nearly 1 million, is the subject of a lawsuit by competitor CardFree Inc. alleging LevelUp fraudulently …

When it comes to establishing merchant acceptance in North America, Alipay’s ambitions go well beyond niche markets. In fact, “When we’re looking at partners, we’re looking for ubiquity,” Souheil Badran, president of Alipay North America, tells Digital Transactions News in a wide-ranging interview. Those partners so far include First Data …

Thanks in part to its acquisition of a Florida independent sales organization nearly a year ago, merchant acquirer JetPay Corp. on Monday reported that its first-quarter revenues increased 63% to $18.9 million from $11.6 million in the year-ago period. JetPay’s Payment Services segment, its biggest unit, saw revenues jump by …

• EVO Payments International announced it purchased the remaining ownership interest in Zenith Merchant Services, a Montreal-based payments provider. Terms were not disclosed. • Payments processor Computer Services Inc. has integrated data from Dow Jones Risk & Compliance for sanctions screening to help clients control the risk of doing business with politically …

• The National Retail Federation on Friday launched a multimedia advertising campaign urging the House of Representatives to protect the Durbin Amendment. The campaign, which includes radio commercials targeting the districts of key Congressmen who have expressed support for repealing Durbin, comes as the House prepares to take up the Financial …

Efforts to make the EMV payment process more appealing to consumers and merchants got another boost with Mastercard Inc.’s announcement Thursday that point-of-sale equipment maker VeriFone Systems Inc. and payment processor Global Payments Inc. now support the card brand’s M/Chip Fast protocol. The protocol, announced a year ago, enables developers …

Payments consultants Todd Ablowitz and Deana Rich are out to prove you don’t have to spend months or years setting up to be a merchant-aggregation model that lets sellers process transactions on the aggregator’s merchant account. All told, the model holds the potential to generate more than $4.4 billion in …

• Merchant processor Cayan has acquired Dallas-based Card Payment Services LLC, which processes more than $700 million annually for the waste-disposal industry. Terms were not announced. • Beanstream, a Canada-based payments provider that operated in the United States as Beanstream USA, has adopted its parent company’s name—Bambora—and will now will act as the …

Expanding on an acceptance relationship that began last October at high-end merchant locations in California and New York, processor First Data Corp. on Tuesday said it will offer its 4 million U.S. merchants in-store acceptance of the Chinese online and mobile-payment service Alipay, which is used by 450 million people …

Having built a successful payments processor and sold it to Global Payments Inc., Bob Carr is ready to build another company, but this time with a purpose beyond simply making money. Carr’s latest endeavor is Beyond, launched May 1, just over a year from the closing of Global Payments’ $4.3 …