Transaction Processing

By John Stewart @DTPaymentNews Bank and non-bank players alike are scrambling to claim a share of the peer-to-peer payments market, and a report released this week explains why: adoption is hot and getting hotter. Slightly more than one-third of U.S. consumers made at least one transaction last year, up from …

By Jim Daly @DTPaymentNews Stockholm-based mobile-payments technology provider iZettle AB, which operates in Europe and Latin America, reported Wednesday that it raised €60 million ($63 million) in a new funding round in which an affiliate of Chicago-based Victory Park Capital participated. The financing consists of equity from existing investors in …

• Independent sales organization Applied Merchant Systems announced it has increased its liquidity following  an expansion of its credit line with Goldman Sachs Specialty Lending Group and Business Development Corporation of America. In conjunction, Blue Square Resolutions, also an ISO, became a shareholder in the company. • Miami-based NovoPayments, which processes payments throughout …

The 120-year-old automobile is getting a payments makeover. Automaker American Honda Motor Co. Inc. last week demonstrated an in-vehicle payments system for parking and paying for fuel at the 2017 CES, a consumer electronics exhibition in Las Vegas. Honda held the demonstration in conjunction with Visa Inc., Gilbarco Veeder-Root, which …

Founded in 1990 as the national trade group of independent sales organizations, the Electronic Transactions Association is taking on a decidedly technology-oriented hue as the payments industry rapidly evolves. The ETA announced last week that an Apple Inc. executive was elected to a two-year term on its board of directors, …

• The Electronic Transactions Association announced its 2017 board of directors and officers, including Jeff Sloan, CEO of merchant processor Global Payments Inc., as chairman and president. An Apple Inc. executive also is serving a two-year term on the board—Eric Hoffman, director of Internet software and services. • The Federal Trade Commission is challenging the public …

U.S. online retail spending through home and work desktop computers in the 2016 holiday season totaled $63.1 billion, up 12% from $56.4 billion in 2015, Internet metrics firm comScore Inc. reported Thursday. “The 2016 online holiday shopping season had another successful year, with desktop growth rates in line with our …

• Merchant processor EVO Payments International has acquired payments-solutions specialist Sterling Payment Technologies. Paul Hunter, Sterling’s president and chief executive, will manage the Sterling unit within EVO. Terms of the deal were not announced. • An app called Clarity Money has debuted to help consumers manage their finances by performing such chores as negotiating bills, choosing …

When JPMorgan Chase & Co. decided to recruit order-ahead capability for its Chase Pay mobile wallet, it settled on a 6-year-old mobile payments startup whose technology could give Chase Pay a vital boost in a crucial merchant segment. Meanwhile, the alliance could also bring tens of millions of new customers …

The United Kingdom’s Competition and Markets Authority (CMA) is questioning Mastercard Inc.’s planned $920 million acquisition of London-based VocaLink Holdings Ltd., a deal which if consummated would give Mastercard a strong presence in several non-card payment systems, including the Faster Payments initiative in the United States. VocaLink operates Bacs, the U.K.’s …