Transaction Processing

• TouchSuite, a merchant-services company operated by American Bankcard LLC, announced it purchased Merchant Bankcard Systems of America, which has approximately 1,000 merchants in its portfolio. Terms of the deal, which closed Feb. 7, were not disclosed. • Middleware provider Datacap Systems Inc. said it completed level 3 EMV certification with …

By John Stewart @DTPaymentNews A year ago, Visa Inc. expanded its Visa Ready program beyond mobile point-of-sale terminals to support tokenized payments on a wide variety of Internet-connected devices. On Thursday, the payments company took the next step in that plan, announcing a collaboration with IBM Corp. that will allow …

• First Data Corp. expanded its deal with ShopKeep, a cloud-based point-of-sale provider, that makes ShopKeep’s POS software available through its distribution network. ShopKeep also will incorporate First Data’s payment processing and security tools. This includes the Clover Go software developer kit and enables ShopKeep software to operate on Clover hardware. • …

By John Stewart @DTPaymentNews PayPal Holdings Inc., which hasn’t been shy about laying out big money to enter new businesses, said on Tuesday it will shell out $233 million to buy TIO Networks Corp., a cloud-based processor that will deepen PayPal’s penetration of the bill-payment market. The acquisition is expected …

By John Stewart @DTPaymentNews Brick-and-mortar retailers are struggling to keep up with online stores, but they’d struggle far less if they could better deploy in-store technology, according to a report issued Tuesday. A big issue for shoppers is lackluster customer service, which last year cost retailers $150 billion in lost …

Diebold Nixdorf, the ATM manufacturer formed last August when North Canton, Ohio-based Diebold Inc. bought Germany’s Wincor Nixdorf AG, on Tuesday reported results for its first full quarter as a combined company. The merged firm, double the size of the former Diebold Inc., is now looking to expand globally and …

• Merchant processor iPayment Inc. will offer business services to its client base from cloud-based provider Company.com under a new agreement between the companies. • Merchant processor Fidelity Payment Services has selected PAX Technology as its preferred provider of EMV terminals and PIN pads. • Virtual Piggy Inc. announced it is working with …

Leading payment processor First Data Corp. on Monday reported positive net income for the fourth quarter and all of 2016, a turnaround from losses for both periods a year earlier, but it’s still working to improve mediocre revenue growth in its merchant-acquiring business. Atlanta-based First Data posted net income of …

• Canada-based RDM Corp., a maker of point-of-sale check scanners and developer of remote deposit capture software, has agreed to be acquired by check printer Deluxe Corp. for approximately $70 million U.S. in cash. • TA Associates, a private-equity firm, announced an investment in Retriever Medical/Dental Payments LLC, a payments provider for …

• PayPal Holdings Inc. reported in a filing that it has received subpoenas from the U.S. Department of Justice “seeking the production of certain information related to our historical anti-money laundering program.” PayPal said it is cooperating with the DoJ and cannot predict the outcome of the government’s investigation. • A point-of-sale software …