Transaction Processing

  Money-transfer provider MoneyGram International Inc. has launched MGiAlloy, a technology platform to enable greater use of alternative financial services. MGiAlloy, which can be used on kiosks, online, on mobile device or at points-of-sale, enables consumers to transfer money, pay bills, cash checks, reload prepaid cards and other services. Dallas-based MoneyGram …

In an effort to prevent money laundering, New York State’s top financial regulator made history last year when he proposed that virtual-currency providers obtain a so-called “Bitlicense” to ensure that they have proper controls in place to protect consumers’ money. Now Benjamin M. Lawsky, superintendent of the New York Department …

Count Poynt Co. as the newest member of the point-of-sale terminal maker industry. The Palo Alto, Calif.-based company hopes to entice merchants, developers, and resellers to its product. Osama Bedier, Poynt chief executive, formerly led Google Inc.’s Google Wallet and before that worked at PayPal Inc. The L-shaped device rests on …

Financial analysts gave MasterCard Inc. and Visa Inc. credit for leading a New York Stock Exchange rally Thursday as higher consumer spending on payment cards boosted the networks’ revenues. And processor Vantiv Inc. reported a 42% increase in merchant-processing revenues in the wake of its June acquisition of Mercury Payment …

Stressing new services such as tokenization, online checkout, and mobile payments, Visa Inc. chief executive Charles W. Scharf on Wednesday left no doubt where the sprawling card network’s future lies. “The things we are doing are all about having the best products in the market to capture where the growth …

American Express Co. is making it easier for its cardholders to use their points to buy a Big Mac sandwich at McDonald’s restaurants in the United States. The card issuer announced Tuesday that AmEx rewards points now can be used to pay for purchases at select McDonald’s locations with national …

Merchant acquirer TransFirst Inc. has a new owner. Private-equity firm Vista Equity Partners, San Francisco, is buying Hauppauge, N.Y.-based TransFirst for an undisclosed amount, TransFirst announced Monday. This summer, TransFirst, which has more than 200,000 merchants, had planned a partial initial public offering with its current owner, Welsh, Carson, Anderson …

A humble Frank Bisignano told top non-bank acquirer executives Thursday that his company, processing giant First Data Corp., wasn’t “always good” at listening to its clients and asked the audience to hold him “personally accountable” for the company’s performance in the coming year. Bisignano, a former JPMorgan Chase & Co. …

  San Francisco-based Boku Inc. has bought mopay Inc., bolstering its position among carrier billers, Boku announced Tuesday. Germany-based mopay, with a U.S. office in Palo Alto, Calif., says it processes more than 5 million monthly transactions and works with more than 400 mobile operators. Boku has built connections to …

One implication of the breakup of PayPal Inc. and its parent company eBay Inc., announced by eBay earlier this week and planned for next year, is that eBay will likely be free to add a slew of alternative-payment methods for sellers to accept on its online marketplaces. For years, eBay …