Digital Transactions Authoritative, insightful and timely information for payments professionals
• KeyBank and First Data Corp. announced an agreement under which the bank will offer First Data products and services, including the Clover line of mobile point-of-sale technology, to its merchant clients across the country.
• Financial-institution processor Fiserv Inc. said fourth-quarter adjusted revenue in its payments segment grew 9% year over year to $728 million. For all of 2016, adjusted payments revenues increased nearly 10% to $2.79 billion. Fiserv also said that Salem Five, a $4.2 billion Massachusetts bank, picked it to provide account processing and payment, digital banking, and cash-management services.
• Financial Technology Solutions International will offer debit, credit, and ATM processing services from Vantiv Inc. to its 150 financial-institution clients under a new agreement between the firms.
• Realtime Electronic Payments, which offers payments technology and processing to the consumer-lending industry, announced its acquisition of Sigma Payment Solutions, which processes transactions in the auto-finance market. Terms were not disclosed.
• Barcode-hardware maker Code Corp. said VeriFone Systems Inc. certified its equipment to work with VeriFone software.
• NCR Corp. introduced NCR Encor, a purpose-built software package for small and mid-sized retailers that handles point-of-sale and front- and back-office functions.
• Subscription-payments specialist Recurly Inc. announced an integration with QuickBooks Online.
• Merchant-service providers Digital River World Payments and ACI Worldwide reached an agreement under which Digital River Inc. merchants will have access to ReD Shield, a fraud-prevention solution from ACI. Under a previous agreement between the companies, Digital River uses ACI’s Pay.On gateway to enable payments for clients expanding into foreign markets.
• Payments gateway Shift4 Corp. said an EMV-certified service developed with SkyTouch Technology, which provides property-management services software for hoteliers, is now available.
• Payments-service provider WePay Inc. named Mark H. Resnick, a former Vindicia executive, as chief financial officer. WePay promoted Kurt Bilafer to chief revenue officer. He had been vice president of sales and customer success.
