MasterCard Inc. on Friday proposed a solution that it says would allow merchant acquirers to route EMV debit transactions in compliance with a federal law mandating that merchants have a choice of networks. Under the proposal, MasterCard would open a proprietary application identifier (AID) associated with its Maestro brand to …

It’s been a tad busy at EVO Payments International over the past week. On Thursday, the big independent sales organization disclosed it had bought another ISO, Portland, Maine-based PowerPay. On Nov. 29, EVO announced a deal with Deutsche Bank AG, Germany’s biggest bank by assets, under which it will buy …

With a hearing coming up on Friday, objections to the proposed credit card interchange settlement are piling up in Brooklyn, N.Y., faster than debris from Superstorm Sandy. In addition to a number of retailers and their trade groups, those on record against the controversial plan forged by lawyers for the …

In a move that will greatly expand its business in card-not-present transaction processing, merchant processor Vantiv Inc. announced on Wednesday that it has agreed to acquire Lowell, Mass.-based Litle & Co. for $361 million in cash. The transaction is expected to close later this year and will result in 11-year-old …

With its “PayPal Offline” initiative to sign point-of-sale merchants for PayPal acceptance well under way, the payments subsidiary of eBay Inc. now is turning its attention to consumers, eBay executives told analysts on Wednesday. “PayPal intends to be everywhere consumers need an easy, safe, secure way to pay,” eBay president …

With rivals like PayPal Inc. and Square Inc. having made moves recently to enhance their point-of-sale payments offerings, Intuit Inc. on Tuesday confirmed it had bought AisleBuyer LLC, a 3-year-old startup whose technology lets consumers check themselves out of stores with their handsets. Terms of the deal were not disclosed, …

Merchant processor Global Payments Inc. confirmed late Friday afternoon that it sustained a data breach following press accounts earlier in the day of a breach variously reported as affecting 50,000 to potentially millions of payment cards. In a press release, Atlanta-based Global “announced it identified and self-reported unauthorized access into …

Prepaid card program manager NetSpend Holdings Inc. beefed up its retail distribution channels through a new agreement announced on Wednesday with leading convenience-store chain 7-Eleven Inc. The news came just a day after NetSpend rival Green Dot Corp. revealed that it bought assets from eCommLink Inc. that will advance its …

  Confirming its earlier signals that it does not want to be a direct U.S. merchant acquirer, at least not yet, Visa Inc. plans to sell its portfolio of just over 9,000 U.S. e-commerce merchants to merchant processor Global Payments Inc. within the next two months. Atlanta-based Global divulged the …

Extending itself further into mobile retailing and software, VeriFone Systems Inc. on Tuesday announced it has acquired 9-year-old Global Bay Media Technologies, a South Plainfield, N.J., vendor of in-store mobile solutions. Terms of the deal, which had already closed by the time of the announcement, were not disclosed. The acquisition …