Payments provider i3 Verticals Inc. reported revenue of $84.5 million in its fiscal third quarter ended June 30, a 27.5% increase from $66.3 million a year ago. It had a loss of $655,000, compared with net income of $887,000 last year. This marks the first earnings results for the company …

E-commerce sales accounted for 30% of the total spend in the second quarter, according to First Data Corp.’s “2018 Payments and Commerce Mid-Year Review.” Overall spending in the quarter increased 4.8% from the same quarter a year ago. By channel, in-store sales increased 4% and e-commerce increased 6.7%. The report …

The Securities and Exchange Commission filed a federal civil lawsuit Tuesday accusing former Heartland Payment Systems Inc. CEO Robert O. Carr and his girlfriend, Katherine M. Hanratty, with insider trading. Carr allegedly tipped Hanratty ahead of the December 2015 public announcement that Global Payments Inc. planned to acquire Heartland, and …

In a finding that resolves differing decisions by lower courts, the United Kingdom Court of Appeal ruled in favor of retailers challenging interchange fees set by Visa Inc. and Mastercard Inc. as anti-competitive, Bloomberg reported. The case, however, now goes to a tribunal that reviews business-competition disputes. Payments provider Century Business …

The global networks’ ambition for streamlined e-commerce with a single buy button sounds great—until you consider all the implications and ponder the unanswered questions. Here’s an alternative approach. As consumers leverage digital channels more often for transacting, there has been a sense of optimism that new technology players offering creative …

Payments-technology provider Bluefin Payment Systems said NCR Corp. is using Bluefin’s point-to-point encryption service at merchants deploying NCR’s Counterpoint Retail Solution to process payments through NCR Secure Pay. Payments provider Merchant Consulting Group, which was founded in 2005, changed its name to Paystri. Credit-union processor PSCU said its new Lumin …

Merchants selling digital goods were dealt a heavy blow last year as the fraud rate for the category soared 167%, finds the Fraud Attack Index from online-fraud prevention specialist Forter and the Merchant Risk Council, a merchant group that addresses fraud prevention. Released Tuesday, the index also found that account …

Captiva MVP Restaurant Partners LLC, operator of the PDQ fast-casual chain, reported that a hacker accessed its computer system through a technology vendor’s “remote connection tool” and may have compromised an undisclosed quantity of payment card numbers, cardholder names, expiration dates, and verification values. The breach, which affected all but three …

Harbortouch, a unit of Shift4 Payments, debuted Checkout, a point-of-sale system with features to aid retailers, including inventory tracking and management, time-clock and scheduling tools, and text and email marketing. Checkout is aimed at independent and small-chain retail stores, the company said. The Securities and Exchange Commission is investigating alleged insider …

Point-of-sale system technology provider Revel Systems said it integrated customer-engagement software from Conduit Ltd., which uses the brand name Como, into its platform to bring to brick-and-mortar merchants services used by online retailers such as loyalty programs, analytics, branded mobile apps, in-app payments and other capabilities. Shift4 Payments LLC announced …