Restaurants are a coveted merchant segment for many acquirers and independent sales organizations. So, knowing how payments are changing and the impact that might have on this merchant segment is critical. First off, in 2019, the prospect for more consumers carrying, and wanting to use, contactless credit and debit cards …

Pepsi-Cola of the Hudson Valley reached an agreement  with USA Technologies Inc. to install contactless-payment capability on 300 vending machines and to upgrade payment devices on another 1,000 machines already linked to USAT’s ePort Connect Service. Merchant processor Square Inc. agreed to lease an entire 356,000-square-foot building in Oakland, Calif., where …

E-commerce, online bill payments, and other forms of card-not-present payments continued their strong growth last year to capture a bigger share of total card payments, according to newly released Federal Reserve data. The number of what the Fed calls remote payments using general-purpose payment cards grew 22.8% in 2017 from …

Mobile-commerce platform PredictSpring said it developed a mobile-shopping app and store-associate app that provides a buy-online, pickup-in-store function for BevMo!, a specialty-beverage retailer. Synchrony Financial announced it will provide private-label credit card services to Qurate Retail Group, parent company of HSN, beginning in 2019. Synchrony also extended existing deals with …

E-commerce technology provider 3dcart said its merchants can now offer Bread, an online financing service for consumer purchases, to their shoppers. Fidelity National Information Services Inc. (FIS) said consumers can redeem rewards points instantly at the pump at approximately 13,400 Shell stations nationwide through a new agreement between FIS and …

Big banks generally aren’t too thrilled about the Federal Reserve taking a direct operational role in a U.S. real-time payment system, but smaller banks and credit unions as well as some big companies support the idea. The Fed’s two-month comment period on its proposed Real Time Gross Settlement service closed …

Atom Tickets released a skill for Amazon Alexa, the retailer’s voice-assistant technology. Users can learn what movies are playing nearby and buy tickets using voice commands. The skill is integrated with Amazon Pay. Extend, a digital distribution platform for credit cards, registered with the Visa Ready program for business solutions, …

Technology provider Nxt-ID Inc. said its planned spinoff of its payment assets into an independent, publicly traded company has been delayed until the first quarter of 2019 owing to the company’s inability to come to terms with its primary lender, which holds security interests in the assets targeted for the …

In 2018, the acceptance of virtual cards, also known as v-cards, by small-to-midsize businesses (SMBs) increased significantly as suppliers embraced the improved security and convenience of this digital payment method over paper checks. Still, making the leap to fully automated payments remained a challenge for most within this market segment. …

An affiliate of Elliott Management Corp., a hedge fund that is trying to acquire remote deposit capture software provider Mitek Systems Inc. through a portfolio company, plans to nominate seven director candidates at Mitek’s 2019 shareholder meeting, Mitek reported in a regulatory filing. The meeting date and location hasn’t been …