Bank of America Corp.’s Merrill Lynch subsidiary on Monday announced enhanced capabilities for its Virtual Payables service, including the ability by corporate card-using businesses to create single-use account numbers in real time. In addition to the single-use card numbers, businesses with a BofA Merrill purchasing card can connect directly to …

China-based smart-phone maker OnePlus, which sells phones in the U.S. and dozens of other countries, confirmed that its Web site was hacked, potentially exposing the credit card information of 40,000 customers as they entered card data on the oneplus.net site between mid-November and Jan. 11. OnePlus said it is notifying …

Visa Inc. CEO Alfred Kelly told CNBC that Bitcoin currently is a “speculative commodity” and not “a payment-system player.” Visa only will process fiat currency transactions, Kelly said at the National Retail Federation’s annual conference this week in New York. Varo Money Inc. said it raised $45 million in a …

Vantiv Inc.’s acquisition of Worldpay Group plc, which was announced in August, officially closed Tuesday, forming a company called Worldpay Inc. The combined company processes more than 40 billion transactions worth more than $1.5 trillion annually around the world. Over a 24-hour period, a swooning Bitcoin shed nearly $2,600 in …

When major technology companies started launching mobile-payments services a few years ago, many observers figured digitized and tokenized card credentials would soon replace old-fashioned plastic. But now, the chronically sluggish adoption and usage rates these mobile wallets have registered is lending new life to plastic cards. The twist is that …

Lighthouse Network, the company behind such acquiring and point-of-sale brands as Harbortouch and POSitouch, announced Monday it has purchased Shift4 Corp., a Las Vegas-based payment gateway, for an undisclosed amount. Allentown, Pa.-based Lighthouse also announced it would adopt the Shift4 name, rebranding itself as Shift4 Payments. It was only in …

Cardlytics Inc., which provides marketers with payment card purchase information as well as ACH and bill-payment data from 2,000 partner financial institutions, filed for a $75 million initial public offering. Cardlytics says that in 2016 its platform analyzed more than 18 billion online and in-store transactions across more than 94 million accounts, …

Processor JetPay Corp. announced its payments, payroll, and account-opening services are now available to clients of Bolts Technologies, a software provider specializing in deposit account onboarding for financial institutions. VeriFone Systems Inc. introduced its e280, a mobile point-of-sale device with a 3.5-inch color touchscreen that accepts near-field communication contactless payments, …

The U.S. Marshals Service plans to auction 3,813 Bitcoins in 11 blocks Jan. 22. The agency acquired the digital currency through forfeitures in 18 federal criminal, civil, and administrative cases. Bidder registration opens today. At Thursday morning’s price of approximately $14,000 per Bitcoin, the assets are worth about $53.4 million. …

South Korea-based consumer-electronics giant LG Electronics plans to bring its LG Pay mobile-payments service to the U.S. in a few months. But with its smart phones in the hands of only 10% of American consumers, how much market share LG Pay can capture and how it can distinguish itself from …