U.S. servicemembers who use the Military Star credit card will see a change in September as the closed-loop network it uses migrates to the Discover Global Network. The Exchange Credit Program issues the Military Star card, which is administered by the Army and Air Force Exchange Service, and has approximately …

The Canada-based payments provider Helcim Inc., which like many processors works with a range of third-party partners, said late on Tuesday it is stepping up that collaboration to allow these integration partners to share in the company’s transaction revenue. Helcim figures revenue sharing will help attract yet more developers and …

American Express Co. early Friday announced it is acquiring Tock, a restaurant-reservation application, from Squarespace Inc. for $400 million, and Rooam, a contactless-payment platform for restaurants, bars, music venues, and arenas, for an undisclosed sum. Launched in 2014, Tock provides reservation, table-management, and event ticketing capabilities to 7,000 restaurants, wineries, …

Everyone has encountered the upsell. It’s the extended-warranty offer when buying a TV, or the ask to add a Danish to the coffee you just purchased. Now, CardFree Inc. has released a tool to help merchants automate the upsell with its new Smart AI Upsell feature. A component of CardFree’s …

Toast Inc., a provider of pay-at-table payments devices for the hospitality market, reported data derived from 112,000 restaurant locations in its Q1 2024 Restaurant Trends Report. Among the results: Tipping is most generous in Delaware, where it averages 22.1% of the bill. Mastercard Inc. said it is integrating Deposit Switch and …

Shift4 Payments Inc. confirmed early Monday it has reached an agreement to acquire the German point-of-sale technology company Vectron Systems AG at a price of 10.5 euros, or $11.42, per share. The offer represents a 50% premium to Vectron’s current share price, according to early reports. Information was not immediately …

The Biden administration dashes ahead with an interdepartmental effort to design a digital dollar, following the European Union and China, which are very excited about the tight surveillance power given to government through the emerging technology of digital money. The U.S. effort, which was kicked off by a presidential executive …

Technology platform Humbl said it will develop a digital ticketing offering for the Oregon Blackbears, an indoor football team. Organic Payment Gateways said it has launched an Authorize.net gateway service for merchants selling cannabis seed, nutritional supplements, and cannabidiol, the active ingredient in cannabis. Authorize.net is owned by Visa Inc. ParTech Inc., which …

Claims by banks that merchants won’t pass along savings from the Credit Card Competition Act to consumers are grossly misleading and do not reflect the economic realities merchants face, argues the Merchants Payments Coalition, a lobbying group representing sellers on payments-acceptance matters. Passing along cost savings or at least holding …

After months of speculation that Shift Payments Inc. was an acquisition target, company founder and chief executive and founder Jared Isaacman confirmed Thursday the company had indeed received multiple offers. The acknowledgment came at the outset of Shift4’s first quarter earnings call early Thursday. Despite the offers being “materially higher” …