Acquiring TIO Networks gives PayPal an all-important launchpad for reaching consumers underserved by banks. How will it leverage that asset? PayPal Holdings Inc.’s $233-million acquisition of Vancouver-based processor TIO Networks Corp., which was finalized in July, does more than make the digital-payments system an immediate player in the bill-payment market. …

Welcome to the murky world of bank card network fees, on which Visa and Mastercard make handsome livings. The fees reward investors, but what about acquirers and card issuers? Mastercard Inc. and Visa Inc. have become two of the most beloved companies on Wall Street since their initial public offerings …

The first big wave of Apple Pay contracts began expiring last month, and a big question for both Apple Inc. and the financial institutions that committed to support the computing giant’s mobile-payments app is whether to renew, and under what terms, in the face of less-than-spectacular results for mobile payments …

Mastercard Inc. enjoyed a strong third quarter, and Tuesday morning its top executive was not shy about celebrating some of the trends that he expects will further lift results for the world’s second-largest payment card network. These include recent acquisitions, a global partnership with PayPal Holdings Inc., and budding developments …

American Express Co. released SafeKey 2.0, an online authentication tool that uses the EMVCo 3-D Secure 2.0 standard. The service will be available in spring 2018. Payline Data Services LLC announced that payment-processing technology company Pineapple Payments purchased Payline Data for an undisclosed amount. Payline Data has almost 10,000 merchants processing …

Most components of First Data Corp.’s massive merchant-acquiring machine performed well in the third quarter, and the company renewed its acquiring contract with Wal-Mart Stores Inc., the world’s largest retailer. But new merchant referrals from First Data’s joint ventures with three big U.S. banks remain problematic. “These businesses have remained …

Consumer use of mobile payments has taken a step back, according to new research from Auriemma Consulting Group. The New York City-based firm found that mobile-payments usage is down 5 percentage points to 25% of consumers surveyed from 30% a year ago. And that decline is expected to continue into …

Point-of-sale system provider Revel Systems announced it is working with mobile-payments provider LevelUp to integrate mobile order-ahead, in-store mobile payments, and loyalty service for Revel’s restaurant clients. After more than 50 years in the Houston area, First Data Corp.’s TeleCheck Services unit will vacate its headquarters in suburban Sugar Land, …

Two and a half months after announcing it was exploring strategic alternatives, international payment services provider Planet Payment Inc. reported late Thursday that it has a deal to be acquired by Galway, Ireland-based Fintrax Group, a multi-currency processor for international shoppers, for $4.50 per share in cash. The deal values …

A Cincinnati-based startup called LISNR is promoting technology that transmits payment data over sound waves. The technology, which the company demonstrated Tuesday at the Money 20/20 financial-technology conference in Las Vegas, is now open for beta and can be used as an alternative to near-field communication, the company said. It …