Finally, the rumors can stop. Sage Payment Solutions, the U.S. merchant-services arm of Sage Group plc, has been sold to GTCR LLC, a Chicago-based private-equity firm, for $260 million, GTCR announced Friday. Reports of a possible sale of the company, which counts approximately 100,000 merchants in its portfolio, originally surfaced …

For former Heartland Payment Systems Inc. chief executive Bob Carr, the next venture goes beyond simply making money. Carr led the $4.3 billion sale of his old company to Global Payments Inc. in April 2016. But rather than ride off into a comfortable retirement, Carr is back with his latest …

Tokenization is nothing new. Various companies have for years offered the service, which replaces the actual card credentials a thief needs to make illicit purchases—primary account number, card-verification value, expiration date—with a random string of characters for digital transactions. But what is new is that Visa and Mastercard have finally …

The U.S. conversion to EMV is close to two years old now, and in its wake have come unquestioned benefits. But this cure for widespread counterfeit card fraud also has ushered in excruciating side effects. It’s easy to forget that the Europay-Mastercard-Visa chip card standard is more than 20 years …

The Fed’s task force has made a lot of progress, and on some fronts the results look promising. So why does it seem like the creation story of Visa and Mastercard all over again? It has been a long time since the initial Faster Payments discussions in 2013, and one …

Visa and Mastercard are acting fast to dominate the rapidly developing tokenization business. Are juicy fees next? It’s been more than six months since Visa Inc. and Mastercard Inc. announced reciprocal access to one another’s tokenization engines. Pacts giving PayPal Holdings Inc. such access have emerged over the same period …

A willingness to listen, knowledge of the industry and of the merchant, and preparation are key to skirting a merchant’s rebuff reflex. It’s a universal sales-agent experience. The rebuff, deflection, or outright rejection from a merchant who, in her mind, is yet again hearing a sales rep talk about how …

For the China-based Alipay payments service, pursuing niche merchant markets in North America no longer is good enough. “When we’re looking at partners, we’re looking for ubiquity,” says Souheil Badran, president of Alipay North America. Those partners so far include First Data Corp., which in May opened its huge U.S. …

When you’ve got something hot like stolen credit card numbers, you have only a brief opportunity to cash in before they go cold. Manually sifting through hundreds, even thousands, of card accounts bought in bulk can take more time than criminals have, which is why they increasingly are relying on …

By Jim Daly and John Stewart The U.S. conversion to EMV is close to two years old now, and in its wake have come unquestioned benefits. But this cure for widespread counterfeit card fraud also has ushered in excruciating side effects. It’s easy to forget that the Europay-Mastercard-Visa chip card …