Convenience stores saw their payment card acceptance costs rise nearly 10% in 2018 even though sales increased only 9%, according to data reported Wednesday by the trade association NACS. NACS, formerly known as the National Association of Convenience stores, says credit and debit card fees paid by its members rose …

Apple Inc.’s forthcoming Apple Card is another push from the computing giant to move payments into a digital realm under Apple’s control, according to analysts. Apple last week announced the card, which bears a Mastercard Inc. brand and will be issued by Goldman Sachs Group Inc. The product, which eschews …

Mark the latest data breach as another conquest for hackers. Earl Enterprises, owner of the Buca di Beppo, Bertucci’s, Planet Hollywood, and the Earl of Sandwich restaurant chains, among others, said point-of-sale malware captured credit and debit card information from May 23, 2018, through March 18, 2019, at a variety …

Few foresaw this combination, but the deal is far from baffling once you understand Fiserv’s history and long-term strategy. Every so often, a deal comes along that makes the market take notice. One such moment was the announcement in January of the Fiserv Inc.-First Data Corp. multibillion-dollar acquisition/merger. Essentially, the …

Apple Inc. has been working on a payment card product with Goldman Sachs Group Inc. for at least a year, and on Monday the computer company that did much to put mobile payments on the map announced the results of that collaboration. Cobranded with Goldman and running on the Mastercard …

Thirty-five merchants in the Silicon Valley area are accepting the new Yosemite Card, which caps acceptance fees at 0.3%. The private credit card can do that because it uses blockchain technology to manage transactions. Typical discount rates for network-branded credit cards range from 2% to 3% or more. Palo Alto, …

Mastercard Inc. announced contactless-payment capability will go live in 20 U.S. cities “within the next few years,” starting with subway and bus systems later this year in New York City, where the company is working with transit-technology firm Cubic Transportation Systems. Bitmo, a startup that offers mobile gift cards that …

The other shoe has dropped. Fidelity National Information Services Inc.’s $43-billion cash-and-stock deal to acquire Worldpay Inc., announced early Monday, will create a processing behemoth that will compete globally across a sweeping range of payments businesses, including merchant acquiring, e-commerce, faster payments, and core processing. And though the bosses of …

In a time when criminal access to consumer data has never been more common, merchants continue to experience pervasive and persistent fraud attempts. That’s the key takeaway from the 2019 sixth annual Fraud Attack Index from Forter Inc. released Thursday. How bad is the problem? Fraud grew in 2018 in …

The Trump administration is considering sanctions that would ban Visa Inc., Mastercard Inc., and financial institutions from handling transactions in Venezuela, according to Reuters. The move would be aimed at restricting the ability of the Venezuelan government, headed by embattled president Nicolas Maduro, to access funds. IBM Corp. may be …