Square Inc. has been a non-traditional merchant acquirer since its birth nearly a decade ago, and a wave of industry mergers won’t change that, according to chief executive Jack Dorsey.  “I do think we will continue to see consolidation, but that doesn’t worry me,” Dorsey, who also is Twitter Inc.’s …

The Fed’s latest probe into debit card costs and revenues has merchants clamoring for lower regulated interchange. Merchants have said it before, and they’re saying it again: It’s high time the Federal Reserve lowers its regulated debit card interchange rate. The call by the Retail Industry Leaders Association came shortly …

With almost 18 months to go, the petroleum industry is having a hard time with a crucial EMV deadline. Not many gas stations are expected to make it. Here’s why. It’s halftime in the runup to the October 2020 deadline set by Visa Inc. and Mastercard Inc. for gas stations …

Talk about an anticlimax. Did anyone really notice that on April 1 the Consumer Financial Protection Bureau’s long-dreaded diktat regulating the prepaid industry finally took effect? We took note of the event, of course, in our daily news service, Digital Transactions News, because that’s our job. But though we bent …

Core processor Fiserv Inc. continues to expect its $22 billion deal to acquire First Data Corp. will close in 2019’s second half despite a U.S. Department of Justice inquiry about the merger, Brookfield, Wis.-based Fiserv reported Tuesday. The Justice Department asked for more information and documents on April 4, though …

Boosted in part by transit systems and other merchants adopting contactless payments, the Apple Pay mobile-payments service had another quarter of record volume and is heading for a milestone this year, Apple Inc. chief executive Tim Cook said Tuesday. “Apple Pay transaction volume more than doubled year-over-year, and we are …

Mastercard Inc. has been active on the mergers-and-acquisitions front lately, and that’s going to continue, according to company president and chief executive Ajay Banga. The acquisitions typically involve financial-technology firms in all corners of payments. Just two weeks ago, Mastercard announced that it had acquired Vyze Inc., the provider of …

Fidelity National Information Services Inc. (FIS) on Tuesday said it expects to close its colossal $43 billion acquisition of payment processor Worldpay Inc. in the third quarter following a Federal Trade Commission ruling. The merger, announced in March, would create a processing colossus with payments services ranging from merchant processing, …

Merchants and card issuers long ago discovered the value of cash in driving transaction volume, but on Thursday Discover Financial Services demonstrated how expensive some rewards categories can be. Discover reported $677 million in discount and interchange revenue for the first quarter, up 5% from the same quarter last year. …

Former Heartland Payment Systems Inc. chief executive Robert O. Carr has agreed to pay a $250,628 civil penalty to settle an insider-trading complaint filed by the Securities and Exchange Commission, according to court documents filed this week. Carr did not admit or deny the SEC’s allegations, according to filings in …