Uber and mass-transit software developer Masabi Ltd. have struck an agreement that will allow transit tickets and passes to be displayed on Uber’s mobile app. Masabi’s apps and software systems for transit are used in 30-plus metropolitan areas, including on the Metro-North and Long Island Rail Road commuter-rail systems in …

The Dutch payments provider Adyen stole headlines in February with its agreement to be the processor behind eBay Inc.’s ambitious new payments platform, and this week news emerged that it could be ready for yet another big move—an initial public offering. The Amsterdam-based company, which maintains a U.S. headquarters in …

  Todd Linden, CEO of Payment Processing North America at Paysafe For a long time now, Independent Sales Organizations (ISOs) and Independent Software Vendors (ISVs) have supported the retail sector in providing individual merchants with the payment systems they need to meet customer demand. ISOs have provided merchants with their …

The nation’s automated clearing house network is on a tear. Transaction volume grew by 6.3% for the fourth quarter of 2017 and by 5.7% for the full year, according to numbers released late Tuesday by NACHA, the governing body for the ACH system. All told, the network handled $46.8 trillion …

VeriFone Systems Inc. once again is preparing to become a privately held enterprise, according to Monday’s announcement that an investor group led by Francisco Partners has agreed to buy the point-of-sale terminal and services provider for $3.4 billion. The deal, expected to close in the third quarter, values each VeriFone …

The mere hint that Amazon.com Inc. could add a person-to-person payments function to its Alexa voice-commerce service was enough early Friday to shave value off of the shares of PayPal Holdings Inc. and Square Inc., both of which offer P2P networks. At mid-morning, Square’s shares were down more than 3% …

Payment card networks and merchant acquirers still don’t have a solid read about how many merchants will take advantage of the networks’ new signature-optional policies that take effect this month. A merchant trade group, however, expects more than half of its members will cease requiring cardholder signatures at the point …

A vendor that provides online chat services for customer acquisition and engagement appears to be the common thread in breaches disclosed Wednesday by Delta Air Lines Inc. and Sears Holdings Corp. The service provider is [24]7.ai Inc., a San Jose, Calif.-based company that provides services like virtual chat agents and …

In the increasingly competitive market for tabletop point-of-sale terminals, providers are looking for some magic. One of them, Redwood City, Calif.-based E la Carte, said this week it is changing its name to Presto, which means “fast” in Italian, as the company points out, but also adds that the word …

Point-of-sale integrators, help desks, and other computer-related service providers for businesses, look out—the hackers are after you. The new Global Security Report 2018 from Chicago-based Trustwave says service providers were involved in 9.5% of the 700-plus data compromises the firm investigated in 2017. In 2016, service providers played a role …