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- Atos, parent company of France-based processor Worldline S.A., said Worldline has a deal with payment processor First Data Corp. to buy First Data’s subsidiaries in Lithuania, Latvia, and Estonia, collectively known as First Data Baltics, for €73 million ($85.1 million) in cash. The acquisition comes little more than a week after Worldline announced it would buy Sweden-based Digital River World Payments from e-commerce services provider Digital River Inc.
- Vending machine payments provider USA Technologies Inc. said it generated $43.1 million in gross proceeds before underwriting expenses from its just-completed secondary stock offering. The offering consisted of 9.58 million shares sold at $4.50 per share and the full exercise of the underwriters’ option to buy 1.25 million additional shares from USAT.
- Visa Inc. announced a multiyear agreement with Marqeta Inc. that includes an investment in the company, which operates a card-issuing platform for merchants and other companies featuring prepaid, credit, and debit cards. The amount of the investment was not disclosed.
- In related news, Visa opened new processing centers in the United Kingdom and Singapore. The latter facility is Visa’s first data center supporting operations in Southeast Asia. The U.K. facility will support Visa’s absorption of Visa Europe, which was announced in 2015.
- Processor Total System Services Inc. (TSYS), which acquired merchant processor TransFirst in early 2016, reported that operating income in its merchant segment in the second quarter exceeded $100 million for the first time. Merchant transactions increased 6.4% year-over-year to 1.23 billion, and sales volume grew 9% to $31.1 billion.
- The U.S. Payments Forum estimates that between 45% and 50% of U.S. credit and debit card transactions are now “chip on chip,” meaning that the sale involved an EMV chip card read by a payment terminal capable of processing EMV transactions.
- Linked2pay, a provider of technology to process card, check, and automated clearing house transactions, has launched what it calls a white-label know-your-customer service aimed at originating depository financial institutions in the ACH network. The service supports payments underwriting and onboarding for ODFIs.
- Payments provider Sterling Payments Technologies announced it now supports the ROAMpay X5 mobile point-of-sale app from Ingenico Group.
- Launched early last year to allow employees to gain instant access to their wages, startup DailyPay announced it has processed 1 million payments through its platform.
- The city of Port Angeles, Wash., on Monday stopped accepting credit and debit cards for utility bills and other payments until further notice while city officials and the FBI investigate residents’ reports of possible card compromises, according to a local press report.
- Seeking to boost its European business, mobile-imaging and identity-verification software developer Mitek Systems Inc. appointed veteran technology executive René Hendrikse as vice president and managing director for its Europe-Middle East-Africa region.
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