Merchant-payments provider iPayment Inc. is getting into the burgeoning merchant cash-advance business with iPayment Capital, a new unit expected to come online in the fall. Headed by former Bizfi executive Tomo Matsuo, the unit will initially focus on the funding needs of iPayment’s 137,000 merchants. IT security professionals are struggling to respond to cybersecurity …

Factor4 LLC, which offers a white-label gift card and loyalty solution to independent sales organizations and small businesses, has integrated its platform with Click a Waiter Inc., an online-ordering service for restaurants. Payments provider Merchant Consulting Group Inc. announced its payments service will be integrated into Parkloco’s parking-focused software. Processor JetPay Corp. said second-quarter …

Consumer revolving credit outstandings, most of which are credit card debt, hit a record $1.02 trillion in June, the Federal Reserve reported this week. The new high is 0.1% higher than the old record set in April 2008, just as the financial crisis of 2008-09 was gathering steam. Relying on leaked …

Mobile point-of-sale services provider CardFlight Inc. announced that payments provider Central Payment will offer CardFlight’s SwipeSimple mPOS reader to merchants. Fidelity National Information Services Inc. (FIS) said home-improvement retailer Lowe’s will use FIS’s BizNOW prepaid service—labeled as Lowe’s PreLoad—to enable contractors to automate their purchasing activities, eliminating the need for their employees to …

Declining use of cash at Atlanta’s Hartsfield-Jackson International Airport has prompted the Atlanta City Council to re-bid a contract for banking services at the world’s busiest airport after only one bank, SunTrust, responded to the original proposal, the Atlanta Journal-Constitution reported. The incumbent, Wells Fargo, claims ATM revenues have declined and that its …

Worldpay has asked for second extension, this time to Aug. 11 after a first one to Aug. 8, of a British regulatory deadline as Worldpay and Vantiv Inc. executives put the finishing touches on Vantiv’s proposed $9.9 billion buyout offer for the London-based merchant acquirer. Reuters reported that the companies expect to announce a final …

MoneyGram International Inc. reported second-quarter revenue of $410 million, flat with 2016’s second quarter on a constant-currency basis. Digital money-transfer revenue increased 10% and now accounts for 15% of total money-transfer revenue. Net income doubled to $6.2 million. In May, MoneyGram shareholders approved a merger of MoneyGram with Ant Financial Services Group, …

Payments provider National Merchants Association announced it is using the PhoeniXGate gateway from Phoenix Managed Networks. Fleetcor Technologies Inc., a vendor of commercial-payment technology, reported second-quarter results, including a year-over-year increase of 29.5% in total revenue to $541.2 million and GAAP net income of $131 million, up 12.7%. The Western Union Co. reported …

Ingenico Group said retailer City Furniture is using Ingenico mobile point-of-sale readers and software services as part of its new POS system used in its 27 stores. Payment card manufacturer CPI Card Group Inc. reported second-quarter sales of $65.8 million, down 10.7% from the same period last year. Its net loss was $2.2 …

Mobile-payments specialist xPressTap Inc. launched its Tap2App product that enables merchants to accept contactless card payments wirelessly using a near-field communication-equipped mobile device. American Express Co. said it now provides an integrated service to MineralTree, an accounts-payable service, to ease business-to-business payments. Payments provider Integrity Payment Systems announced a partnership with Operation First Response, a …