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 …

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 …

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 …

The pending acquisitions of two leading merchant processors by two leading core financial-institution processors are a “good thing,” Visa Inc. chief executive Alfred F. Kelly Jr. said Wednesday.  “We’ve got very good relationships and a lot of history with all four of these players,” according to Kelly. His comments came …

The bank-sponsored Zelle person-to-person payment service continued on its growth trajectory in the first quarter, with transaction volume up more than 70% and payment volume rising more than 50%. Zelle provider Early Warning Services LLC reported Wednesday that first-quarter payment volume hit $39 billion, a 54% increase from just over …

The surprising revelation by J.C. Penney Co. Inc. over the weekend that it had ceased acceptance of contactless payments unmasked the little-noticed ability of contactless mobile wallets to work with point-of-sale technology that far predates them but which Visa Inc. wants banished. The blend of old and new has worked …

Department-store chain J.C. Penney Co. Inc. confirmed over the weekend that it no longer accepts Apple Inc.’s Apple Pay mobile-payment service. The move appears to involve a Visa Inc. contactless rule that took effect this month that may have broader implications for U.S. retailers. The confirmation came in a tweet …

Coffee, doughnut, and breakfast sandwich aficionados can now pay with credit and debit cards and even cash and still earn points in Dunkin’ Brands Group Inc.’s DD Perks loyalty program at more than 1,000 test stores, Dunkin’ announced this week. DD Perks is one of the nation’s largest rewards programs, …

The Zelle person-to-person payments service continues to boom for one of its biggest participants, Bank of America Corp., where transaction volume more than doubled in the first quarter. BofA reported Tuesday that its customers sent or received 58.1 million Zelle transactions via email addresses or mobile-phone numbers, up 103% from …