Some 61% of consumers surveyed in the fourth quarter by New York City-based Auriemma Consulting Group cited a debit card as their most frequently used card, up from 52% a year earlier. Only 24% named a credit card, down from 35% at the end of 2016. “Based on our consumer …

More sales on its commerce platform and more payment-processing business from its merchants translated into a 71% revenue increase for Shopify Inc. in the fourth quarter. And the big merchant acquirer Global Payments Inc. reported Thursday that its North American revenues grew 9% in the quarter. Ottawa, Ontario-based Shopify, which …

Online and mobile offers provider Groupon Inc. reported Wednesday that 2.7 million Visa and Mastercard card holders are using its new Groupon+ service to get discounts at restaurants without presenting a voucher. And wire-transfer provider The Western Union Co. says its online consumer-to-consumer payment transactions rose 22% in the fourth …

Mobile-authentication technology provider Payfone Inc. has raised another $23 million in a new funding round that included retail card payment services provider Synchrony Financial. The exact investment from Synchrony Ventures, Synchrony Financial’s venture-capital arm, wasn’t disclosed in Tuesday’s announcement. An undisclosed institutional investor led the funding round. In addition to …

First Data Corp.’s struggling merchant-acquiring joint ventures with three big banks are showing nascent signs of a turnaround, and business is booming in the company’s prepaid card unit, top executives reported Monday. The Atlanta-based processor reported last year that new merchant referrals from its big joint ventures with The PNC …

ATM manufacturer NCR Corp. reported Thursday that its ATM revenues declined 21% in the fourth quarter, but point-of-sale hardware revenues grew 23%. Total revenues at Atlanta-based NCR came in at $1.78 billion, down 1% from $1.8 billion in 2016’s fourth quarter and off 3% on a constant-currency basis. The company …

The prepaid market can expect to grow more than 7% annually over five years, but unlike its early days in which plastic gift cards and government payments dominated, much of the growth will come from new virtual uses for prepaid products, according to a new Aite Group LLC report. Boston-based …

Fresh from its $85 million acquisition of Cantaloupe Systems Inc., USA Technologies Inc. reported Thursday that it added 311,000 net new connections to its network of vending machines and other unattended card-accepting merchant locations in the quarter ended Dec. 31. Approximately 270,000 of the new connections came from Cantaloupe, a …

Criminals target signature-based debit cards for fraud attempts far more than any other payment method, according to new findings from the Federal Reserve Bank of Minneapolis. The Minneapolis Fed’s survey last summer, which garnered responses from 283 banks and credit unions across the country, found that more than 90% of …

In an effort to streamline operations, Interac Association, Canada’s nationwide debit network, and its corporate cousin Acxsys Corp. have reorganized into a single entity known as Interac Corp., the company announced Monday. “This is an important milestone for Interac and a critical step in our continued success as one of …