Acquiring

Ackroo Inc., a Canadian gift card and loyalty platform, announced early Friday it has reached a “definitive” agreement to be acquired by Paystone, a Canadian-based gift card and loyalty processor, in an all-cash deal for $21 million. Paystone will acquire all of the issued and outstanding shares of Ackroo at …

The American Bankers Association on Thursday issued a long and detailed letter it has sent to the Federal Reserve Board to argue its case against a Fed proposal that would reduce a longstanding cap on the interchange banks can earn on debit card transactions. The ABA’s action follows an analysis …

So-called hidden costs—such as overdraft charges, late fees, and identity fraud—linked to bill payments amount to $196 billion on an annual basis, up 18% from last year, according to a study from bill-payment platform doxo. Mastercard Inc. released its 2025 payment trends forecast that discusses AI, small business, and contactless payments, which …

Canada-based processor Nuvei Corp. announced an expansion of its Google Pay offering to merchants throughout Latin America. The company already offers the wallet in the U.S., European, Asia-Pacific, and Australian markets. Grocery e-commerce platform eGrowcery said it and Forage, a payments provider that can process online EBT SNAP payments, are working on a service …

HungerRush, a provider of restaurant-management and online-ordering solutions, has sought to strengthen its hand in the highly competitive restaurant point-of-sale market with the launch of a new order-management application. Called Order Notifications, the app automates order status by automatically sending customers text updates on the status of delivery and pickup …

Merchants using the CardFlight SwipeSimple app have gained easier access to managing customer data and a way to charge to card-on-file credentials. In related acquiring news, Bill Holdings Inc. launched its 1099 Filing service, which enables small businesses to simplify their 1099 taxes. New York City-based CardFlight says the new …

Fiserv Inc. is expanding a relationship with fintech COCC to include cloud-based financial tools and fintech integrations for financial institutions. Xsolla, a commerce platform provider for video games, is working in Poland with Mastercard Inc. and Alor Bank to allow the bank’s Mastercard cardholders to redeem loyalty points for in-game purchases. …

SurgePays Inc. is integrating its ClearLine marketing platform with Fiserv Inc.’s Clover point-of-sale technology set. The integration will enable small and mid-size merchants to deliver marketing and customer-engagement strategies at the point-of-sale. The integration adds value to independent sales organizations’ offerings by providing advanced marketing capabilities at the point of …

Restaurant server tips averaged 18.8% in the third quarter, unchanged from the second quarter, according to data from Toast Inc.’s Q3 2024 Restaurant Trends Report. The research gathered data from approximately 127,000 locations served by the Toast payments platform. Amazon.com Inc.’s Amazon Seller Central will integrate AI-based payments and financial-management tools from Intuit Inc. …

Financial firms live and die by their reputation. While we know that, with credit unions, insurance companies, and holding companies, the result of a cyberattack could mean funding challenges, reputational damage, and even insolvency, what many don’t know is that, today, around 70% of business risks enter through an endpoint …