Acquiring

An investor group led by Priority Technology Holdings Inc. chairman and chief executive Thomas Priore will take the processor private in a deal valued at $1.6 billion, or $8.05 per share in cash, Priority announced early Monday. The company’s closing share price on Friday was $5.83. The agreement follows a …

In a proposed settlement, the payment platform Corpay Inc. agreed to pay $100 million to the Federal Trade Commission to resolve FTC allegations that the company had used false marketing and unfair billing practices. The proposal is subject to final approval from the FTC after a period of public comment. Payroc World …

Quill Bank announced it has launched its Acquiring Line of Business unit to serve payment facilitators, ISOs, ISVs, and fintechs, and has named payments veteran Deborah Camm senior vice president and head of acquiring. Alchemy, a technology developer for agentic commerce and onchain transactions, announced an integration with Mastercard Agent Pay …

Square is making a big play for independent sales organizations, a merchant-sales model it shunned 16 years ago in favor of direct acquiring. Square, the point-of-sale and acquiring unit of Block Inc., is one of the sponsors of the Western States Acquirers Association conference this week in Palm Desert, Calif. …

Digital-payments platform Input 1 will work with OneShield, a technology provider for the insurance industry, to allow insurance companies to use Input 1 as an integrated service with OneShield. Guesty, a management platform for short-term rentals, announced it has closed on its acquisition of Smily, a developer of property-management technology. Both systems …

American Water, said to be the largest regulated water and wastewater utility in the U.S., has adopted VXconnect from software developer VertexOne. VXconnect offers a mobile app by which customers can manage payments. Toast announced it has signed Kung Fu Tea for point-of-sale payments processing and related technology. Kung Fu Tea operates 330 …

Payments processor Talus launched ReadyPoint, an offering that allows merchants to accept payments on mobile phones through softPOS tap-to-pay technology from Ingenico. A new report from Visa Inc., called “The Great Indoors: How the ‘Couch Economy’ Is Redefining Consumer Spending Habits,” found that more than 17% of payment cards are used for streaming …