Acquiring

Barely three months since taking over the top spot at PayPal Holdings Inc., Enrique Lores is heading up a reorganization of the venerable payments company. Announced late Wednesday following a CNBC report earlier in the day, PayPal says it will migrate to a three-business operating model. The three are checkout …

Shift4 Payments Inc. said it will provide point-of-sale services at Wrigley Field, home of the Chicago Cubs Major League Baseball team, and at Gallagher Way, the entertainment district adjacent to the ballpark. American Express Co. announced new and beefed-up benefits to mark the 60th anniversary of its gold card, including quintupled membership …

Stripe Inc. has notched money-transfer services as a customer category with MoneyGram’s adoption of the payment processor’s technology for its retail locations. Additionally, Lightspeed Commerce Inc. is selling Upserve, a hospitality point-of-sale platform it acquired in 2020. Dallas-based MoneyGram International Inc., which went private in 2023, says it will use …

Two major providers of point-of-sale payments technology announced early Tuesday they are expanding key initiatives that have been long in development. For one of these providers the expansion goes well beyond payments. Block Inc.’s Square POS unit launched its Managerbot technology among sellers participating in an open beta. Based on Square …

The FIDO Alliance said it will develop interoperable standards for agentic interactions and commerce and has formed the Agentic Authentication Technical Working Group to oversee that effort. BlueSnap, a unit of Payroc, said it now provides local acquiring services in New Zealand. This enables BlueSnap to process payments through a domestic acquiring …

Electronic Verification Systems launched AssureACH, a service to prevent fraud at the point of capture. Among its features are real-time demand deposit account and routing number validation. MiCamp Solutions has agreed to serve as an independent sales organization representing Vibe Retail, a developer of point-of-sale technology aimed at independent merchants. The Electronic Transactions …

The top brass at American Express Co. indicated early Thursday it’s been spending a good deal of time thinking about the implications of AI and agentic commerce, the shop-and-spend utility enabled by AI. Overall, the company’s conclusion is the technology will spur a boom not only for AmEx but for …

Citing network complexity, ACI Worldwide Inc. said its ACI Connetic, a single platform connecting to multiple major payments systems, now offers access to Fedwire, CHIPS, Swift, The Clearing House RTP, Zelle, and FedNow. A link to Nacha ACH is expected to go live next year. The service will also support stablecoin …

Nuvei Corp. is making its next move in Mexico with the launch of direct acquiring. This will enable businesses to process card transactions locally through Nuvei’s own licensed infrastructures, Montreal-based Nuvei says. The move enables Nuvei to operate directly inside domestic payment systems in Mexico, which should help merchants improve …