Acquiring

Issuer and acquirer American Express Co. said its global third-quarter discount rate—what merchants pay to accept the brand’s credit cards—was 2.39%, a slight increase from 2.38% a year ago. The uptick comes more than a year after AmEx said it would shave its worldwide discount rate in an effort to boost …

With a proxy fight looming, vending-machine payments provider USA Technologies Inc. announced late Thursday that chief executive Stephen P. Herbert has resigned. Herbert, a former Pepsi-Cola executive, spent 23 years with Malvern, Pa.-based USAT, including eight as CEO. USAT’s board of directors named one of its members, Donald W. Layden …

Galileo Financial Technologies, a 19-year-old developer of application programming interfaces for payments, announced a $77 million institutional funding round led by venture-capital firm Accel.Flowhub Holdings Inc., provider of a management platform for cannabis retailers, announced a Series A funding round whose participants included Iqram Magdon-Ismail, the co-founder and former CEO …

Twenty-one percent of consumers used a mobile app to pay a bill in 2019’s first quarter, up from 19% in the year-earlier period, according to a survey of more than 3,000 consumers by ACI Worldwide Inc. Meanwhile, 28% used a paper check, down from 32% a year earlier, according to the ACI …

Days after launching services that allow users to make international remittances and use a virtual prepaid card for payments, Samsung Electronics Co. launched Samsung POS, an app that it says will let merchants accept near-field communication payments on their mobile devices. Developed with payments-technology firm Mobeewave, Samsung POS is aimed at micro-merchants and other small …

Visa Inc., Mastercard Inc., merchant processor Stripe Inc. and online marketplace eBay Inc. said Friday afternoon they will not join the Facebook-backed Libra cryptocurrency project. The defections came a week after PayPal Holdings Inc. became the first of the Libra Association’s 28 tentative members to withdraw in the face of …

Payments companies drove merger-and-acquisition activity in the financial-technology sector in 2019’s first nine months, according to a new analysis. Payments firms were involved in four of the top 10 deals tracked by New York City-based investment bank Berkery Noyes Securities LLC. The value of the payments mergers totaled $94.1 billion, …

Payments provider Fattmerchant launched an online-reviews integration feature, which provides merchants the ability to view and respond to reviews, such as those on Google, within the Fattmerchant platform.Aiming at hourly workers, a startup called Branch launched a free digital checking account and a debit card through Evolve Bank & Trust and Mastercard Inc.Cybersecurity firm GM …

Rabble Wine Co. said it now accepts more than 40 cryptocurrencies on its Web site and in its tasting room via an integration with CoinPayments Inc.Consumer revolving credit contracted by 2.2% in August on a seasonally adjusted annualized basis following July’s 10.5% increase, the Federal Reserve reported. The Fed estimated revolving credit outstandings, …

Unattended-payments provider USA Technologies Inc. announced late Wednesday that it has filed overdue financial reports for its fiscal years 2019 and 2018 ended June 30, as well as several late quarterly reports. The company also restated financial data for some periods dating back to fiscal 2015. The new filings and …