Acquiring

The top 50 originating institutions for automated clearing house transactions accounted for 23.1 billion payments in 2020, up 8.6% over 2019 and nearly 93% of all commercial ACH payments, according to Nacha, the governing body for the ACH. The 50 largest receiving institutions controlled 61.2% of volume with 16.4 billion payments, …

Continuing its push to make cryptocurrency a mainstream payment option, PayPal Holdings, Inc. on Monday announced that it will accept cryptocurrency at checkout.  The move builds on PayPal’s strategy of increasing the utility of cryptocurrency so it can become a mainstream payment option. PayPal took the first step in that …

The Walgreens pharmacy chain said it will launch a bank-account offering through payments provider InComm Payments that will also feature a MetaBank-issued Mastercard debit card that will allow users to earn rewards through the Walgreens loyalty program. The pharmacy chain will also re-launch its gift card program through InComm.In related news, InComm …

Seeking to reduce merchant-account fraud, also known as merchant bust-out fraud, and provide merchants with a way to authenticate consumers, payments-technology provider On The Fly POS is adding Ipsidy Inc.’s Identity as a Service (IDaaS) biometric identity-verification technology to its platform. Ipsidy’s app validates a merchant’s identity by comparing a …

Amadis, Advanced Mobile Payment Inc., and Texas Engineering Consulting Systems and Services said they launched the jointly-developed EMVMadeEZ, a pre-certified EMV migration product for automated fuel dispensers. The product enables convenience store operators, small chains, and single gas station owners with an EMV-at-the-pump service.Payments-technology provider AEVI International GmbH said it is …

Fiserv Inc. is adding more muscle to its payments-processing business, particularly with respect to integrated payments and relationships with independent software vendors. The big financial-services technology company announced Thursday afternoon it has agreed to acquire Pineapple Payments, a 5-year-old payments processor, for undisclosed terms. The deal is expected to close …

Ternary Developments Inc. has joined the Stripe Partner Program, which enables clients to accept online payments via Stripe Inc. Ternary provides a cloud-based platform for Discord social-engagement communities.Appetize Technologies Inc., a provider of management software for the food-and-beverage industry, announced integrations with payments processor Paytronix Systems Inc., gift card provider Givex Inc,, …

Veteran payments practitioners will recall that, “in the beginning,” issuers paid interchange to merchants to incent them to accept credit card payments from the incipient Visa and Mastercard networks.  By the inception of electronic draft capture (circa 1980), that acceptance was growing to a critical-mass level nationwide, and by the late …

News late Wednesday that the U.S. Securities and Exchange Commission is inquiring into a newly popular alternative for going public comes as payments firms increasingly turn to the method in lieu of a traditional public offering. Reuters reported late Thursday the SEC is contacting Wall Street financial institutions to ask …

Shift4 Payments Inc. said it will process all payment transactions at Petco Park, home of the San Diego Padres. The deal follows Shift4’s expansion into stadiums and other venues through its recent acquisition of VenueNext Inc.Payments provider SignaPay Ltd. announced a partnership with Valor PayTech to provide Valor’s countertop, handheld, and PIN pad equipment …