Acquiring

The number of U.S. merchants that accept EMV chip cards at the point of sale is increasing rapidly, according to recent figures from Visa Inc.,  but it’s going to take some work by merchant acquirers and payment card networks to convince the holdouts to convert. Executives from two of those …

Mastercard Inc. and PayPal Holdings Inc. announced they have extended to Canada, Europe, Latin America, the Caribbean, and the Middle East an agreement first reached last year for the U.S. market that clarifies Mastercard as an equal payment option in the PayPal wallet and gives PayPal access to Mastercard’s tokenization …

NCR Corp. is entering the fray to get payment-processing deals with micromerchants. The Duluth, Ga.-based point-of-sale technology company this week launched Ring Up by NCR Silver, a POS service specifically designed for merchants with less than $100,000 in annual revenue. The service uses a magnetic stripe and EMV-compatible Bluetooth reader …

Merchant processor Worldpay participated in a funding round for machine-learning startup FeatureSpace and agreed to deploy the company’s technology for fraud prevention. Worldpay, which this summer agreed to be acquired by rival processor Vantiv Inc., did not disclose the amount of its investment. Merchant processor Elavon introduced Scoop, a program …

What role government regulators should play as financial-technology companies increasingly challenge banks with new services for consumers and merchants is generating more debate in the electronic-payments industry. At a forum Tuesday, regulators said they want to encourage innovation while protecting consumers, but an executive with an online business lender argued …

SignUpGenius Inc., an event-organizing service, is now using WePay Inc. for its payment-processing services. The integration, announced Monday, means event organizers can collect payments for ticket sales, event registration, capital campaigns, and business services, SignUpGenius says. Charlotte, N.C.-based SignUpGenius says as many as 12 million persons use its online tools …

Shopify Inc. said it is expanding a service that will let Instagram users buy products from select merchants without leaving the Instagram app. The service, which Shopify has been testing since early this year, lets merchants tag their posts to connect users to their catalogs. The photo-sharing service Instagram, owned by …

Shares of payments companies outperformed the general stock-market indexes in September, and beat most of them in the third quarter and the year so far, investment firm Barrington Research reported Monday. A group of 29 payments stocks posted a mean return of 2.74% in September, its ninth straight month of …

EMV chip card payments at the U.S. point of sale have been around, officially at least, for two years now, but consumers still perceive them as slow, and many merchants still don’t accept chip cards, according to a poll of consumers and retailers by merchant processor Cayan. The time to …

While denying any wrongdoing in the matter, card manufacturer CPI Card Group Inc. settled two patent lawsuits with Gemalto S.A. Under the terms of the settlement, CPI Card Group agreed to make a one-time $750,000 payment in the fourth quarter. Both lawsuits will be dismissed and both parties agreed not …