Acquiring

U.S. consumers are apt to have more money—$485 on average—in their PayPal Holdings Inc. accounts than cash in their wallet, $196, finds the Future of Money Study from Logica Research. San Francisco-based Logica Research, formerly Koski Research Inc., also found that 58% of Americans have a PayPal account. A number of …

Finalsite, a marketing and communication platform for the education industry, launched Finalsite Payments by integrating BlueSnap’s Payments for Platforms service. Fiserv Inc. introduced enhanced authentication techniques specifically aimed at call-center fraud. Mercator Advisory Group Inc. released its “U.S. Faster Payments Forecast, 2017-2021, Update: The Consequences of Faster Payments” research report. …

Notoriously picky about which payment forms it accepts, Costco Wholesale Corp. is now accepting Apple Pay, Google Pay, and Samsung Pay in its U.S. stores. With 519 locations, Issaquah, Wash.-based Costco is the nation’s third-largest brick-and-mortar retailer, according to the National Retail Federation. In its warehouse-like stores, it accepts debit …

Payment-processing technology company Pineapple Payments has acquired payment-gateway provider Transax for undisclosed terms. The deal represents the fifth acquisition this year for Pineapple, which says it is processing $3 billion in annual volume for more than 13,000 merchants. Payments-technology provider linked2pay introduced what it calls instant merchant settlements for credit …

As of Monday, point-of-sale terminal maker Verifone Systems Inc. once again is a privately-held company. Announced in April, the $3.4 billion deal also sees Michael Pulli, former chief executive of Pace plc, step into the same role at San Jose, Calif.-based Verifone, replacing Paul Galant, who became CEO in 2013. Galant …

Glance Technologies Inc., developer of mobile-payment service Glance Pay, announced a cross-licensing and cobranding agreement with Brewhound Inc., maker of the restaurant and bar locator The Happy Hour App. The dual integration means consumers using Brewhound’s app in the Vancouver, British Columbia, area can locate venues that accept Glance Pay, while …

Priority Technology Holdings Inc., the new corporate name for Priority Payment Systems following a deal with M I Acquisitions Inc., announced the acquisition of RadPad and Landlord Station, business software for landlords. Just a day after the FBI warned bankers about a looming malware scheme to make ATMs dispense cash …

Interchange on debit card transactions has changed relatively little in the nearly seven years since the Durbin Amendment to the 2010 Dodd-Frank Act took effect, but a Federal Reserve report notes one small but interesting recent change. The average interchange fee in 2017 for dual-message transactions on debit cards regulated …

In the wake of a major European outage for Visa Inc. this spring, major U.K. banks reported they had sustained a total of 80 “operational and security incidents” within their payments systems during the second quarter of 2018. British regulators this week began requiring banks to publicly disclose major incidents …

Payment processor First Data Corp. reported late Wednesday that it has extended its joint venture with Wells Fargo & Co.’s Wells Fargo Bank, which is one of the nation’s largest merchant acquirers and an important contributor to First Data’s payment volume and profits, until the end of 2024. Wells Fargo …