Acquiring

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 …

Shell Oil Co. and General Motors Inc. announced Shell stations across the United States now accept in-dash fuel payments following tests earlier this year. Shell Pay & Save, available within the GM Marketplace on certain Chevrolet, Buick, GMC, and Cadillac vehicles, enables consumers to pay for fuel and earn and …

Payment Alliance International, the Louisville, Ky.-based ATM operator, is in the midst of a strategic shift, one that has seen three top executives resign from the firm. John J. Leehy III, president and chief executive, Greg Sahrmann, executive vice president and chief operating officer, and Donna Embry, chief payments advisor, …

Paysafe Group said it is rebranding merchant acquirer iPayment Holdings Inc. as Paysafe “with immediate effect.” Paysafe acquired iPayment this spring for undisclosed terms. Rewards platform provider Cardlytics Inc. said revenue from Cardlytics Direct, the company’s primary product, hit $35.1 million in the second quarter, up 21% from a year …

Don’t look for many optimists in the payments industry when it comes to a future with less fraud. Fully 84% of those surveyed by TD Bank say payments fraud will become a bigger threat over the next one to two years. Released Tuesday, the survey, conducted this spring at the …

The boycott of Visa credit cards by The Kroger Co.’s Foods Co chain in central and northern California began Tuesday as planned, but the parent company still won’t say whether the boycott will be expanded to its many other units. Citing what it calls high costs to accept Visa credit …

Citcon USA LLC, a cross-border mobile-payment and marketing company, said its service will be enabled at various Mall of America merchandise shops and guest services and in the Nickelodeon Universe theme park inside the Bloomington, Minn., mall. Citcon’s service enables Chinese tourists to find merchants that accept Alipay and WeChat Pay. …

Point-of-sale system provider POSaBIT Inc. announced nine stores of the Starbuds recreational marijuana-dispensary chain will use its POS system. Though POSaBIT, in its press release, did not disclose specifically which payments Starbuds will accept via the POS system, its Web site lists debit card and cryptocurrency acceptance as alternatives to …