Acquiring

The same force that decades ago hit the streets and made credit and debit card acceptance nearly universal is revving up in a nascent effort to do the same for cryptocurrency. Aliant Payment Systems, a Fort Lauderdale, Fla.-based independent sales organization that has been marketing Bitcoin, Ether, and Litecoin acceptance …

Procrastination is no longer an option. Time to comply with the massive General Data Protection Regulation for businesses that collect data about European Union consumers has run out. And with the regulation going into effect Friday, many U.S. payments companies have found they, too, have had to change their data-collection …

Representatives of large retailers including Walmart Inc. and Home Depot Inc. met with federal regulators this week to voice their concerns about a common buy button for e-commerce under development by the major card networks, The Wall Street Journal reported. The retailers’ main concern reportedly is how a buy button …

Online lender Kabbage Inc.’s ambition to enter payment processing by the end of the year, reported this week by Reuters, is a logical extension of their current platform, but one clouded by a host of uncertainties and rife with potential missteps, according to experts contacted by Digital Transactions News. Nine-year-old …

Shares of processor EVO Payments Inc. began trading on the Nasdaq market Wednesday at an initial price of $16. The company put 14 million shares out to market, for expected gross proceeds of $224 million. In early trading Wednesday the stock was at $19.60, a 22.5% increase from its opening value. EVO …

Tablet-based point-of-sale provider ShopKeep Inc. announced it is introducing an Android version of its ShopKeep Register app, which up to now has been available only for Apple Inc.’s iOS operating system. The app will be available first on Clover devices from First Data Corp., which launched it for Clover Mini earlier …

Some 97% of Visa Inc.’s total U.S. payment volume stemmed from EMV chip cards in March, according to the card network’s latest periodic report on EMV’s progress in the United States. EMV volume totaled $70.7 billion, up from $4.8 billion in September 2015, the last full month before the country …

What do you get when you add 4 and 11? In the case of Worldpay Inc., it’s 1. The merged version of the former Vantiv Inc. and Worldpay plc moved to the number-one position in The Strawhecker Group’s annual directory of U.S. merchant acquirers. Released Monday, the directory ranks industry …

Payments industry veteran Dan Henry has been named chairman of 3PEA International Inc., a prepaid card program manager. President and chief executive Mark Newcomer, who co-founded the company and has served as chairman since 2006, will become vice chairman. Henry was until recently chief executive of prepaid card specialist NetSpend, …

The proliferation of smart watches, voice commerce, and vehicle-based payments has got merchants abuzz about the potential for making purchases more convenient. But securing these payments is a scattershot affair, with each provider wielding its own protocols, attendees learned at the CNP Expo this week in Orlando, Fla. Payments companies …