Acquiring

LevelUp announced 25 more restaurant companies as clients of its mobile-ordering and -payment app. These include national brands Smoothie King and Zaxby’s. ParTech Inc., a vendor of point-of-sale software to the restaurant and retail industries, launched PAR Pay, an EMV-capable processing solution for credit, debit, and stored-value cards. ParTech is …

Data breaches at restaurants and hotels are nothing new, but a just-out report from Verizon Communications Inc. shows how extensively the hospitality industry gets hit by hackers. New York City-based Verizon, which besides telecommunications has a large business in investigating data breaches, says in its latest annual breach study that …

The Dutch payments processor Adyen is considering an initial public offering in June that could value the company at between $7 billion and $11 billion, Reuters reported. Adyen, whose U.S. operation is based in San Francisco, recently won a contract to process transactions for eBay Inc., which will start moving …

Payments companies wondering how digital payments will evolve and what impact today’s younger consumers might have as they age may want to consider the role of apps, suggests the “Future of Money Study 2018” from Koski Research Inc. San Francisco-based Koski, in research that included 1,000 U.S. adults and a …

Mi9 Retail, a vendor of point-of-sale software, announced an integration that will allow merchants to process transactions through payments provider Adyen’s platform. Mi9 serves more than 450 retail businesses globally. Mastercard Inc. said Phillips 66 later this year will integrate Masterpass into the My Phillips 66 app, which will allow …

Merchant processor Fattmerchant said its payments services will be available for clients of eConduit, which provides cloud-based connectivity for point-of-sale terminals used with POS systems, through sales partners. Dallas Fort Worth International Airport has begun a program that allows users to select a parking space online and prepay for it …

Payment card networks and merchant acquirers still don’t have a solid read about how many merchants will take advantage of the networks’ new signature-optional policies that take effect this month. A merchant trade group, however, expects more than half of its members will cease requiring cardholder signatures at the point …

In the increasingly competitive market for tabletop point-of-sale terminals, providers are looking for some magic. One of them, Redwood City, Calif.-based E la Carte, said this week it is changing its name to Presto, which means “fast” in Italian, as the company points out, but also adds that the word …

New York’s comptroller, who oversees the state’s public pension funds, last week sent letters to the four general-purpose card networks, three of the nation’s biggest banks, and First Data Corp. and Worldpay Inc. asking them to assess whether gun sales should be considered restricted high-risk purchases, Bloomberg reported. New York’s letter comes …

Point-of-sale integrators, help desks, and other computer-related service providers for businesses, look out—the hackers are after you. The new Global Security Report 2018 from Chicago-based Trustwave says service providers were involved in 9.5% of the 700-plus data compromises the firm investigated in 2017. In 2016, service providers played a role …