Acquiring

When news broke last week that eBay Inc. will begin moving away from its tight embrace of PayPal Holdings Inc. for payment processing, investors immediately punished PayPal’s stock, interpreting the move as a big blow to the company’s business. But the frenzy of PayPal shorting may have overlooked one thing: …

Consumers may be ready to pull back from using credit cards if a survey from Auriemma Consulting Group is correct. Only 14% plan to increase their borrowing on credit cards in 2018, compared with 28% who said so in 2017. “Increased spending around the holiday season is normally predictive of greater …

Curiosity, and a bit of confusion, about what constitutes credit card surcharging and cash-discount programs surfaced this week at the Northeast Acquirers Association annual conference in Uncasville, Conn. During a panel discussion about the benefits and challenges of credit card surcharging and cash-discount programs for merchants, participants explained how their …

In advance of the Super Bowl on Sunday in Minneapolis, Visa Inc. said it has installed 700 upgraded point-of-sale terminals at U.S. Bank Stadium and additional POS devices at certain merchant locations in the city. The new devices are capable of handling contactless EMV transactions. An estimated 1 million people …

Federal regulatory initiatives targeting the payments industry may have abated, but a variety of others at the state level and in the court system could require reactions from payments providers. That’s the word from Scott Talbott, senior vice president of government affairs, who spoke Wednesday at the annual Northeast Acquirers …

Mastercard Inc. took an $873 million, one-time charge in 2017’s fourth quarter related to the new federal tax law, and the company reported Thursday that the cobranded Cabela’s Visa card will switch to the Mastercard brand. The Tax Cuts and Jobs Act that President Donald Trump signed into law in …

PayPal Holdings Inc.’s stock was trading down about 7.5% as of mid-morning Thursday, hours after an announcement from eBay Inc. that the big marketplace will shift transaction processing from long-time provider PayPal to Netherlands-based processor Adyen. EBay’s business accounts for about 13% of PayPal’s volume, a share PayPal said Thursday …

PayPal Holdings Inc. on Wednesday said it has reached an agreement with its former owner, eBay Inc., that calls for PayPal to act as a checkout method on eBay for three years beyond the end of the five-year pact that separated eBay and PayPal in 2015. In that three-year period, …

Processor Fiserv Inc. reported that its Accel debit network has added new transaction-routing options, including the ability to process signature-based transactions. Wal-Mart Stores Inc. is using the new signature service, Fiserv said. Accel also will make signatures optional for merchants beginning in April, as are the four general-purpose card networks. …

The U.S. Payments Forum on Monday reported that the vast majority of large U.S. merchants now accept EMV chip cards. With the conversion to chip from the old magnetic-stripe payment technology at the point of sale now over the hump, though still far from complete, advocates are looking at fuel …