Acquiring

A new point-of-sale software malware strain wants its victims to think it is a nondescript bit of code that computers and networks commonly use when surfing the Internet. Uncovered by investigators at Austin, Texas-based Forcepoint, a data-security services provider, the malware, dubbed “UDPos” by Forcepoint, attempts to conceal itself in …

The Accredited Standards Committee X9 Inc. and the PCI Security Standards Council announced they will jointly develop a unified PIN-security standard. Currently each organization maintains a separate standard for PIN use, which could result in an entity being subject to one or both of the existing standards. The joint effort …

While the U.S. Department of Justice’s Operation Choke Point initiative ended last year, over-zealous efforts by other federal agencies threaten law-abiding payments companies in the same way Choke Point did, the chief executive of the Electronic Transactions Association warned Congress on Thursday. Testifying before the House Financial Services Subcommittee on …

More sales on its commerce platform and more payment-processing business from its merchants translated into a 71% revenue increase for Shopify Inc. in the fourth quarter. And the big merchant acquirer Global Payments Inc. reported Thursday that its North American revenues grew 9% in the quarter. Ottawa, Ontario-based Shopify, which …

Currencycloud, an international payments platform based in the United Kingdom, has hired a U.S. general manager in a push to capture more cross-border payments volume from U.S. merchants. Currencycloud announced Richard Arundel as the general manager of Currencycloud North America. Arundel, a co-founder of Currencycloud, spent the past two years …

Fourth-quarter hardware sales for ATM and banking and retail-payment equipment manufacturer Diebold Nixdorf Inc. fell 11% year over year to $473.2 million, but software and services revenues rose 19% and 7%, respectively, the company reported. Credit card balances hit $834 billion in the fourth quarter, up 7% from $779 billion …

Fresquez Companies, operator of nine restaurants at the Albuquerque International Sunport airport, announced it is replacing its vending machines with unattended kiosks for food and other products that use weight-sensing shelves from ShelfX Inc. to determine a consumer’s product selection. Consumers swipe a payment card to unlock the kiosk. Payment …

First Data Corp.’s struggling merchant-acquiring joint ventures with three big banks are showing nascent signs of a turnaround, and business is booming in the company’s prepaid card unit, top executives reported Monday. The Atlanta-based processor reported last year that new merchant referrals from its big joint ventures with The PNC …

As the new year eases well into its second month, here are five important technology developments that will shake up key payments markets in 2018. B2B payments will finally go digital Perhaps further behind in the fintech curve than they should be are business-to-business payments. This is often attributed to …

Card-data analytics company Cardlytics, which went public Friday, was trading at nearly $16 a share at mid-morning Monday, up 18% on the day to that point. The stock is up 30% since its debut. YapStone, which processes payments for apartment and vacation rentals, announced the first closing in a Series …