Acquiring

Square is a long way from just offering a plug-in card reader dongle and there may be no better evidence of that with its fully revised Square Point of Sale app. This iOS and Android app enables merchants (Square calls them sellers), to pick and choose which services, such as …

Fiserv Inc.’s Clover point-of-sale technology is set to make a splash in the highly competitive restaurant market with the expected launch next month of Clover Hospitality, the company’s top brass said early Thursday. Lilia, an Italian eatery in Brooklyn, is the first client, said Michael Lyons, the company’s chief executive, …

The payment-services unit of Discover Financial Services reported $96 billion in volume for the first quarter, a 4% drop year-over-year, though increased debit card activity lifted Pulse’s dollar volume 3%. Diners Club volume also increased, growing 18%, but the Network Partners unit recorded a 73% slide “reflecting the anticipated exit of a …

Trifecta Technologies Inc., an IT management company specializing in the Salesforce platform, is partnering with processor Stripe Inc. to create what it calls a payment launchpad for businesses. The launchpad will enable SalesForce users to streamline their payment processes by automating recurring payments. The feature will help businesses ensure on-time …

The e-commerce giant eBay Inc. said it will widen its global partnership with payments platform Klarna AB to include the U.S. market, allowing the shopping site to roll out Klarna’s payments capabilities to ”millions” of eBay shoppers, eBay says.  PSQ Payments said it is available on the Shopify App store, making the service …

Brightstar Credit Union will add real-time payments capabilities through processor Jack Henry & Associates Inc. under a new agreement. The capabilities will include the Federal Reserve’s FedNow service and the RTP network from The Clearing House Payments Co. RentRedi, a mobile app for rent payments and other landlord-tenant functions, introduced Chat 2.0, …

More than a year after Capital One Financial Corp. announced its $35-billion deal to acquire Discover Financial Services, it received the last federal regulatory approvals to move ahead and has set a May 18 closing. The last two regulatory approvals, from the Federal Reserve and the Office of the Comptroller …

Fiserv Inc. announced it will open later this year what it calls a strategic fintech hub in Overland Park, Kan., a suburb of Kansas City, Mo. The new location is expected to create approximately 2,000 jobs. Brightstar Credit Union will add real-time payments capabilities through processor Jack Henry & Associates Inc. under a …

Shift4 Payments Inc. has extended until May 6 its previously announced all-cash tender offer for all outstanding shares of Global Blue Group Holding AG. The $2.5 billion deal for the Swiss company was announced in February. Shares in Global Payments Inc. tumbled nearly 17.5% Thursday to $69.46 following the news that the payments firm …

Global Payments Inc. agreed early Thursday to purchase the big processor Worldpay LLC for $22.7 billion. GTCR, a Chicago-based private-equity firm acquired a 55% stake in Worldpay in July 2023 from FIS Inc., while parent FIS retained ownership of the remaining share. Concurrent with the announcement of the Worldpay deal, …