Acquiring

• E-commerce platform provider Shopify Inc. said it added 133,000 merchants in 2016, bringing the total to 377,500 by year’s end; gross merchandise volume hit $5.5 billion in the fourth quarter, up 94% from a year earlier. Shopify also says that since it launched Apple Pay for the Web, more than …

• Merchant processor iPayment Inc. will offer business services to its client base from cloud-based provider Company.com under a new agreement between the companies. • Merchant processor Fidelity Payment Services has selected PAX Technology as its preferred provider of EMV terminals and PIN pads. • Virtual Piggy Inc. announced it is working with …

Leading payment processor First Data Corp. on Monday reported positive net income for the fourth quarter and all of 2016, a turnaround from losses for both periods a year earlier, but it’s still working to improve mediocre revenue growth in its merchant-acquiring business. Atlanta-based First Data posted net income of …

• Canada-based RDM Corp., a maker of point-of-sale check scanners and developer of remote deposit capture software, has agreed to be acquired by check printer Deluxe Corp. for approximately $70 million U.S. in cash. • TA Associates, a private-equity firm, announced an investment in Retriever Medical/Dental Payments LLC, a payments provider for …

• KeyBank and First Data Corp. announced an agreement under which the bank will offer First Data products and services, including the Clover line of mobile point-of-sale technology, to its merchant clients across the country. • Financial-institution processor Fiserv Inc. said fourth-quarter adjusted revenue in its payments segment grew 9% year …

• Independent sales organization BluePay Processing LLC announced its purchase of the merchant-services portfolio of VersaPay Corp., a business-to-business payments provider. Terms were not disclosed. • Merchant processor Total Merchant Services introduced Groovv mPOS, a mobile point-of-sale device enabling EMV and NFC contactless payments, as well as online transactions. The device links to smart …

• Processor Fidelity National Information Services Inc. (FIS) reported its revenue grew 30.4% in the fourth quarter ended Dec. 31, to $2.4 billion, from $1.9 billion in the same quarter a year earlier. Net earnings from continuing operations increased to $207 million from $105 million. For the year, revenue jumped 40.1%, to …

The cofounders of Revel Systems, an early maker of iPad-based point-of-sale systems, have left the company following a fresh investment by private-equity firm Welsh, Carson, Anderson & Stowe, which has long been active in the payments industry. The press release from Welsh does not say why cofounders Lisa Falzone, who …

• President Donald Trump is poised Friday to order a review of the Dodd-Frank Act, which in addition to creating new bank regulations established the Consumer Financial Protection Bureau and the Durbin Amendment on debit interchange, The Washington Post reported. • Some observers believe fear of President Donald Trump’s plan to finance his proposed Mexican border …

• Merchant processor CardConnect Corp. unveiled a new release of its CardPoint Mobile app for smart phones and tablets that includes a feature called Catalog that allows businesses to label, price, discount, and categorize their products and services in one place. • Point-of-sale terminal maker Equinox Payments announced that POS-equipment distributor POSDATA added the …