Acquiring

By Jim Daly@DTPaymentNews In a move that will further consolidate the U.S. acquiring business, payment processor Vantiv Inc. announced late Thursday that it has an agreement to buy Moneris Solutions Corp.’s U.S. merchant-acquiring subsidiary from its Canadian owners for $425 million in cash.  Also known as Moneris USA, Schaumburg, Ill.-based …

By Kevin Woodward@DTPaymentNews The impact of a Donald J. Trump presidency on the payments industry may not be known in concrete terms yet, but speculation suggests a fair number of moves meant to take some of the sting out of regulations. Republican Trump handily won the Electoral College vote Tuesday, …

By Jim Daly@DTPayment News First Data Corp. said attrition in its small and mid-size North American merchant portfolio eased off in the third quarter, but chief executive Frank Bisignano cautioned that getting attrition down to acceptable levels will take more time. “Q3 saw a meaningful reduction in the annualized attrition …

By John Stewart @DTPaymentNews The U.S. election is just 24 hours away, but if it were up to the readers of Digital Transactions News, Donald Trump would be the next President of the United States. He’d be bound for the Oval Office, however, with a very weak mandate. Republican candidate …

• A Colorado State University management professor and a Ph.D. student in finance at the University of Utah co-wrote a blog post saying that the “legal incoherence” in federal policy regarding financial services for legal marijuana businesses is hurting an otherwise fast-growing industry that in Colorado alone generated nearly $1 …

• Mobile-commerce technology provider Sionic Mobile launched a mobile-payment and loyalty app called Style Rewards for hair salons. The app was introduced in collaboration with Style Media22, an interactive digital-media agency for salon professionals. • Mobile point-of-sale technology provider CardFlight agreed to offer its SwipeSimple EMV solution to merchant clients of …

http://www.nxtbook.com/nxtbooks/dt/201611/

Consumers may shop in stores more than they do online, but for most—93%—the research into these purchases is taking place online, finds a survey released Tuesday by Revel Systems, an iPad-based point-of-sale system provider. More consumers, 86%, shopping in person at least twice in the month proceeding the July survey …

• Boosted by its November 2015 acquisition of software developer SunGard, processor Fidelity National Information Services Inc. (FIS) reported third-quarter revenues of $2.31 billion, up 46.2% from a year earlier. Revenues grew 3.8% on an organic basis. • Co-Op Financial Services said it will provide its online bill-payment application to …

Merchant acquirer Square Inc. started out offering credit and debit card acceptance to tiny businesses and part-time sellers who wanted to accept plastic, but volume from Square’s biggest merchants grew 55% year-over-year in the third quarter and now accounts for 43% of Square’s gross volume. Square, which refers to all …