Acquiring

In reconnecting with the payments industry after my Congressional run, one topic has come up in conversation more than any other: interchange regulations. Specifically, S.1838, the Credit Card Competition Act of 2023 (CCCA), which takes a market-driven approach to driving down interchange fees.  By enabling two credit card networks on …

Bluefin said it will offer point-to-point encryption capability for the event-management platforms Event Guru and Registration Guru. AstroPay, a Brazil-based cross-border payments fintech, said it has been granted a payment-institution license by the Central Bank of Brazil. Magwitch, a lending-as-a-service platform, has integrated real-time point-of-sale lending technology from U.S. Bank Avvance. …

A bill was introduced late Tuesday in the Illinois House of Representatives seeking to repeal the Interchange Fee Prohibition Act. The legislation, introduced by Rep. Margaret Croke, chairperson of the House Financial Institutions and Licensing Committee, is the latest twist in an ongoing battle over the IFPA, which became law …

Just as acquirers always seek a competitive advantage when courting restaurant clients, so too do restaurateurs. The latest along these lines is an integration between Cake POS and Popmenu, a restaurant-services developer. Shopstr, a travel-booking service, also is now available as a Shopify app. Mad Mobile Inc., the Tampa, Fla.-based …

Porter Airlines this spring will launch its VIPorter Mastercard card program, working with Mastercard Inc. and the Canadian banking giant BMO. Payments platform Repay announced an integration with the underwriting platform Worth to allow for faster merchant onboarding and vendor connections. Credit union service organization Velera released its card-on-file service that enables cardholders to update …

The fintech Codego Ltd. has launched its Cryptogateway software, which enables merchants in 33 countries to accept cross-border in-person and e-commerce transactions in cryptocurrency and receive the funds in fiat money in an IBAN account. IBAN accounts are typically used to hold funds arising from cross-border transactions. The new service, which works …

RaceTrac Inc., an Atlanta-based convenience store chain with more than 800 locations, is debuting cardless payments for truck drivers via the 10-4 by WEX app. The free app enables independent owner-operators to pay for diesel fuel without a physical card at the pump. Users upload their credit or debit card …

Canada-based processor Nuvei Corp. announced early Monday it has closed on its acquisition of Paywiser Japan Ltd., a deal that will expand Nuvei’s position in the Asia-Pacific market. The deal, which includes Paywiser’s acquiring license, will connect Nuvei to merchants in Japan through direct acquiring capabilities. It also includes links …

Top executives at American Express Co. early Friday celebrated the final quarter of what they said was a year to remember. “We delivered record revenue, record net income, and new records in many categories,” including all-time-high cardholder spending, AmEx chief executive Steve Squeri told equity analysts during a conference call …

Payments provider Priority Technology Holdings Inc. has acquired Rollfi, a provider of payroll and benefits provider to banks, accountants, and software-as-a-service providers. Terms were not announced. SEPTA, the mass transit agency in the Philadelphia region, awarded a $211 million contract for a new fare payment system called SEPTA Key 2.0 to Cubic Transportation …