Acquiring

  PayPal Inc., the financial services arm of marketplace eBay Inc., continues to work on expanding PayPal acceptance beyond e-commerce, and its decision last month to buy Braintree Payment Solutions LLC for $800 million is one part of that effort, eBay executives said Wednesday. EBay has been expanding the number …

Merchant processors can expect federal regulators to continue cracking down on their industry, Robert O. Carr, chief executive of Heartland Payment Systems Inc., predicted in a speech Wednesday at an acquiring-industry conference. The reason for stepped-up federal oversight, Carr said, is that independent sales organizations haven’t policed themselves effectively. He …

  Recurring revenue from transaction-processing fees has been a staple of independent sales organizations and acquirers for decades. But amid a host of new competitors, the payment-processing industry finds itself wondering what its next steps may be. ISOs are squeezed on one side by large players, like First Data Corp. …

Clover Network Inc., which on Wednesday burst into a crowded market for tablet-based point-of-sale systems, is betting that merchants would like to choose their apps for customer service and checkout in the same way they can load apps on their smart phones. With the new Clover Station, merchants can download …

By Jim Daly An injunction that puts New York State’s ban on merchants’ credit card surcharges on hold could be a prelude to a bigger legal assault on states’ surcharge restrictions. If pro-surcharging merchants prevail, their actions could add some oomph to a provision in the pending settlement of unrelated …

By Kevin Woodward The appointment on Tuesday of Jeffrey S. Sloan as the new chief executive of payment processor Global Payments Inc., succeeding long-time chief executive Paul Garcia, surprised hardly anyone. Sloan, who joined Global Payments as president in 2010, has a history with the company. Garcia, who was named …

All eyes in the payments business were riveted on Brooklyn earlier this month as lawyers wrangled in federal court over the proposed credit card interchange settlement. What many interested parties—including most observers in the courtroom that day–may have missed, however, is that the hearing brought to light for the first …

  The upcoming Version 3.0 of the Payment Card Industry data-security standard (PCI) is being billed as having more than a few tweaks but not wholesale changes from the three-year-old Version 2.0 that it will replace in November. “It’s a medium-sized change,” says Anton Chuvakin, research director, security and risk …

At first glance, it looks like a lopsided collaboration between competitors, but the agreement by which mobile point-of-sale upstart Square Inc. will integrate Intuit Inc.’s popular QuickBooks accounting software may end up benefiting both parties equally, some observers say. Under the deal, announced on Tuesday, users of the Square Register …

By Kevin Woodward   Six months after leaving point-of-sale terminal maker VeriFone Systems Inc., Douglas G. Bergeron is leading a new enterprise targeting financial-services and payments companies for acquisition.   Dubbed Opus Global Holdings LLC, the new company has $500 million at its disposal to buy companies. Bergeron is collaborating …