Acquiring

U.S. Bank has acquired Salucro Healthcare Solutions LLC, a 20-year-old provider of payments and billing technology for the health-care industry. Terms were not announced. The bank first invested in Salucro in 2022 and has sold its services through Elavon, the bank’s payments entity, as a product called MedEpay. Relay Payments, a …

SocketMobile Inc., a provider of mobile data-capture solutions, has launched a countertop QR-code payment reader to enable consumer-presented QR-code operations. The device, called the SocketScan S320, was developed in response to consumer demand for QR-code technology at the point-of-sale, the company says. The global payment market for QR codes totaled …

The number of public charging stations for electric vehicles has nearly doubled over the past five years to more than 61,000, and that’s leading some major payments platforms to view these venues as an increasingly important market. In the latest development, EV Connect, a business-service provider for these stations, has …

Processor Jack Henry & Associates Inc. reported June-quarter revenue of $559.9 million, up 4.7% from the same quarter last year. Revenue for the 12-month period came to $2.22 billion, up 6.6%. Net income for the quarter totaled $101 million, a 3.4% increase; for the year ended June 30, $381.8 million, up 4.1%. …

As competition among payment orchestrators heats up, providers looking to separate themselves from the pack find themselves under pressure to offer points of differentiation, according to Datos Insights’ “Payment Orchestration Vendor Evaluation” report, released Tuesday. One key differentiator for payment orchestrators is smart payment routing, according to the report. This …

Having just launched earlier this month, PayPal Holdings Inc.’s Fastlane checkout has lined up processor and competitor Adyen NV as a partner. Designed to accelerate guest checkout flows, Fastlane is meant to help e-commerce retailers boost their conversion rates. Reducing friction in the guest-checkout process can help boost conversion rates for e-commerce …

Affirm Inc. said it will work with Hotels.com to allow consumers to book rooms and pay over time. The move builds on Affirm’s existing partnerships with Expedia Group. Shopping-app installs increased 61% in the first half of the year compared to the same period last year, according to Adjust’s shopping-app insights report. myKaarma, …

Merchants want lower interchange. In their Shangri-la, interchange would be negative, meaning merchants would be paid to accept credit and debit cards. This is not unknown in the real world. For example, Australia’s national debit network for many years had negative interchange. Merchants want to be able to freely surcharge …

Interac Corp., Canada’s national debit network, said 69% of Gen Z Canadian adults have embraced the mobile wallet, while 63 % prefer to leave their physical wallet at home for short trips, according to a recent survey. Gen Z’s use of mobile wallets outpaces all other generations including Millennials (60%), …

Several organizations representing banks and credit unions filed a lawsuit late Thursday challenging Illinois’s Interchange Fee Prohibition Act, which was signed into law June 7. The lawsuit, filed in United States District Court for the Northern District of Illinois, was brought by the Illinois Bankers Association, The American Bankers Association, …