Competitive Strategies

Fintiv Inc., a digital-wallet developer, has sued Apple Inc., alleging the iPhone maker stole mobile-wallet technology from Fintiv to further its development of Apple Pay. The case was filed in the Northern District of Georgia, Atlanta Division. Apple Pay debuted in October 2014. Fintiv at the time was known as …

Separate efforts by Par Technology Corp. and SoundHound AI Inc. to boost their wins, especially among restaurant clients, appear to be paying off, if their latest earnings are indicators. ParTech, based in New Hartford, N.Y., is coming off its $132-million acquisition in January of Delaget LLC, a platform providing analytics …

With merchants prevailing in their long-running legal battle to overturn debit rate caps set by the Federal Reserve, the largest debit card issuers could wind up the biggest losers, while Capital One Financial Corp. emerges as the big winner. U.S. District Court for the District of North Dakota Judge Daniel …

Finzly, a developer of payments technology for financial institutions, says it is preparing to support stablecoins and tokenized deposits. The move is aimed at helping financial institutions remain relevant as programmable money becomes more common, the company says. Programmable money is a digital form of currency that can be programmed …

Deluxe Corp. is expanding its digital lockbox capabilities with the acquisition of CheckMatch, formerly part of a J.P. Morgan business unit. Meanwhile, Marqeta Inc. completed its purchase of TransactPay, a BIN-sponsorship provider. Minneapolis-based Deluxe says the addition of CheckMatch, which had been part of Kinexys by J.P. Morgan, the bank’s …

Klarna AB announced its payments services are available at WooCommerce stores using a plug-in from Stripe Inc. The number of such stores is said to reach hundreds of thousands. Valiify, a loan-origination platform, is working with payments firm Payfinia to use Payfinia’s PaymentXchange platform. Crypto wallet Bitget has launched its stablecoin-backed Mastercard in Brazil, with …

Global Payments Inc. is focusing on its new Genius point-of-sale initiative as it prepares to welcome the big merchant processor Worldpay into its fold, the Atlanta-based company’s top executives said early Wednesday. Global launched Genius for restaurants in May, with Genius for retail following last month. Now, the revamped POS …

Toast Inc. has agreed to work with American Express Co. to leverage the online reservation capabilities of the Resy and Tock platforms, which are owned by AmEx, as well as Toast’s Digital Chits technology. That technology allows restaurant staff to view customer information on Toast devices. Both companies will also …

Shift4 Payments Inc.’s top brass early Tuesday celebrated the long-awaited July 3 closing on its $2.5 billion deal to acquire Global Blue, a Switzerland -based international platform providing transaction services to high-end merchants. The deal clinches a major position internationally for the acquisitive processor, executives said on a call with …

Payments provider Electronic Merchant Systems acquired Paysley, an omnichannel payment platform. Terms were not disclosed. EMS also recently invested in Payment Nerds and Pet Payments, and acquired Peel Payments in April. Processor FIS Inc. reported June-quarter revenue of $2.6 billion, up 5% from the same period last year. The company’s banking solutions unit took in $1.8 billion, up …