Competitive Strategies

Payments provider i3 Verticals Inc. reported revenue of $84.5 million in its fiscal third quarter ended June 30, a 27.5% increase from $66.3 million a year ago. It had a loss of $655,000, compared with net income of $887,000 last year. This marks the first earnings results for the company …

Payment-card maker CPI Card Group said Thursday that new sales from an existing customer boosted its U.S. prepaid debit card revenue 26% in the second quarter. Littleton, Colo.-based CPI also reported that sold its United Kingdom business to private-investment firm SEA Equity for $4.5 million. With revenue of $15.4 million …

Having completed its first full quarter of operation on June 30, Worldpay Inc. on Thursday reported just over $1 billion in net revenue for the period from business lines that include merchant processing, technology services, and card-issuer support. That’s up 11% from what Vantiv Inc. and Worldpay Group plc would …

Citing data from the global payment card networks, the U.S. Payments Forum reported in its latest update on the conversion from magnetic-stripe to EMV chip card payments that approximately 57% of in-store card transactions are now “chip-on-chip,” meaning an EMV point-of-sale terminal read an EMV card. Also, acceptance of contact …

EVO Payments Inc. is hunting for new international markets as it continues to see growth in its U.S.-based business with independent software vendors, company executives said Wednesday during the merchant processor’s first earnings conference call as a public company. Founded in 1989 as an independent sales organization, Atlanta-based EVO in …

Malicious attacks on payments systems come in a bewildering array of shapes and sizes, making it a nettlesome problem figuring out which types of attack require the most defensive resources. Yet, the stakes could be highest in the United States, where the average cost per breach, at $225, is one …

Flow, a cross-border e-commerce platform, has added a cryptocurrency option through an arrangement with BitPay, a cryptocurrency exchange. Through a so-called marketplace update, General Motors Co. is enabling in-dash fuel payments in select Buick models at Exxon Mobil stations. The capability is expected to come to other GM makes, 2017 …

With a focus on data privacy and security, a review of five mobile person-to-person payment services places Apple Pay at the top, Consumer Reports says. Released Monday, the report from the product-review magazine evaluated Apple Inc.’s Apple Pay, PayPal Holdings Inc.’s Venmo, Square Inc.’s Cash app; Facebook Inc.’s Messenger, and Early …

Microsoft Corp. continues to make enhancements to Microsoft Pay in a highly competitive market for digital wallets. This week, the computing giant said Microsoft Pay has been integrated with Masterpass, the online wallet from Mastercard Inc. that lets consumers pay with stored credentials from a variety of payment providers. “We …

Payments-systems provider Worldnet TPS Ltd. said it has integrated Quickchip technology into its GoChip line of point-of-sale products to enable one-second EMV chip card transactions. Payments provider Shift4 Payments Inc. launched a management solution called Lighthouse Business Management System for clients using Shift4’s point-of-sale and payment-processing products. The new service …