Competitive Strategies

By Kevin Woodward@DTPaymentNews Merchant-services provider Cayan released a semi-integrated mobile-payment device that accepts EMV chip card payments, the Boston-based company announced Tuesday. Dubbed Genius Handheld, the device enables clerks to accept multiple forms of payment while standing in a store aisle or at a popup location to shorten checkout queues. …

• E-commerce platform provider Shopify Inc. said it added 133,000 merchants in 2016, bringing the total to 377,500 by year’s end; gross merchandise volume hit $5.5 billion in the fourth quarter, up 94% from a year earlier. Shopify also says that since it launched Apple Pay for the Web, more than …

By John Stewart @DTPaymentNews Brick-and-mortar retailers are struggling to keep up with online stores, but they’d struggle far less if they could better deploy in-store technology, according to a report issued Tuesday. A big issue for shoppers is lackluster customer service, which last year cost retailers $150 billion in lost …

Diebold Nixdorf, the ATM manufacturer formed last August when North Canton, Ohio-based Diebold Inc. bought Germany’s Wincor Nixdorf AG, on Tuesday reported results for its first full quarter as a combined company. The merged firm, double the size of the former Diebold Inc., is now looking to expand globally and …

• Merchant processor iPayment Inc. will offer business services to its client base from cloud-based provider Company.com under a new agreement between the companies. • Merchant processor Fidelity Payment Services has selected PAX Technology as its preferred provider of EMV terminals and PIN pads. • Virtual Piggy Inc. announced it is working with …

Leading payment processor First Data Corp. on Monday reported positive net income for the fourth quarter and all of 2016, a turnaround from losses for both periods a year earlier, but it’s still working to improve mediocre revenue growth in its merchant-acquiring business. Atlanta-based First Data posted net income of …

• Canada-based RDM Corp., a maker of point-of-sale check scanners and developer of remote deposit capture software, has agreed to be acquired by check printer Deluxe Corp. for approximately $70 million U.S. in cash. • TA Associates, a private-equity firm, announced an investment in Retriever Medical/Dental Payments LLC, a payments provider for …

• PayPal Holdings Inc. reported in a filing that it has received subpoenas from the U.S. Department of Justice “seeking the production of certain information related to our historical anti-money laundering program.” PayPal said it is cooperating with the DoJ and cannot predict the outcome of the government’s investigation. • A point-of-sale software …

By Kevin Woodward@DTPaymentNews Six Pepsi-licensed bottlers will use USA Technologies Inc.’s cashless payments devices in 2,120 vending machines, the Malvern, Pa.-based vending-payments specialist announced Wednesday. USAT also released its fiscal second-quarter earnings showing revenue at $21.8 million, but a year-to-date loss of $2.2 million. The Pepsi bottler announcement—for a cooperative …

• KeyBank and First Data Corp. announced an agreement under which the bank will offer First Data products and services, including the Clover line of mobile point-of-sale technology, to its merchant clients across the country. • Financial-institution processor Fiserv Inc. said fourth-quarter adjusted revenue in its payments segment grew 9% year …