Debit Cards

Cloud-based point-of-sale system provider Revel Systems Inc. launched the Revel Solution Partner program in an effort to get more merchants using its POS systems. Announced Thursday, the program sees qualified resellers managing the complete sales process for Revel Essentials, the San Francisco-based company’s POS system for small and mid-size businesses. …

First Data Corp. and Fiserv Inc. expect to close Monday on Fiserv’s $22-billion acquisition of First Data. The deal, announced in January, has received final required regulatory approvals and non-objections, First Data said. First Data announced $2.49 billion in revenue for the second quarter, up 2% year-over-year.A group of Congressional Democrats, including presidential …

Discover Financial Services’ Payment Services unit reported its transaction volume grew 8% year-over-year to $61.8 billion, a result that included 7% growth for its Pulse electronic funds transfer network. Overall, total Discover revenue net of interest expense increased 10% to $2.85 billion, while net income jumped 13% to $753 million.In related …

Visa Inc.’s net income jumped by a third in the quarter ended June 30, a period when the leading payment card network’s global transaction volume rose nearly 12% and the company completed or announced several acquisitions to broaden its franchise. Visa chairman and chief executive Alfred F. Kelly Jr. told …

PAX Technology Inc. said its S920 mobile point-of-sale device received certification from Verizon and AT&T.U.S. truck fleets are cutting their total fuel expenses by approximately 7% via loyalty programs offered on fuel cards, according to researcher SpendEdge. This benefit in turn is driving growth in the fuel card market, the research firm …

A hearing is set for today on two bills pending in the Massachusetts Legislature that would repeal the state’s decades-old ban on cashless stores. If passed, the bipartisan legislation, which is drawing fire from the ATM industry, would put Massachusetts at odds with efforts this year in a number of …

Equifax Inc., which in 2017 sustained a data breach that potentially exposed sensitive information related to 148 million files, on Monday announced what that massive intrusion will cost the company. The Atlanta-based credit-reporting agency said it will pay $671 million as part of an agreement to settle multidistrict class-action litigation …

Juniper Research Ltd. released a report on digital wallets in North America and Europe that says purchase volume with them will increase 40% in 2019.The United States is the country from which the most people are traveling overseas, followed by Mainland China and Germany, according to Mastercard Inc.’s Global Destination Cities Index.MoneyGram International …

Online marketplace eBay Inc. saw further growth on its new, post-PayPal managed-payments platform in the second quarter despite a decline in gross merchandise volume. San Jose, Calif.-based eBay on Wednesday said the platform accounted for more than $270 million in GMV in the June-ending quarter, up 24% from the first …

Fiserv Inc.’s $22 billion acquisition of First Data Corp. cleared a U.S. Department of Justice review, the company said Thursday. In April, the Justice Department asked for more information and documents related to the deal, but, according to a Fiserv filing with the Securities and Exchange Commission, the DoJ attached no conditions …