Digital Currency

If Square Inc. has made one thing clear in recent months, it’s that the company is determined to tie together two worlds most payments companies see as distinct: consumers on the one hand, and merchants on the other. That strategy took another step forward last month with Square’s announcement that …

USA Technologies Inc. issued a statement opposing a move by Hudson Executive Capital LP, the vending-machine payments provider’s largest shareholder, to gain control of the company in the wake of long-running accounting problems that were recently resolved. Hudson’s plan includes the nomination of eight director candidates for election at the company’s next annual meeting. …

Days after Nxgen and Payscape announced they were merging with a third payments provider, BluePay Canada, the new entity said it has agreed to combine with a fourth company, Payroc LLC, and adopt the Payroc name. James Oberman, Payroc’s chief executive, will serve as CEO of the merged entity.Discover Financial Services said it now …

The four global U.S.-based payment card networks unveiled their joint e-commerce buy button this week, which means merchants, merchant acquirers, and processors can look forward to—or dread—implementing it. Visa Inc. chairman and chief executive Alfred F. Kelly Jr. predicted Thursday they shouldn’t have too many problems. The button is based …

Discover Financial Services reported its Payment Services unit, which includes activity on the Pulse electronic funds transfer network, on Diners Club cards, and with network partners, recorded $62.6 billion in volume in the third quarter, up 7% year-over-year. Volume on Pulse alone increased 5% to $47.5 billion. With Discover network proprietary …

Fiserv Inc. said its Clover point-of-sale system is in use throughout Fiserv Forum, a Milwaukee arena that is home to the Milwaukee Bucks NBA team. Fiserv said more than 25 large stadiums and arenas use Clover. In 2018, Clover processed more than $70 billion in payment volume.Evolve Bank & Trust said it …

Payments and retail-technology provider Shopify Inc. announced it has closed on its acquisition of 6 River Systems Inc., a developer of cloud-based software and mobile robots for fulfillment. Terms were not announced.Fast Park, which operates parking garages near airports, announced it will accept credit and debit cards exclusively for payment at all …

Galileo Financial Technologies, a 19-year-old developer of application programming interfaces for payments, announced a $77 million institutional funding round led by venture-capital firm Accel.Flowhub Holdings Inc., provider of a management platform for cannabis retailers, announced a Series A funding round whose participants included Iqram Magdon-Ismail, the co-founder and former CEO …

Twenty-one percent of consumers used a mobile app to pay a bill in 2019’s first quarter, up from 19% in the year-earlier period, according to a survey of more than 3,000 consumers by ACI Worldwide Inc. Meanwhile, 28% used a paper check, down from 32% a year earlier, according to the ACI …

Days after launching services that allow users to make international remittances and use a virtual prepaid card for payments, Samsung Electronics Co. launched Samsung POS, an app that it says will let merchants accept near-field communication payments on their mobile devices. Developed with payments-technology firm Mobeewave, Samsung POS is aimed at micro-merchants and other small …