Marketing

Mastercard Inc. said it is purchasing Ethoca Inc., a fraud-mitigation firm, for an undisclosed amount. The deal is expected to close in the second quarter. Ethoca works with more than 5,000 merchants and 4,000 financial institutions. Mastercard intends to expand Ethoca’s capabilities and combine the company with its current security …

Cardlytics Inc. continues to ramp up its rewards platform to accommodate an expected tens of millions of new users coming from new big-bank clients, but revenue growth will lag customer growth for some time, company executives signaled this week. Atlanta-based Cardlytics’s main product, Cardlytics Direct, provides merchant-funded offers to consumers …

Payments provider Payroc LLC announced it acquired Detrok Technology Services, a developer of technology for point-of-sale, payment, and other functions in the hospitality industry. Terms were not disclosed. Payments provider Powertranz said it and NCR Corp. integrated the Powertranz software development kit and payment gateway into the NCR Aloha point-of-sale …

Backers of near-field communication technology for mobile payments made it plain on Tuesday they’re ready to fight back against quick-response codes, a rival technology that has won support not only from giant systems like China’s Alipay and WeChat Pay but also domestically from merchant apps from big chains like Walmart …

Fleetcor Technologies Inc., a business-to-business payments provider, said it has agreed to acquire Nvoicepay Inc., a provider of accounts-payable technology. Terms were not disclosed. Private-equity firm Napier Park Financial Partners invested $10 million in Nvoicepay in 2016. Mobile point-of-sale specialist CardFlight Inc. said its SwipeSimple product now includes the ability …

While a handful of states and cities are passing laws requiring retailers to accept cash, Mercedes-Benz Stadium, home of the National Football League’s Atlanta Falcons and Major League Soccer’s Atlanta United, will go completely cashless March 10. Stadium management announced the new policy Monday, and it takes effect with Atlanta …

The road to payment automation hasn’t been an easy one, with many organizations still battling outdated payment processes and exposing themselves to unnecessary costs, inefficiencies, and payment-fraud risks. Some organizations are still working with manual, costly, and fraud-prone paper based accounts-payable processes, while others have started down the path of …

Payments company i3 Verticals Inc. announced the acquisition of two unnamed companies at a combined price of approximately $20 million. One is in the public sector and the other is in wireless Internet-service billing. Countering the impression that most users of digital-payments services skew younger, half of first-time person-to-person payment …

Business-services firm Accenture invested in and formed an alliance with P97 Networks Inc., a cloud-based mobile-commerce firm specializing in automotive. As part of the agreement, Accenture will develop products from P97 for its clients. P97’s PetroZone service is installed at more than 20,000 U.S. filling stations. Terms of the investment …

NetCents Technology Inc. said it signed a 5-year reseller agreement with an undisclosed independent sales organization. The ISO will bundle NetCents’ gateway and cryptocurrency acceptance into its offerings. The Electronic Transactions Association and Worldpay are bringing 10 startup companies to the ETA’s annual Transact conference. The 10 companies, part of …