Merchant

VeriFone Systems Inc. plans to use its acquisition of Way Systems Inc. to attract more merchant interest in its mobile-payment systems. But the deal also eliminates a competitor, analysts say.

Hypercom Corp.’s announced change on Aug. 31 of its sales leadership overseeing multilane point-of-sale products and Latin America signifies the payment-terminal maker’s desire to increase market share and to develop new sales channels.

Twin brothers Zachary and Matthew Hyman this year have added more than 11,000 merchants to their San Rafael, Calif.-based Central Payment ISO, putting them on track to reprise their success with a previous ISO.

TransFirst, a Hauppauge, N.Y.-based independent sales organization, has expanded a referral agreement with New York Community Bancorp Inc. to include the bank’s recent acquisitions of Cleveland-based AmTrust Bank and Phoenix-based Desert Hills Bank, and to offer more services, TransFirst says.

A credit repair operation agreed to stop making false claims and stop charging upfront fees under a settlement with the Federal Trade Commission.

To boost its mobile-payment strategy, VeriFone Systems Inc. announced Wednesday it has acquired the assets of Way Systems Inc., a point-of-sale terminal and gateway services provider for mobile merchants. The purchase price included a $6 million upfront payment and an earn-out payable in one year of up to an additional $3 million if certain performance targets are met.

Hypercom Corp.’s announced change on Aug. 31 of its sales leadership overseeing multilane point-of-sale products and Latin America signifies the payment-terminal maker’s desire to increase market share and to develop new sales channels.

Fifth Third Processing Solutions LLC today announced the availability of a new product, PCI Assist, designed to help the processor’s smaller merchants validate their compliance with the Payment Card Industry Data Security Standard.

ACI Worldwide Inc. said Monday that it would supply payment services to Domino's Pizza Inc.

MasterCard Worldwide has announced a deal with a Brussels online payment company that would give customers of MasterCard issuers greater access to U.S. and United Kingdom online merchants.