Merchant

Cynergy Data has named Afshin Yazdian as its new CEO, while outgoing CEO Kim Fitzsimmons will remain with the company as a member of the board and take on a strategic role with Comvest Partners, Cynergy's private equity investor.

Hybrid PayTech World Inc. is offering programs to allow application developers to incorporate the company’s multi-operating-system payments technology.

JPMorgan Chase heavily markets its Sapphire Preferred card to travelers, but without an EMV chip, the Sapphire card was losing its luster for some users.

Consumer credit in the U.S. rose more than projected in September as borrowing for car purchases and education climbed.

Debt buyer Encore Capital Group Inc. on Thursday reported financial results for the third quarter ended September 30, including gross collections from the portfolio purchasing and recovery business of $379.7 million, a 54% jump over the $246 million in the year-ago period.

Continuing its international expansion through partnerships, U.S.-based EVO Payments International LLC has acquired a controlling interest in Polish financial institution PKO Bank Polski's merchant acquiring arm.

The Twitter initial public offering culminated with the ringing of the New York Stock Exchange's opening bell Thursday, the social media site becoming a public company valued at more than $14 billion. But Twitter co-founder Jack Dorsey isn't done with Wall Street yet, as he's reportedly begun exploring an IPO for Square, the mobile payments startup he co-founded in 2009.

Harbortouch has released its Perkwave integrated point of sale terminal with EMV-chip and Near Field Communication capabilities.

TD Bank Group and President’s Choice Financial are launching the Near Field Communication-based Ugo mobile wallet in Canada.

More independent sales organizations are using fees to force merchants to take Payment Card Industry security standard compliance seriously.