Technology

Virtual Piggy, which developed the youth payments service Oink, has added commerce solutions provider Gorilla Group is now a member of its channel partner program.

Spindle Inc. has agreed to make its will merchant approval platform available to U.S.-based clients of iConnect, a Colorado-based provider of point of sale technology.

Vantiv Inc., a provider of payment-processing services to retailers and financial institutions, is near a deal to acquire Mercury Payment Systems Inc. for about $1.65 billion, people with knowledge of the matter said.

FIS has launched a cloud-based, instant issuance system for EMV-chip cards.

Apple will be ready to accept Near Field Communication payments from phones in its stores, even though none of its consumer devices support NFC out of the box.

Ecopayz launched a private, online application designed for travel payments.

Square has removed its cloud-based Wallet app from the Apple iTunes and Google Play stores, apparently to make room for a new app called Square Order.

BMO's changes to how it organizes treasury and corporate payments can help it streamline client sales and payments product bundling.

Over the course of the NACHA Payments Annual conference, ACI conducted a survey to capture the sentiment of our industry experts and practitioners on hot topics impacting the payments ecosystem. We included mobile payments and real-time ACH, the latter of which generated interesting feedback and spirited discussion that was both insightful and directionally important to where we are headed as an industry.

Swedish mobile payment company iZettle has raised $55 million (€40 million) in Series C funding to expand its operations.