Technology

Payment processor Mercury Payment Systems is collaborating with PayPal to allow Mercury's software developers, resellers and 80,000 mostly local merchant clients to accept PayPal payments in stores.

KKR & Co., the buyout firm run by Henry Kravis and George Roberts, hired former insurance executive Joseph Plumeri as a senior adviser to help find new deals and to work with portfolio companies.

Schools are increasingly relying on digital payments for the cafeteria and activities — a trend that is proving to be fertile ground for payments technology as frantic parents seek ways to keep their kids properly fed and supplied for their education.

As check registers and passbooks fade into obscurity for a growing number of bank customers, Realex seeks to further modernize payments by putting a human face on accounts.

With another iPhone announcement expected in the next month, a recent Apple patent application for digital content gifting could provide insight into how Apple would develop Near Field Communication technology for payments.

Recognition by a market-based standards organization such as ISO, in the form of a three-letter code, would set the stage for increasing market depth and liquidity of bitcoin trading — in turn facilitating overall consumer and merchant adoption.

Youth e-commerce company Virtual Piggy will provide its payment engine to Marvelous USA, which sells video games.

Payments processor Total System Services, or TSYS, has added a fraud mitigation program from Fair Isaac Corp., a data analysis and credit risk company commonly known as FICO.

CVC Capital Partners Ltd., one of Europe’s largest private-equity firms, agreed to buy a majority stake in British online payment company Skrill Group Plc from Investcorp Bank BSC in a deal worth $800 million.

VeriFone Systems has launched Way2Ride, a mobile app that enables taxi passengers to get in, tap to pay, and get out of the cab the moment their ride is over.