Payment processing

Bitcoin has lost touch with its original mission of being an alternative decentralized currency, and Stripe has decided that it is no longer worth supporting for payments.

The client groups aim to take an active role in shaping the future of payments.

Paytronix Systems has received a $65 million private equity investment from Great Hill Partners to power its development of payment and loyalty systems for restaurants.

Adyen BV, a Dutch financial technology company backed by Silicon Valley billionaires, is poised to pick JPMorgan Chase & Co. and Morgan Stanley to advise on a potential initial public offering, according to people familiar with the matter.

While most Generation X-ers have been accustomed to learning new technologies, mainly through interacting with early adopters, they aren’t always enthusiastic about learning new systems, writes Hamidreza Ghanbari, CEO of Pilatus Bank.

Through an arrangement with First Data and JCB International, Discover will expand its card acceptance at merchant locations in Hong Kong to better accommodate travelers carrying Discover cards.

OnPlan serves the education and health care industries, and under Flywire its services will be available for the first time outside the U.S.

Ingenico Group has agreed to acquire Paymark, a leading payments processor in New Zealand, for about US$140 million.

Japanese card network JCB has expanded its acceptance to Belarus for the first time through an agreement with Belinvestbank.

Lighthouse Network has acquired payment gateway Shift4 Corp. and will rebrand its company as Shift4 Payments.