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First Data’s deal for Acculynk aims to cut e-retailers’ debit transaction fees

Online retailers may soon pay lower fees for purchases made online with debit cards. Payment processing giant First Data Corp. is acquiring Acculynk, which specializes in technology that allows e-commerce merchants to accept debit cards at checkout, the companies recently announced. Both companies declined to disclose the sale price but said the deal should be finalized by mid-May. […]

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