Kevin Woodward

Shortages of key components cost Hypercom Corp. $6 million in revenue in the second quarter despite strong demand for point of sale terminals and payments services.

ACH Federal LLC, an automated clearing house payments processor, will refer merchants that want credit and debit card transaction processing services to PDX Enterprise Solutions, a Portland, Ore., independent sales organization.

The acquisition by merchant cash advance company AmeriMerchant LLC of CanaFunding LLC this week is enabling independent sales organizations to sell cash advance services in the U.S. and Canada.

Mindbody Inc., a San Luis Obispo, Calif., company that makes business management software for health-and-fitness companies, has become an independent sales organization to improve its profit margin and deepen its relationships with merchants.

Stuart Harvey Jr. is stepping down as the chief executive of Elavon Inc., and will be succeeded by Mike Passilla, the Atlanta processor's executive vice president for global business development.

Square Inc. is open to the idea of letting third parties distribute its mobile card-acceptance technology, according to executives.

Square Inc., a startup company offering mobile point-of-sale payment-acceptance services, is willing to talk to merchant services sales agents and other distributors, but just not yet, according to the company’s CEO.

Merchants that struggle to pay for breach-related costs might get some help from their merchant acquirers.

Businesses of all sizes are increasing their use of electronic forms of payment to help improve their cash flow, according to a report from Aberdeen Group Inc.

The payment card network China UnionPay Ltd. has struck an acceptance agreement with U.S. Bankcard Services Inc., an independent sales organization based in California.

Merchants need not retain cards' full, 16-digit account numbers to resolve disputes, even though some acquirers and processors say otherwise, according to Visa Inc.

A service from Integrity Payment Systems LLC lets merchants pay some of their recurring bills using a portion of their monthly payment card settlement funds.

AT&T Inc. is moving into mobile payments. The Dallas telecommunications company will offer two payments applications from Apriva Inc. to its merchant customers.

A quick-serve restaurant chain is testing Apple Inc.'s iPad as a customer-facing ordering and payment device, according to OrderTalk Inc., which makes online ordering systems for restaurants.

Visa Inc. said it is planning to help merchants that fail to meet two July 1 payment security deadlines.

North American Bancard LLC took a big step into the government and utility payments markets with its purchase last week of Point and Pay, a Haines City, Fla., recurring-billing company.

The Payment Card Industry Security Standards Council said Tuesday it would shift the update cycle for its Data Security Standard to the same three-year cycle as the two other standards it administers.

Commuters in Warsaw can now use MasterCard Inc. PayPass-enabled cards to pay transit fares as part of a test of contactless card acceptance, according to On Track Innovations Ltd., a technology company that is providing readers for the program.

Ingenico SA projects $1.2 billion in annual revenue by 2013, the French point of sale terminal maker said during an investor presentation last week.

TaxiEpay, a unit of the Australian payments company Live Group, has begun deploying more than 3,500 Hypercom Corp. terminals to support a new payment card-acceptance system for taxis in Sydney and Melbourne.