Kevin Woodward

First Data Corp. has received clearance to offer payment card services to local governments, universities, police departments and charities in the U.K.

Heartland Payment Systems Inc. has rolled out its E3 advanced encryption technology, after more than two years of development.

Mobile merchants in nations where chip-and-PIN cards using the EMV standard are used will have an opportunity to use VeriFone Systems Inc.'s PayWare Mobile service for the iPhone later this year, VeriFone says.

The point of sale terminal maker said Wednesday that it expects to generate $60 million in annual revenue from its in-taxi advertising business by the beginning of 2011. The San Jose company entered the in-taxi advertising business in 2007.

Best Buy Co. Inc.'s first store in Turkey will use a combined point of sale service, averting the multiple terminals commonly seen on merchants' countertops there, according to Ingenico SA, which is supplying the machines.

VeriFone Holdings Inc. has changed its name to VeriFone Systems Inc. The Holdings part of the name dated to the 1990s, when Hewlett-Packard Co. owned VeriFone, a VeriFone representative said.

VeriFone Systems Inc. has bought Orange Logic Ltd., a South Korean maker of point of sale terminals.

IPayment Inc., a processor based in Nashville, has agreed to resell Roam Data Inc.'s RoamPay mobile phone card-acceptance system.

Legislation that could give the Federal Reserve Board authority to control debit card interchange rates would have little impact on First Data Corp., executives said Friday.

An amendment that would give the Federal Reserve Board authority to control debit card interchange rates could have a “neutral to slightly positive” impact on First Data Corp., an executive at the Atlanta-based payment processor told analysts during a May 14 conference call to discuss first quarter earnings.

Merchant acquirers should be as concerned as the card brands over proposed legislation that would alter merchant fees, according to the Electronic Transactions Association, a Washington, D.C.-based trade group representing the acquiring industry.

Square Inc. has introduced its much-anticipated payment card acceptance software application for Apple Inc.'s iPhone.

Square Inc. on May 11 announced its much anticipated payment card-acceptance software application for Apple Inc.'s iPhone.

Hypercom Corp. is poised to roll out its first payment terminal produced under the joint-development manufacturing business model it announced last November.

The Scottsdale, Ariz., terminal maker reported a $375,000 first-quarter profit Wednesday, compared with a $9.9 million loss the year earlier.

With sales growth in Europe and the Asia Pacific, Hypercom Corp. on May 5 reported a $375,000 first quarter profit; the Scottsdale, Ariz.-based payment-terminal maker reported a $9.9 million loss during the same period last year.

David Leppek has an opportunity that many in the ISO and acquiring business encounter infrequently in their careers. He has the chance to design his ISO, Transaction Services LLC, without having to use years old legacy technology.

Total System Services Inc. is working with a London card producer to offer a fulfillment program for issuers that order small quantities of customized payment cards.

Sterling Payment Technologies Inc. in November launched a merchant-security compliance program with the goal of ensuring Sterling’s merchants meet the criteria established by the Payment Card Industry Security Standards Council.

Increased point of sale transactions helped boost earnings at Total System Services Inc. and could point to a rebound in consumer confidence.