Merchant

Merchants are pleased–but not entirely surprised–to hear that the U.S. Department of Justice's antitrust division is taking a close look at Visa Inc.'s unpopular fixed merchant acquirer fee.

Mozido LLC’s partnership with Mumbai-based Tata Consultancy Services expands the market for Mozido’s digital-wallet platform and gives Tata Consultancy Services another mobile platform to combine with its proprietary products.

Nebo Djurdjevic figures recent developments affecting the cost of doing business in the U.S. payments industry have opened a door for his software company.

First Data Corp. on May 2 reported a first-quarter loss of $153 million, narrowing from a loss of $217 million a year earlier, as its operating income improved.

Heartland Payment Systems’ first quarter earnings benefited from an economic recovery boost that helped improve same-store sales among its small and midsize customers.

This story was updated from its original version.

A consulting firm that helps companies reduce their transaction costs is now flipping the model upside down to maximize acquirers’ pricing.

China UnionPay and Taishin International Bank Ltd. have signed a memorandum of cooperation to expand acceptance of UnionPay credit and debit cards in Taiwan, the companies announced last week.

Consumers’ ability to pay for a restaurant or bar tab with a smartphone went from small scale to mainstream with TGI Friday’s Inc.’s decision to use Tabbedout’s mobile-payment application.

A new agreement with cloud-based e-commerce provider Digital River Inc. will enable Acculynk Inc. to provide more merchants access to its PaySecure online PIN-debit payment method, the Atlanta-based company announced April 30.