Merchant

BALTIMORE–Two large merchants here at NACHA’s Payments 2012 conference expressed decidedly negative views toward the U.S. path to EMV chip card adoption.

As consumers complain more about rising gasoline prices, petroleum retailers are renewing their own complaints about how credit card interchange fees erode their profits, prompting a new round of industry sniping.

Vendors providing merchants and processors with advanced encryption for card-data security now have a better idea of what standards the payments industry expects those systems to meet.

The U.S. push to electronify payments is taking on a new twist as the nation's largest retailer begins welcoming cash for online purchases.

In its first earnings release as a public company, Vantiv Inc. posted a 23% increase in first quarter net revenue, thanks mainly to merchant services.

Harnessing Facebook as the primary channel to recruit customers paying online for services could be a double-edged sword for certain startups.

The U.S. may be facing a migration to EMV chip cards over the next few years, but few issuers or merchants have yet to reach out for assistance, the chairman and CEO of Total System Services Inc., or TSYS, told analysts April 24.

Much speculation unfolded about what the loss Green Dot Corp.’s processing business might do to Total System Services Inc. But the company showed no signs of immediate concern in reporting a modest first quarter increase in revenue April 24.

A parade of technology firms vying for their attention is turning on its ear the conventional wisdom that small businesses are lost in a technology wilderness with no suitable cash-management software. Such vendors all are hoping to reach either banks or the businesses themselves with digital-processing capabilities.

The way Norse Corp. CEO Sam Glines sees it, his card data security-software company has connected a major dot in offering a full payment-gateway service.