Merchant

As banks, card issuers, processors, terminal makers and others involved in electronic transactions are well aware, many new software engineers would rather work for Google Inc. or a hot new start-up than enter the payments or banking industries.

Advocates of contactless payments may not view a test run of the technology in 25 Asda stores in the United Kingdom as a significant announcement, but the potential exists for eventual mass exposure through the supermarket giant.

Smaller payment card issuers would provide the strongest data security and enable their customers to shop anywhere in the world by opting to add chip-and-PIN EMV technology to their magnetic stripe cards as the U.S. moves toward full smart card adoption, a new report suggests.

New Jersey merchants are worried they might lose millions of dollars annually in the "sales lift" gift cards add to their bottom lines because of a new state law affecting gift card availability.

Citing a number of “unusual items” in Fifth Third Bancorp’s first-quarter earnings report, Dan Poston, the bank’s chief financial officer, assured industry analysts the quarter was “not as noisy as it might seem.”

LAS VEGAS–Independent sales organizations face internal and external threats that could put most of them out of business in the next few years, speakers said here April 18 at the Electronic Transactions Association Annual Meeting & Expo.

Merchants using ZenCart, an open-source shopping cart, now may accept OpenCuro payments under a deal the two companies announced April 17.

Within a couple of months, MasterCard Worldwide expects its cardholders to have easy access to daily coupons from merchants.

Part of the aura of “driving in luxury” includes not worrying about paying at the end of the ride. Uber Technologies Inc. banks on that.

SignatureLink has entered a deal with Magento to allow its antifraud technology to work with Magento's e-commerce system, SignatureLink announced April 17.