Merchant

Hoping to improve on its new-user sign-up total a year ago, Exxon Mobil Corp. this year is adding a month to a promotion that gives Speedpass users 15 cents off each gallon of gas they buy.

When something is amiss at a location relying on tight security, officials often immediately implement a systems “lock down.” Imagine the same scenario on a merchant’s payment system, and one can start to understand how PaySecure software works.

LAS VEGAS–The relatively late timing of the U.S. move to adopt the EMV smart card technology means it could dodge some of the headaches other countries experienced in shifting to EMV.

LAS VEGAS–Brace for more merchants to begin developing proprietary digital wallets at the same time they announce their participation in broader wallet schemes.

Merrill Halpern received an “unexpected benefit” when traveling recently in Europe without an EMV smart card in his wallet. He got a free cup of coffee from a coffee shop employee who felt sorry for him because she couldn’t initiate the transaction on her terminal with just Halpern’s signature.

Online food-delivery service Eat24.com has increased the number of ways its hungry customers can pay for food from their favorite restaurants.

The complexities of enabling U.S. merchants to accept EMV contactless smart cards and various mobile-payment technologies represent a significant revenue opportunity for VeriFone Systems Inc., company executives told analysts March 5.

LAS VEGAS–Pushing a new mobile-wallet scheme is tough when each week seems to bring news of more potentially daunting new contenders.

American Express Co. is encouraging independent sales organizations to use Small Business Saturday to stimulate transactions, increase charge volume and differentiate themselves from competitors.

Citing the completion of its acquisition of Swedish payments provider Point, VeriFone Systems Inc. on March 5 posted a 40.4% increase in fiscal first quarter year-over-year earnings.