Merchant

All of China’s bank-led payment platforms and third-party payment providers would have to ensure their customers use their real names when paying online under regulations the People’s Bank of China proposed Jan. 5.

Merchant cash advances, a value-added service some independent sales organizations offer to retailers, are defined as lump-sum payments to a business in exchange for a percentage of its future credit or debit card sales.

As European banks continue to establish standards for a Single Euro Payments Area, not nearly as much attention has focused on a similar process for ecommerce or mobile payments in the euro zone.

Total System Services Inc. has added two executives to its senior management group, the processor announced Jan. 12.

Correction: An earlier version of this story incorrectly described GlobalBay, which is software used for a hardware attachment for the Apple Inc. iPad.

Three data-security and payment processors have linked technologies to create a cloud-based advanced encryption payment system designed to protect payment card data and provide storage away from Columbia Sportswear Co. point-of-sale terminals.

A Canadian software provider is the first of many middleware companies that PayPal Inc. says will be key to bringing its online payment system to the physical point of sale.

Verizon Wireless expects to increase customer throughput through an agreement to deploy Rover, AnywhereCommerce's device designed to alleviate the need for customers to wait in checkout lines.

Independent sales organizations associated with United Bank Card Inc. have been differentiating themselves from competitors for a year now by giving merchants free point-of-sale terminals. Now the terminals appear to be getting better.

A strong majority of candidates passed the first examination for the acquiring industry’s new Certified Payments Professional credential.