Merchant

In a development that should push along Nigeria’s move toward a cashless society, the Vigeo Group has introduced a point-of-sale terminal that can accept all Nigerian bankcards.

The number of companies caught in data breaches exposing consumers’ credit, debit and bank account numbers is growing, but the best way to make amends to customers is not yet clear.

Global Payments Inc. stayed true to its name in targeting the acquisition of merchant portfolios from banks in Russia and Malta during its fiscal second quarter, but it also solidified its North American activities with a deal to purchase CyberSource’s U.S. merchant-acquiring portfolio from Visa Inc.

VeriFone Systems Inc. has its GlobalBay iPad retail mobile-payment software literally rolling on the sales floors at U.S. Guess Inc. clothing and accessories stores, further establishing that the company intends to position itself as a key player in mobile payments and customer marketing.

Security experts have long considered restaurants a happy hunting ground for credit card skimmers and payment-system hackers. So much so, diners have become understandably reluctant to let a waiter take their credit card away from the table when settling their bill.

Global Payments Inc. on Jan. 5 reported a 20% increase in fiscal second-quarter revenues, to $530.5 million from $443.5 million during the same period ended Nov. 30 in 2010. Net income rose 14%, to $61.2 million from $53.5 million.

VeriFone Systems Inc. is working on an add-on to Apple Inc.'s iPad tablet that slips on to the device and transforms it into a payment terminal that can scan barcodes.

Small businesses in the United Kingdom have few options when it comes to accepting EMV chip-and-PIN cards on smartphones.

In a dramatic and unexpected move, Mumbai-based State Bank of India has scrapped its plans to form a joint venture with U.S.-based Elavon Inc. and Visa Inc. to enter the merchant-acquiring business.

Elavon has launched a secure payment product that turns mobile devices, such as cell phones, into chip card payment terminals, the unit of U.S. Bancorp announced Jan.4.