Merchant

With the help of acquisitions and new ventures, VeriFone Systems Inc. posted a 31% increase in fourth-quarter year-over-year earnings Dec. 14, marking the sixth consecutive quarter with a revenue gain of 20% or more.

Visa Inc. may be preparing to debut its ties to Google Inc.’s Google Wallet mobile-payments scheme in London at the 2012 Summer Olympic Games, sources suggest.

First Data Corp. has introduced Global Gateway e4, an online payment gateway that offers what the company says is safe and reliable processing for card-not-present transactions, the transaction processor announced Dec. 13.

Payment Card Industry data-security standards continue to fail merchants in their most vulnerable hour, as one restaurant chain might have prevented a credit card fraud scheme if it equipped its payments systems better to address third-party intrusions, a security expert contends.

The silence is almost deafening.

Credit-union members spent 8.1% more and made 10.1% more transactions during this year’s Black Friday than they did on the same day last year, according to a new analysis conducted by Co-op Financial Services and Saylent Technologies, a provider of payment-intelligence services.

Delhi’s commuters will have to wait a bit longer for a prepaid, multiuse transit card because of bureaucratic and administrative delays, an official close to the project tells PaymentsSource.

Some 221 members of the acquiring industry took the exam for the Certified Payments Professional credential during the first round of testing, according to the Electronic Transactions Association, which expects test results later this week.

Isis, still almost a year away from launching its mobile-payments application, is partnering with an industry heavyweight to serve as the security guard for its wallet.

Hold the phone! Google Wallet appears to have a security leak.