Merchant

The global point-of-sale payment terminal market is enjoying a technology boom as manufacturers peering just over the horizon see rampant demand for in-store devices that can accommodate both contactless payments and card transactions authenticated by EMV chip-and-PIN security protocols.

LAS VEGAS–The banking industry has lost the battle against debit interchange regulation several times over, but some executives are still fighting the good fight.

A glimpse of what some say represents the future of payments has arrived, but thus far only in certain geographic areas. With the Card Case smartphone application from Square Inc., consumers pay simply by saying their names at the point of sale.

LAS VEGAS–Mobile-wallet providers Google Inc. and Isis continue to position their products as more than just payments vehicles to replace plastic cards.

MasterCard Worldwide has entered into a partnership with Taiwan-based online retailers PayEasy Co. Ltd. and GoHappy Co. Ltd. to offer a cross-border shopping service, the payment card brand announced Nov. 1.

Gemalto NV has launched a product that secures online banking transactions using a combination of a smart card, secure browser and Adobe reader technology, the technology provider announced Nov. 2.

MasterCard Worldwide will offer special incentives to certain merchants to offset the effects of new Federal Reserve Board rules requiring debit cards to carry at least two card-network brands in contrast to Visa’s plan to offer broad merchant incentives, Ajay Banga, MasterCard chairman and CEO, told analysts Nov. 2.

Citing higher purchase volumes for credit and debit cards in all regions, MasterCard Worldwide earned net income of $717 million for the third quarter ended Sept. 30, up 38.4% from $518 million a year earlier, the company said Nov. 2.

Can "Stop.Think.Connect" become the new "Stop, Drop and Roll"?

VeriFone Systems Inc. is continuing its push into the retail mobile-payment market by acquiring Global Bay Mobile Technologies, a private mobile retail software provider, the payment-terminal maker announced Nov. 1.