Merchant

Nearly 350 members of the merchant-acquiring industry have applied to take the first test for the new Certified Payments Professional credential developed and administered by the Electronic Transactions Association.

Marketing analysts who say mobile access is the future of loyalty programs with retailers and restaurants are closely watching to see how consumers respond to new mobile apps linking card purchases to rewards credits.

Merchants who use credit card terminals that do not accept PIN transactions or incorporate mobile card readers at their businesses can have those devices tested for the use of advanced encryption for data protection, the Payment Card Industry Security Standards Council announced Oct. 14.

Prepaid marketer NetSpend Holdings Inc., which recently lost some crucial distribution partners, has rebounded with a new deal inked with 7-Eleven Inc.

Two Shanghai city business-development organizations are attempting to further push online shopping during the Chinese festival season in collaboration with third party online payment provider International Payments Solutions (Shanghai) Ltd.

CHICAGO—Consumers will decide which mobile wallets they want to use and that is why financial institutions should participate in as many as possible, a Citigroup Inc. executive on Oct. 12 told attendees here at the BAI Retail Delivery conference.

With e-commerce becoming a bigger target for payment data theft, Global Payments Inc. intends to provide its online merchants with another set of fraud-detection tools.

PayPal Inc. is putting itself at nearly every possible point of a consumer's banking relationship – from account-opening to payments and even reward-redemption – through a series of new partnerships.

U.S. Congressman Jason Chaffetz (R-Utah) and Congressman Bill Owens (D-New York) today plan to introduce legislation aimed at repealing the debit card interchange rate-control provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the lawmakers announced.

The merchant-acquiring industry is turning an Internal Revenue Service reporting requirement into a profit center, some analysts suggest.