Merchant

Citing strong execution across each of its businesses, Global Payments Inc. on Oct. 4 reported fiscal first-quarter revenue of $542.8 million, up 23.3% from $440.1 million during the same period last year.

OfficeMax Inc. customers may tap and pay using the Google Wallet mobile phone payment application at new checkout terminals the retailer has placed in more than 100 of its stores, the office-supply company announced Oct. 3.

Europe’s lingering debt crisis likely will cause some European banks to be wary of adhering to a pending deadline to accept euros as a common currency for electronic cross-border payments as part of the Single Euro Payments Area for eurozone countries, new research indicates.

Each merchant seeking to comply with Payment Card Industry data-security standard requirements grapples with different challenges, but insights from security experts at McDonald’s Corp. and British Airways recently shed light on a few common headaches companies face in securing card data.

Ingenico SA’s Incendo Online product has become the first “smart client” system to comply with the Payment Card Industry Security Standards Council’s PIN Transaction Security standards, the company announced Oct. 3.

The vast majority of companies continue to fall short of complying with the Payment Card Industry Data Security Standard during their initial audit, with 79% failing and only 21% getting a passing grade, contends a report Verizon Communications Inc. released Sept. 28.

A transit open-loop fare collection pilot in New Jersey that uses a Visa-branded prepaid debit card could help change the traditional notions about how to distribute a general-purpose reloadable product to financially underserved consumers, notes an industry observer.

Isis announced on Sept. 27 that several companies will launch mobile devices that implement its NFC and technology standards.

Each merchant seeking to comply with Payment Card Industry data-security standards faces specific challenges based on its business processes, but this year a few common themes are emerging globally, Jeremy King, European director of the PCI Security Standards Council, tells PaymentsSource.

CHICAGO—Last week, the PCI Security Standards Council pushed advanced encryption as a way to protect consumers’ card data. But one point-of-sale vendor executive contends authentication at every step of the payments process would work better to combat fraud.