Merchant

Their silence on the Federal Reserve Board’s proposal to regulate debit card interchange rates could be counterproductive for independent sales organizations and merchant acquirers, Holli Targan, president of the Electronic Transactions Association, told attendees at the Northeast Acquirers Association conference last week in West Dover, Vt.

Various terminal makers have come out with their own devices and services designed to support payment card acceptance using mobile phones. But one ISO has decided to do so on its own, and at least one observer says the company could succeed with the proper marketing.

ACA International, the largest association representing collection agencies, debt buyers and collection attorneys, has responded to a report from the Consumers Union and East Bay Community Law Center called "Past Due: Why Debt Collection Practices and the Debt Buying Industry Need Reform Now."

Commuters on the 14-mile-long rail line connecting Lindenwood, N.J., and Philadelphia would be able to use any contactless-payment card to access trains following a pilot Cubic Corp. announced Feb. 2.

A federal judge has shut down an operation that allegedly posed as the U.S. government, then duped consumers into paying fees ranging from $200 to $2,500 by claiming the fees would cover processing by the U.S. Citizenship and Immigration Services.

A boost in payments processing and demand for technology outsourcing from banks helped Jack Henry & Associates Inc. raise its fiscal second-quarter revenue by 15% from a year earlier to $242.6 million.

Consorcio de Tarjetas Dominicanas SA, or CardNET, plans to use VeriFone Systems Inc.’s Total Protect encryption service, the payment terminal maker announced Jan. 31.

PayPal Inc. last week released a new set of changes in its user agreement for Indian customers in a move one observer says helps the company avoid Reserve Bank of India scrutiny.

A federal court has frozen the assets of corporations and an individual behind a vast Internet enterprise that allegedly made more than $275 million after luring consumers into “trial” memberships, and bogus government-grant and money-making schemes.

I saw the future at the Northeast Acquirers Association conference in January and realized I had seen it before.