Merchant

The collection business has an exceptionally high churn rate compared with other industries, approximately 90% annually, according to industry sources.

Hypercom Corp. has signed a deal with a German retail chain that will deploy 30,000 of its Artema Hybrid point-of-sale terminals over the next 30 months, the terminal maker announced Jan. 19.

Hypercom Corp. has signed a deal with a German retail chain that will deploy 30,000 of its Artema Hybrid point-of-sale terminals over the next 30 months, the terminal maker announced Jan. 19.

EBay Inc.’s payment unit, which includes PayPal Inc. and Bill Me Later, experienced a strong fourth quarter, eBay reported this afternoon.

The Indian capital city of New Delhi is testing a new, automated parking-management system that will accept payment cards from motorists either onsite or online, an official from the Unified Traffic and Transportation Infrastructure Centre tells PaymentsSource.

Manila’s two suburban rail networks are conducting a trial in the Philippines to test the use of a common contactless smart card for their commuters.

Within the United States, Ingenico S.A. already may be benefiting from the proposed merger between VeriFone Systems Inc. and Hypercom Corp., rival point-of-sale terminal makers.

The face value of business-to-business accounts placed in collections totaled $3.6 billion in the fourth quarter ended Dec. 31, up nearly 3.4% from $3.5 billion in the third quarter, according to the Commercial Collection Agency Association, which tracks accounts placed with its members. The total face value increase was an estimated $119.3 million.

Chase Paymentech Solutions LLC has rolled out a suite of services called Safetech Fraud and Security Solutions, the New York-based merchant-processing unit of JPMorgan Chase & Co. announced Jan. 18.

Merchant-level salespeople who use POS Portal Inc. as their point-of-sale equipment distributor now have a mobile-phone tool that enables them to check the availability and wholesale pricing of devices, POS Portal announced Jan. 4.