Merchant

About one in five consumers would stop frequenting merchant locations that refuse to accept their credit cards for small payments, new survey data from Market Strategies International suggest.

VeriFone Systems Inc. is planning major investments in payment terminals with contactless readers built in as wireless carriers, card networks and banks proceed with mobile-payments initiatives.

Consumer spending online during the five-day period that started with Black Friday following Thanksgiving grew by double digits compared with the same period in 2009, merchant processor Chase Paymentech Solutions LLC announced Dec. 1.

More than 450 C&A Mode KG fashion-retail stores in Germany plan to deploy 2,700 Hypercom Corp. Artema Hybrid point-of-sale terminals, Hypercom announced Dec. 6.

The allure of double-digit payment card transaction volume growth and recent deregulation have prompted Elavon Inc. and Credicard, a subsidiary of Citigroup Inc., to form a merchant acquiring joint venture in Brazil, Elavon announced Dec. 9.

Even though economic recovery still has a long way to go, we have all heard enough of the bleak forecasts and are ready for some positive news.

Hypercom Corp. says its M5000 next-generation mobile point-of-sale terminal will be available next year following merchant tests in the spring and summer.

A U.S. district court has approved a Federal Trade Commission settlement to shut down two groups of Florida-based telemarketers that allegedly flooded consumers with misleading pre-recorded robocalls falsely promising to reduce their credit card interest rates.

TransUnion predicts that both mortgage and credit card delinquencies will drop sharply again in 2011, after large declines already experienced in the second half of this year.

More than 450 C&A Mode KG fashion-retail stores in Germany plan to deploy 2,700 Hypercom Corp. Artema Hybrid point-of-sale terminals, Hypercom announced Dec. 6.