Merchant

Because of multiple errors found in many European business’ domestic and cross-border payment data, a migration to a Single Euro Payments Area may prove to be costly as faulty data may accrue fees under the SEPA system, a new research report from Experian Payments suggests.

Hypercom Corp. made its case Nov. 2 that it can succeed as an independent company.

Driven by growth abroad, Hypercom Corp. says it recorded record revenue in the third quarter.

Commercial Collection Agency Association (CCAA) members reported a 16.5% decline in the dollar amount of B2B accounts received for collection in the third quarter compared with the year-ago period.

Heady growth in the Asia-Pacific, Europe and Latin America made for a strong third quarter for France-based point-of-sale equipment maker Ingenico S.A.

VeriFone Systems Inc. says its PayWare Merchant managed service for large retailers, petroleum marketers and hospitality companies is now available in Europe.

Portfolio Recovery Associates Inc., an accounts receivable management company and debt buyer, reported net income of $18.5 million for the quarter ended September 30, an 83% increase from $10.1 million in the same period a year earlier.

Apple Inc.’s MFi licensing program for devices designed to work with mobile Apple products has certified Blue Bamboo’s P25-M mobile printer and card reader, the China-based point-of-sale terminal maker announced Oct. 29.

A credit repair operation has agreed to stop making false claims and stop charging upfront fees under a settlement with the Federal Trade Commission.

Internet PIN-debit payment technology is slowly, but steadily, gaining traction in the marketplace as several companies have introduced products intended to bring more security to online transactions.