Merchant

Several former attorneys at legal collection giant Mann Bracken LLP have formed a new collection firm.

Independent sales organization Eureka Payments LLC has no ambition to be a one-size-fits-all merchant-services company. Instead, the Eureka, Calif.-based start-up is pursuing only mobile merchants and those accepting card-not-present transactions.

Nearly six months after closing, collection law firm giant Mann Bracken is still receiving payments mailed from delinquent debtors. Figuring out who should receive the money is one of the biggest challenges facing the receiver appointed to oversee the firm's unwinding.

Point-of-sale terminal makers want to be known for more than solely selling hardware. All three of the major terminal makers–Ingenico S.A., Hypercom Corp. and VeriFone Systems Inc.–are turning to recurring service revenue to bolster their financial results.

Paul A. Rianda is an attorney who has specialized in providing legal advice to the bankcard industry for more than 10 years. His e-mail is paul@riandalaw.com.

World Wide Payment Solutions To Process With Cynergy Data

Point-of-sale terminal makers want to be known for more than solely selling hardware. All three of the major terminal makers–Ingenico S.A., Hypercom Corp. and VeriFone Systems Inc.–are turning to recurring service revenue to bolster their financial results.

Industry consensus is mounting to suggest that some form of the debit-interchange amendment crafted by U.S. Sen. Richard Durbin, D-Ill., will be included in the reconciled financial-reform bill. But top payments-consulting firms continue to parse the amendment’s potential effects.

Ingenico S.A. anticipates generating 1 billion euros ($1.2 billion) in annual revenue by 2013, the France-based point-of-sale terminal maker announced June 9 during an investor’s presentation.

TaxiEpay, a unit of Australia-based Live Group, has begun deploying more than 3,500 Hypercom Corp. terminals to support a new payment card-acceptance system for taxis in the Australian cities of Sydney and Melbourne, the Scottsdale, Ariz.-based terminal maker announced June 8.