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In response to a U.S. Department of Justice investigation, Visa Inc. has changed a rule that prohibited financial institutions from allowing merchants to waive entry of a personal identification number for most debit transactions, according to the DOJ. The department was investigating the rule's adverse affect on debit card industry competition. Visa has for some time has allowed merchants to waive the signature requirement on certain signature-debit transactions, including transactions of less than $25.
Dallas-based payment processor TransFirst Holdings Inc. has opened a sales office in Aurora, Colo., and an executive office in Hauppauge, N.Y.
Mobile-payments and marketing provider Mocapay Corp. has appointed Kevin Grieve as CEO. He replaces company founder Rod Stambaugh, who will serve as chief strategy officer.
Huntington Bancshares Inc. is adding a mobile-banking service called Huntington Mobile Banking that will enable the bank's clients to access their accounts using cell phones and other mobile devices.
