Technology

PNC Financial Services has begun offering a new tool for merchants to accept payments on their mobile devices.

The numerous recent retailer data breaches have led issuers to realize that they may have to replace most of their cards with little or no warning.

Powa's Asia Pacific strategy took a fortuitous leap when MPayMe became available to acquire, says CEO Dan Wagner.

While there is much attention on mobile payments at the point of sale, several companies are working on mobile payments for commuting, parking and other scenarios where a mobile app could replace a paper ticket or fare card. But it hasn't always been a smooth ride for these new technologies.

BlackBerry has suffered its share of lumps in the payment market, but it has scored an apparent victory in a partnership deal with Canadian mobile payment venture EnStream, which is owned by Bell, Rogers and Telus.

Vantiv has completed its acquisition of Mercury Payment Systems.

Chinese restaurant chain P.F. Chang's has confirmed that the data breach it discovered Tuesday involved the theft of credit and debit cards.

Mobile POS (mPOS) at retail delivers numerous benefits, including line-busting, managing showrooming, stimulating add-on sales and ordering out-of-stock items. Plus, mobile devices equip associates to run customer loyalty programs, manage inventory and change prices—all from the palm of their hand.

Balanced's new Push to Card program allows its marketplace clients to pay sellers directly onto their debit cards, enabling those sellers to instantly spend those funds.

Businesses often receive payments in a variety of ways, which can cause headaches when it comes to tracking and managing transactions, says Greg Hammermaster, president of Sage's payments division.