Technology

Avant-Garde Marketing Solutions (AGMS), a merchant service provider, will sell and deploy a number of Ingenico’s new countertop terminals, including those that handle EMV-chip card payments.

A consumer watchdog group in Canada is speaking out in support of the major card brands in response to an argument brought by the country's Competition Bureau on behalf of retailers.

ZooZ, an Israel-based mobile payment company, has secured $2 million in a Series A financing round from supporters XSeed Capital, Lool Ventures and Rhodium. The company's funding now stands at $3.5 million.

Total System Services Inc. is adopting a new infrastructure for card issuing, updating its existing "black box" to allow issuers to more quickly launch new products and services and provide a single view of consumers across multiple relationships.

Mobile point of sale systems could expand card acceptance by adding as much as 19 million merchants, resulting in a potential $1.1 trillion uptick in annual card payments, Javelin Strategy and Research says in a new report.

Braintree Inc., a small mobile payment vendor founded in 2007, has attracted employees and board members from some of the biggest technology companies. Its recruits say the young company promises a more dynamic environment than the industry giants can provide.

Roam Data Inc. has updated its mobile app to allow merchants to operate a complete point of sale system from smartphones or tablets.

American Express Co. is issuing EMV chip-and-signature cards to its corporate card customers in the U.S. starting in the first half of 2013.

Executives at Discover Financial Services sought to temper investor expectations of quick results from its partnership with PayPal, instead emphasizing the long-term benefits of the alliance, as well as other ongoing initiatives.

The terminal maker VeriFone Systems Inc. has signed a two-year contract with China Payment and Remittance Service to provide managed services for up to 100,000 of the company's point of sale devices.