Technology

In an interview with PaymentsSource, Cohen describes the opportunities that arise for companies like Merchant Warehouse amid the rapid changes taking place in the payments industry.

A region-wide department chain filed suit against Visa challenging the payment card industry standards under which the merchant was fined $13 million for a 2010 data breach.

Global money transfer company Xoom is launching Pay Only When Received (POWR), a model through which the company does not withdraw money from a sender's bank account until the funds reach the recipient.

Independent sales organizations and agents can use automated clearing house and credit card data to identify the most likely prospects for transaction services.

A shareholder lawsuit alleges current and former VeriFone executives made false and misleading statements about the company's financial performance to artificially inflate the stock price—duping unsuspecting investors and allowing executives to cash in millions of dollars' worth of stock.

Lawmakers are looking into removing the roadblock that currently exists in California for mobile-pay startups that either can't afford the compliance costs for state licensing or define themselves as Web-based marketplaces, rather than true money transmitters.

B+S, a German payment processor, will provide services that would give merchants in the UK the ability to accept card payments from Chinese tourists making purchases.

U.S. Bancorp's global payment subsidiary Elavon is opening a mobile innovation center at its Atlanta headquarters to build technology for merchants.

PayPal's recent updates to its software tools for developers provide a clue to its long-term plans for the Card.io, the mobile payments tech provider PayPal bought last year.

Doug Bergeron's departure as CEO of VeriFone comes at a time when the point of sale terminal manufacturer disclosed that it has engaged in business dealings with Iran that may have been prohibited by recently enacted sanctions against the Middle Eastern country, as well as a recently filed shareholder lawsuit alleging securities fraud.