Technology

Transactional data reveals much about a customer to a merchant. Facebook’s social data doesn't have direct ties to spending, but it paints a detailed picture of the consumer that retailers could use to create pertinent offers that shoppers will actually use.

Irish-based Monex Financial Systems Ltd. is looking for American independent sales organizations interested in profiting from card transactions made here by visitors from abroad.

Total System Services Inc., or TSYS, has signed a long-term agreement to provide point of sale services, authorization, settlement, reporting, managed services and risk mitigation for independent sales organizations that work with Merrick Bank, a subsidiary of CardWorks Inc.

The BBB in Ohio reports that an operation calling itself National Fraud and Investigation Agency is running a phony collections scheme and threatening to arrest or sue those who don't pay immediately.

Acculynk has entered a partnership with Gesa Credit Union to pilot Payzur, a peer-to-peer payment system.

The alternative payments provider Dwolla has garnered much attention from its recent move to facilitate payments through Twitter, but the concept has been tried before — repeatedly, and with few success stories.

U.S. consumers have spent $33.8 billion at online merchants this holiday shopping season, representing a 13% increase over e-commerce spending during the same period last year, according to Internet usage analytics firm comScore.

First Data Corp. called 2012 the “year of universal commerce,” meaning commerce happens anywhere, anytime and on any type of device.

VeriFone Systems Inc., the largest maker of credit-card terminals, was sued by Creative Mobile Technologies LLC for more than $250 million over an agreement to place advertisements on screens in New York taxis.

The Consumer Financial Protection Bureau announced plans to start sharing real-time access to its consumer complaint data with state regulators.