Technology

Now that the Electronic Transactions Association has been administering the Certified Payments Professional credential for a full year, independent sales organizations’ executives and sales agents could start facing more pressure to obtain certification, an acquiring industry veteran says.

Since Square launched its mobile card reader, VeriFone Systems has worked feverishly to slow its rival's runaway momentum. The news that VeriFone is changing its strategy with its Sail reader is the latest in a long line of assaults and retreats.

Twitter's immense popularity has caught the attention of many established payment companies and entrepreneurs. Several have attempted to turn the microblogging service into a payment channel, but so far there are few success stories.

Consumers disputed up to 38 million items on their credit reports last year at the three largest consumer reporting agencies, according to a report released Thursday by the Consumer Financial Protection Bureau.

Giesecke & Devrient has introduced a security system that relies on cell phones to reduce the risk of receiving bogus bills.

A significant setback to adoption of current person-to-person payments technologies is that the transactions often can’t happen in real-time. But by repurposing existing industry infrastructure, companies are devising new methods that make P2P as close to instantaneous as possible.

The processor Total System Services Inc. announced multi-year agreements with two credit unions.

ControlScan will partner with London-based Foregenix to expand its payment data security compliance services into Europe, the Middle East and Africa.

Home Depot Inc. and other retailers lost their bid to appeal a judge’s preliminary approval of Visa Inc. and MasterCard Inc.’s proposed $7.25 billion settlement of a merchant fee price-fixing case.

MasterCard is confident that the proposed $7.25 billion settlement of allegations that it and Visa engaged in merchant fee price fixing will receive final approval, according to Nomura analysts who recent met with key executives of the card network.