Technology

Is tiny the next big thing for independent sales organizations? That’s the dilemma ISOs have been facing ever since Square Inc. came on the scene two years ago, promoting card acceptance to babysitters, gardeners and yard-sale entrepreneurs.

Clear2Pay and TestPlant are partnering to create a product that allows app vendors and wireless carriers to test the security and interoperability of their mobile payment products before they enter the marketplace.

U.S. Bancorp's payments unit Elavon has signed an agreement with 41st Parameter to provide the anti-fraud company's technology to Elavon's clients.

For the past two years, the word "Isis" has meant a few different things for the payments industry. Its meaning will come into focus Oct. 22, when the joint venture will begin its much-publicized launch in Salt Lake City and Austin, Texas.

Retailers’ mobile-pay apps are gaining popularity, and many merchants hope their customers will spread their brand affinity by using the apps to send virtual gift cards to a friend or family member’s device.

SignaPay, a Dallas-based independent sales organization, has acquired Equity Commerce LP, creating a combined entity with enhanced financial strength, multiple processing platforms and a number of sponsor banks.

Giving merchants technical support whenever they need it — as opposed to a technology-based tool — is a lesson that’s taken on greater significance as FrontStream develops its product to compete with Square.

Dodd Frank 1073, which covers remittances and U.S. initiated international payments, is one of more than two dozen payments related rules or regulations either issued in 2012 or with a pending deadline during the next year, which cover most payment types.

First Data Corp. executive Mark Herrington has joined the board of Internet PIN debit payments provider Acculynk.

Access to a cloud-based security system that banks can use to protect Automated Clearing House transactions and online banking has moved to mobile devices.