Technology

CHICAGO–A day after the Wall Street Journal reported Isis was changing its business model by working with other established payments organizations, an executive for the organization told a panel here at the Smart Card Alliance’s annual conference nothing had changed.

CHICAGO—Further delay in U.S. migration to EMV chip-and-PIN technology might be another unintended consequence if the Federal Reserve Board’s proposed 12-cent cap on debit card interchange is enforced, two analysts agreed during a panel discussion here May 4 at the Smart Card Alliance’s annual conference.

Merchant e-Solutions Inc. is rolling out a suite of mobile-payment applications on its new PayEverywhere platform, the company announced May 5

Cocard Marketing Group LLC, a Nashville, Tenn.-based independent sales organization with more than 90 offices across the nation, has renewed its card-processing contract with National Processing Co. LLC.

A nearly 68% boost in corporate card purchase volume helped Fleet card provider and processor Wright Express Corp. to report more than a 40% increase in first quarter revenue, Michael Dubyak, chairman, president and CEO, tells PaymentsSource.

For all the talk about the upcoming NFC-driven mobile payments revolution at the point of sale, new research from Oracle is throwing some cold water on the hype.

National Credit Union Administration released a study May 4 showing that many small credit unions currently lose money on their debit cards but for most credit unions debit is extremely lucrative.

Visa Inc. is likely to report positive second-quarter earnings Thursday afternoon, an analyst said.

Debit card issuers’ pain could be a gain for some payments processors.

Heartland Payment Systems Inc. is adding merchant accounts and is processing more transactions for its established merchants, thanks to a well-honed sales effort and a healthier economy.