Technology

E-Commerce Association of Singapore has agreed to offer its online merchant clients payments services from PayPal Inc.

Marketing technology vendors are helping issuers pump up their transaction volume by transferring mobile-coupon redemption to a debit or credit card.

The Payment Card Industry Security Standards Council will update all three of its standards this year, and it eventually may place all on a three-year update cycle, says Bob Russo, the council’s general manager.

Aptys Solutions LLC this week introduced PayHub, a payment-processing system designed for community banks. The system supports multiple payment types, including automated clearinghouse transactions, mobile payments, wire funds transfers and check-image exchanges on a single platform.

Despite grim predictions that the credit crunch would choke off the economy’s biggest engine - consumption - people have indeed been spending again.

Hypercom Corp. plans to use its new point-of-sale products for use with Apple Inc.’s iPhone not only to reach mobile merchants but also to target brick-and-mortar retailers that want to expedite client purchases and avoid long lines at sales registers, Stuart Taylor, Hypercom vice president of global solutions and marketing, told PaymentsSource this week at the Electronic Transactions Association Annual Meeting and Expo in Las Vega.

The three major credit bureaus are widening the types of personal data they provide banks, an effort to strengthen financial firms' ability to properly assess loan candidates.

Aptys Solutions LLC this week introduced PayHub, a payment-processing system designed for community banks. The system supports multiple payment types, including automated clearinghouse transactions, mobile payments, wire funds transfers and check-image exchanges on a single platform.

Why are best practices so important to ISOs? For many, they are an effective means to ensure uniformity and help increase visibility into company operations to ease merchant concerns.

Acculynk Inc., which enables merchants to accept PIN-debit purchases online, is broadening its offerings to include online card processing and is making its products available for resale through ISOs, the company announced last week.