Technology

VeriFone Holdings Inc. last week named Chase Paymentech Solutions LLC as one of its preferred merchant processors for users of its mobile phone card reader.

Despite feeling the effects of a down economy, ISOs continue to propel much of Global Payments Inc.’s revenue growth, executives from the payment processor said last week during the company’s fiscal third-quarter earnings conference call with analysts.

The automated clearing house network is maturing, bringing slower growth rates and probably slowing fee revenue.

PayPal Inc.'s mobile payment application has been downloaded more than a million times since it was released three weeks ago on Apple Inc.'s App Store.

Medical marijuana dispensaries in three states have agreed to use payment processing services from Cannabis Medical Solutions Inc.

Though some argue that mobile banking can be more secure than its Internet equivalent, security experts are expressing concerns. Skeptics have good reason to be apprehensive.

U.S. merchant compliance with the Payment Card Industry Data Security Standard has changed little since last fall, according to latest compliance update Visa Inc. released this week.

Dirk Rossmann GmbH, a German drugstore chain, is deploying 5,000 Hypercom Corp. Artema Hybrid payment terminals in more than 1,000 locations throughout Germany, the Scottsdale, Ariz.-based point-of-sale terminal maker announced Tuesday.

Taiwantrade.com has inked a payments acceptance deal with international online payments provider PayPal Inc., an official from Taiwan’s national business-to-business e-commerce platform tells PaymentsSource. PayPal is a unit of eBay Inc.

Opus Software Solutions Pvt. Ltd. has won a US$10 million (7,406 euros) order from the State Bank of India to replace the bank’s ATM-processing platform to a dual server-based system, an official from the bank tells PaymentsSource.