Technology

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

Transaction Network Services Inc. and Blue Bamboo have entered into an agreement that enables independent sales organizations, acquirers and processors to sell a mobile-payment system, according to the companies.

A majority of ISO and merchant-acquiring salespeople say the nation’s latest recession had an impact on their compensation, the results of the ISO&Agent 2010 Compensation Survey show.

Speakers at a recent Internal Revenue Service hearing on proposed transaction-reporting requirements that take effect next January largely focused on the potentially detrimental effects their companies may experience from a foreign-merchant rule contained within the law.

Cardtronics Inc. plans to sell 7 million shares of common stock for $12 per share, the ATM independent sales organization announced March 31.

PayPal users in Japan as of March 31 no longer may send noncommercial transactions to individuals until the further notice, PayPal announced in a statement.

Global Payments Inc. has named Jeffrey S. Sloan, a former managing director at Goldman Sachs & Co., as the Atlanta-based payment processor’s new president.

Wall Street is hungry for risk management expertise and appears to be opening up the checkbook with recruiters to get it.

Visa Inc. has promoted Elizabeth Buse to group executive, international from global head of product. Jim McCarthy, previously senior sales executive for North America, succeeds Buse. Rupert Keeley, previously group president for several international regions, is leaving the company.

Speakers at a recent Internal Revenue Service hearing on proposed transaction-reporting requirements that take effect next January largely focused on the potentially detrimental effects their companies may experience from a foreign-merchant rule contained within the law, according to comments from the hearing.