Technology

From the January/February 2010 issue of ISO&Agent.

From the January/February 2010 issue of ISO&Agent.

Hypercom Corp. will provide more than 12,000 PIN pads with EMV contactless card readers to European retailer Carrefour, the Scottsdale, Ariz.-based point-of-sale terminal maker announced Thursday.

A growing number of financial companies are trying to foster creativity with in-house innovation labs.

More than 97% of Visa credit and debit card issuers have accepted last month’s offer from Visa Inc., Heartland Payments Systems Inc. and Heartland’s acquirers to settle claims related to the payment processor’s 2008 network data breach, according to the companies.

Citing the continued clamp down on consumer spending caused by the recession, MasterCard today reported healthier global purchase volume for the fourth quarter ended Dec. 31, while U.S. credit card volume fell.

Buoyed by improving economic trends around the world, Visa Inc. on Wednesday reported purchase-volume growth in all categories except U.S. credit for the quarter ended Dec. 31. Visa also for the first time reported its operational performance data and financial results simultaneously for the same quarter. It previously reported operational data a quarter later than its earnings.

North American Bancard’s decision to hire Deutsche Bank Securities is to “explore the opportunity to strategically align ourselves with financial partners to pursue any opportunities,” Marc Gardner, the independent sales organization’s president, tells PaymentsSource. North American Bancard earlier this week announced the Deutsche Bank hiring.

Six Pay S.A. plans to target merchant-processing opportunities in Eastern Europe as part of an effort to expand its operations, the Luxembourg-based payment-services company says.

Indian Overseas Bank has launched its first mobile ATM as part of its drive to expand access to the institution’s services, an official from the Chennai, India-based bank tells PaymentsSource.