Credit

Total System Services Inc.’s TSYS Acquiring Solutions subsidiary has signed an agreement to provide security services on its platform for Caledon Card Services.

DeviceFidelity Inc. on Wednesday said it was issued a patent for using near-field communication technology to perform payment and other activities on mobile devices.

In launching its own digital wallet, Visa Inc. says its size will help it succeed in a market where many established payment companies have learned the hard way that bigger is not always better.

The PIN pad-tampering attack Michaels Stores Inc. revealed earlier this month is far more widespread than it originally believed, affecting at least 90 payment terminals in stores in 20 states, the retailer announced May 11.

Despite the buzz surrounding mobile-banking services, a relatively few consumers use them on a regular basis, though nearly half are familiar with them, new research suggests.

Despite the buzz surrounding mobile-banking services, a relatively few consumers use them on a regular basis, though nearly half are familiar with them, new research suggests.

Online Resources Corp. remains an appealing target for acquisition, analysts say, despite posting a first-quarter loss and being ordered by a court to pay $5.3 million to its founder.

Users in India of the online funds-transfer and payment service offered by U.S.-based PayPal Inc. face additional hurdles when making transactions, according to a notice the eBay Inc. unit released May 9.

New Zealand’s small-business owners increasingly are using their own personal credit cards to finance their companies, research from Massey University’s Center for Small and Medium Enterprise Research has found.

Executives at Global Cash Access Holdings Inc. see positive market trends ahead, but they believe the road to recovery for the provider of cash-access and related card and ATM services to casinos will be bumpy.

SecurityMetrics Inc. has introduced SecurityMetrics Vision, a network-threat sensor designed to help small merchants secure their business networks and comply with the Payment Card Industry Data Security Standard, the company announced May 9.

Giving card issuers a potential new venue to tap small business mobile payments at the point of sale by selling speed, Intuit this week is demonstrating new renovations its GoPayment mobile service to eliminate the card readers that merchants attach to their mobile devices to execute card payments.

Visa Inc. is working with several banks to roll out a digital wallet service in the U.S. and Canada this fall that will let consumers make payments with Visa and non-Visa cards.

Merrick Bank Corp. has signed on to offer Secure Vault Payments to merchants through its ISO network, and sources say the fledgling payment method may become available to 17 million consumers before the end of this month and to 50 million by year’s end.

Continued weakness in the gaming sector and consumer revolving credit, coupled with the loss of Harrah’s Entertainment’s casino business, the company’s largest customer, late last year, created some first quarter financial difficulties for Global Cash Access Holdings Inc., the company announced May 10.

American Express Co. is working with Boston-based LevelUp on a pilot with Levi Strauss & Co. Levi’s stores in three major U.S. cities during which cardholders may receive statement credits by using a smartphone application that supports discounts for shopping at the clothing retailer.

Stronger demand for its payment terminals in certain emerging markets helped Hypercom Corp. produce higher-than-expected first-quarter revenues, according to analysts, as the company draws closer to its planned acquisition later this year by VeriFone Systems Inc.

Consumer credit card debt increased slightly in March by about $2 billion, marking only the second such monthly increase since 2008, according to data the Federal Reserve Board released May 6.

WASHINGTON – The Federal Reserve is planning to amend its proposal to cap debit fees at a higher rate, setting a compromise in the heated controversy between merchants and banks and credit unions while at the same time threatening efforts by banks and credit unions to delay implementation of the rule.

While restaurants experienced a slight increase, small and mid-sized brick-and-mortar merchants experienced a 3.09% decline in overall credit and signature-debit card sales during the first quarter ended March 31. This marked the 14th consecutive quarterly decline, new research suggests.