Credit

Fiserv Inc. is breaking down the barriers for small merchants to present statements within online banking sites, a service more commonly limited to high-volume billers.

VeriFone Systems Inc. said it is pressing ahead with its hostile takeover bid for Hypercom Corp., despite Hypercom's increasingly vocal rejection.

Point-of-sale terminal maker VeriFone Systems Inc. says it will continue to try to buy Hypercom Corp., its Scottsdale, Ariz.-based rival, even though VeriFone’s $5.25 per share offer is more than a $1 shy of the $6.40 price of Hypercom shares Friday morning.

Merchants accepting payments via mobile phones experienced the highest card-not-present fraud volume in 2009, facing on average 3,385 attempts to commit fraudulent transactions each month, new research shows, suggesting the need for higher security as more merchants accept mobile payments.

A global relief organization and a local mobile-phone provider in Haiti recently completed a test of its Mobile Money funds-transfer project in which Haitians affected by the Jan. 12 earthquake used mobile phones to receive payment for work and to make purchases at a local grocery store.

East Japan Railway Co. during the first half of next year plans to offer a mobile fare-payment service for its network supported by mobile network carrier KDDI Corp.

Usage of mobile person-to-person payment services in Africa is expected to explode in the next five years, according to a new research report.

Wendy's/Arby's Group Inc., Beall's Inc. and Luby's Inc. have renewed multi-year card processing agreements with Fifth Third Processing Solutions LLC, the Cincinnati company said Wednesday.

An old payment system may look new again, if Deluxe Corp.'s ad campaign around checks captures consumers' imaginations.

Hypercom Corp. has withdrawn its lawsuit filed Sept. 23 against VeriFone Systems Inc. over allegations of violating a confidentiality agreement. The Scottsdale, Ariz.-based terminal maker announced the withdrawal virtually seconds after PaymentsSource reported the lawsuit in a bulletin (see story).

Consumers in the United States generally believe their credit card companies treat them fairly but anticipate some changes under the Credit CARD Act affecting their overall card usage, new research from New York-based management-consulting firm Auriemma Consulting Group suggests. Auriemma conducted the research through an online survey in August.

Trustwave, best known for testing and fixing payment-network vulnerabilities, believes the time is right to also offer a physical security-evaluation service.

Bank of the West on Oct. 7 announced plans to offer an element of MasterCard Worldwide’s inControl platform, MasterCard Purchase Control, to its commercial card customers early next year and said it is extending its commercial brand agreement with MasterCard to 2013.

CurveNorth Inc., a Silverado, Calif.-based company that makes operation-management software for independent sales organizations and acquirers, has added the merchant-screening service from CoreLogic Inc.’s CredCo division to its offerings, CoreLogic says Oct. 5.

National Payments Corp. of India in November reportedly plans to launch a payment system that would enable consumers in that country to transfer funds for free to any account in India held by participating financial institutions using their mobile phones.

Citigroup Inc. is expanding its proprietary commercial card issuance services to Greece and Luxembourg, bringing its total global card-issuing locations to more than 50 worldwide, the New York-based issuer announced Oct. 7.

VeriFone Systems Inc. said Wednesday that it has begun installing passenger-activated payment and multimedia information systems in taxis in Atlanta.

SecureKey Technologies Inc. has developed a way to turn any computer into a contactless payment terminal, bringing the improved security of contactless payments to e-commerce — without requiring online merchants to do anything to their systems.

An investor advocacy group is searching for Hypercom Corp. investors who feel jilted after the vendor's board last week turned down an unsolicited bid from rival VeriFone Inc. for more than $280 million (see story).

WASHINGTON — When Elizabeth Warren, the top administration official in charge of creating the Consumer Financial Protection Bureau, called last week for simplified, comprehensible credit card disclosures, the industry applauded the goal.