Economy

A new cloud-based merchant loyalty scheme has earned the backing of a major payments processor and some large retailing chains.

ShopKeep POS, a small start-up ISO, may help change the payments landscape. About 3,000 merchants use its cloud-based point-of-sale system that’s supported by Apple iPads and MagTek mobile card readers.

American card issuers and acquirers were “dragging their feet” until recently on the transition to the EMV chip card standard, but several companies hope to speed the transition by making a clear business case for the technology.

Some ISOs intentionally make merchants’ monthly statements as confusing as possible, while others are working to dispel the mysteries of billing.

American card issuers and acquirers are "dragging their feet" on the transition to the EMV chip card standard, but some companies hope to speed the transition by making a clear business case for the technology

The Payment Card Industry Security Standards Council plans to recruit more soldiers in its ongoing war against fraudsters and cybercrooks. It’s allowing any individual with a security background or interest in payments security to become a certified PCI Professional.

More consumers are using mobile devices to pay for online purchases, but small merchants aren’t doing much to accommodate them. That lack of preparation leaves an opening for ISOs.

It took years to filter down from the big companies, but small businesses are now using high-tech customer relationship management.

Google, like its mobile-pay rival Isis, relies on phones built with Near Field Communication chips to support its mobile wallet. So the growing number of NFC-equipped phones should give the Google Wallet a strong boost — shouldn't it?

Now's the time for independent sales organizations to start offering mobile-payments options to their merchant customers.

Thirty-two percent of the acquiring executives surveyed for a recent report said mobile payments represent a “great risk" despite pundits' advice to seize the mobile pay opportunity.

For Jeremy Gumbley, watching the EMV transition pick up speed in the United States is a little like déjà vu. He saw the same problems in the United Kingdom 10 years ago.

Experts are wondering if the United States can meet the deadlines the card brands have set for converting to EMV chip cards from magnetic stripe cards.

Visa is offering a new data encryption service that could compete with third-party security vendors' offerings. The service's launch also indicates the card brand's growing desire to push beyond the requirements of the Payment Card Industry data security standards.

Not every sales call has a happy ending, but Joe Porco has figured out how to increase the chances of a desirable outcome and he’s sharing his formulas in his new job as a sales trainer.

Intrix Technology Inc., a provider of integrated processing and services for processors, ISOs and retailers, has introduced Invoice Creator, a module for its payment gateway that enables merchants to create and manage invoices from a virtual location.