Economy

Bipin C. Shah is credited with pioneering ATM networks, 24-hour ATM service, payroll debit cards, debit at the point of sale, cash-back with debit cards and pay at the pump. These days, he’s focusing his creativity on merchants.

A Philadelphia-based company is buying an ISO, a processor and a payroll-services company to pursue the goal of providing complete payments services to small merchants.

SAN FRANCISCO–Sometimes Jack Dorsey doesn’t even have to show up to be the guest of honor.

Donna Embry, senior vice president of strategic development at Louisville, Ky.-based Payment Alliance International, has been with the firm since 2006. Embry is also the incoming president of the Midwest Acquirers Association.

Turning a phone into a credit card reader no longer seems like anything special. Square Inc., facing increasing competition from bigger rivals, is adding features to its small plastic card reader to make it a more fleshed-out product for merchants.

Opinions differ on whether complying with PCI matters with mobile payment dongles, but one ISO calls adherence to the data-security standard a no-brainer.

Payment Alliance International, a Louisville, Ky.-based ISO, and Panoptic Security, a qualified security assessor that specializes in Payment Card Industry data security standards, have entered into a strategic partnership to provide the ISO’s merchants with an online PCI compliance portal.

CSR, a provider of data compliance services formerly called Compliance Solutions and Resources, is opening of a western regional office in Reno, Nev.

Standalone contactless payment cards may be headed for extinction in the United States.

One of the first women to succeed in the acquiring business advises her female colleagues not to hold a grudge, even after industry debates overheat.

By Autumn Cafiero Giusti

Imagine seeing a television ad, pausing the program and buying the advertised product with a remote control, smartphone or electronic tablet.

The payment card industry’s campaign to displace cash and checks appears to have struck a nerve.

Acquiring banks react more quickly than ISOs when innovation arises in the industry, a new study indicates.

PayPal Inc., an alternative payments provider that often bypasses ISOs, has revealed that 15 new national retailers eventually will accept PayPal payments. The company also has signed agreements with terminal makers and point-of-sale software vendors that will significantly increase PayPal’s presence as an option in bricks-and-mortar stores.