Economy

Some of America’s ISOs and transaction processors may be in for a shock when they begin trying to accept EMV chip cards in the coming months.

A combination of hardware and software that enables restaurant patrons to order and pay on a tablet at the table is bucking the trend toward paying on smartphones, one analyst says.

The Electronic Transactions Association is winding up the second month-long test period for the Certified Payments Professional credential and working on training courses for subsequent rounds of testing.

Vantiv Inc. is offering Ingenico SA's new point of sale products in an effort to prepare the industry for the EMV chip-card standard and Near Field Communication technology.

MasterCard today made the first move to begin talking with rivals and customers about exactly how the U.S. will adopt the EMV chip-card standard.

A tokenization services vendor has shifted its emphasis from the core to the edge of retailers’ computer systems and is seeking independent sales organizations to promote its product.

ISOs can present themselves as consultants by specializing in offering card-acceptance services to just one or two types of clients and really getting to know those businesses.

Small merchants often have only the foggiest notion of what constitutes a secure electronic payment, so a security vendor specializing in Payment Card Industry data-security standards compliance is providing a primer on the subject.

Merchants can find out if their mobile card readers have approved security features by checking a new fact sheet from the Payment Card Industry Security Standards Council.

Total System Services Inc., or TSYS, wants to put itself in a position to take advantage of growth in mobile payments and banking.

The problem with building a smartphone-based rewards system is that retailers unintentionally jam the signal.

Transaction aggregation eventually could save the vending-machine industry from the ravages of the Durbin amendment to the Dodd-Frank Act, according to one processor of electronic payments from vending machines.

ORLANDO, Fla. — More than 100 variations of mobile wallets are vying for consumer attention in the U.S., and in another nine months some say that number may double.

The Payment Card Industry Security Standards Council plans to begin training and certifying integrators and resellers of payments-security software to address data security gaps software installers may cause, the council announced May 10.

When Square Inc. launched its mobile card reader in 2009, VeriFone Systems Inc. was on its heels with PayWare Mobile. Now the terminal maker’s ready to roll out another rival to Square with a product it calls Sail.

ControlScan Inc. has acquired a company with a product designed to help merchants comply with Payment Card Industry data security standards.

MasterCard Worldwide on May 7 announced PayPass Wallet Services, which when launched later this year will enable bank and merchant customers to make purchases in stores or online by paying with a tap of a smartphone, click of a computer mouse or touch of a tablet screen.

These are still the early days of mobile payments, and so far Singapore leads the world in readiness to use the technology.