Economy

With the unveiling of a mobile wallet this week, Google is making its second try at establishing itself as a major name in payments.

OAK BROOK, Ill.–The Midwest Acquirers Association is forming local chapters to bring together acquiring-industry employers and prospective employees, provide members with payments-industry information, and share tips on selling and promoting payment services.

Wincor Nixdorf AG said it will provide BB&T Corp. with automated teller machines and services for up to 100 locations in North Carolina and Florida.

While the investigation continues into how thieves managed to steal funds from consumers’ debit card accounts by tampering with PIN-pad terminals at 80 outlets of Michaels Stores Inc., payment-security experts say many merchants’ terminals probably remain exposed to similar sophisticated attacks.

Any independent sales organization contemplating a merchant cash-advance business should review the best-practice recommendations of the North American Merchant Advance Association, the group’s president advises.

Two Michigan retirees are continuing to assault the federal courts with suits claiming lack of proper ATM disclosures, filing three more suits in New Mexico last week – all on the same day.

The prepaid card industry has an image problem.

Merchant cash-advance provider RapidAdvance LLC will provide funds to merchants through ISOs associated with Sage Payment Solutions under a deal the companies announced May 17.

While the investigation continues into how thieves managed to steal funds from consumers’ debit card accounts by tampering with PIN-pad terminals at 80 outlets of Michaels Stores Inc., payment-security experts say many merchants’ terminals probably remain exposed to similar sophisticated attacks.

WASHINGTON — Although Senate leaders have confirmed they will allow a floor vote soon on delaying interchange fee restrictions, the timing, outcome and vehicle for suspending the proposed cap are still anyone's guesses.

WASHINGTON – Responding to progress the financial-services industry has made in Congress to delay or derail new interchange caps included in the Durbin Amendment to the Dodd-Frank Act, the National Retail Federation is rolling out a major, nationwide, 60-day lobbying, grassroots and media campaign aimed at ensuring that the law goes into effect as scheduled.

ControlScan Inc. is offering new services it said would streamline the Payment Card Industry data security standard compliance process for small and midsize merchants.

VeriFone Systems Inc.’s Paymedia add-on now enables gas stations to present advertising on their pumps’ screens, the terminal maker announced.

Transaction processor Merchant Data Systems Inc. has renewed its contract with ControlScan Inc., a provider of Payment Card Industry data security standards compliance help.

Two community banks have signed up for Secure Vault Payments, according to eWise Systems USA Inc., the Denver-based company working with NACHA, the electronic payments association, to offer the technology.