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With preferences for carrying and using cash continuing to drop, more consumers expect merchants to accept debit or credit cards for payment. But not all merchants do, especially those that lack physical storefronts. Some industry insiders believe mobile-based products might help encourage them to accept electronic payments.
June 24
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The move to a three-year cycle for updating the Payment Card Industry Security Standards Council’s three data-security standards will benefit merchants and the payments industry, says Bob Russo, council general manager.
June 22 -
Independent sales organization Eureka Payments LLC has no ambition to be a one-size-fits-all merchant-services company. Instead, the Eureka, Calif.-based start-up is pursuing only mobile merchants and those accepting card-not-present transactions.
June 22 -
Global Payments Inc. will lose its bank sponsorship to process Visa payment card transactions for merchants in Canada when its contract with the Canadian Imperial Bank of Commerce expires in March 2011, Atlanta-based Global Payments disclosed Friday in a U.S. Securities and Exchange Commission document.
June 21 -
Point-of-sale terminal makers want to be known for more than solely selling hardware. All three of the major terminal makers–Ingenico S.A., Hypercom Corp. and VeriFone Systems Inc.–are turning to recurring service revenue to bolster their financial results.
June 21 -
Commuters in Warsaw, Poland, may use MasterCard PayPass cards as part of a transit-agency test of contactless-payment acceptance for the purchase of transit cards, according to On Track Innovations Ltd., a technology company this is providing contactless-payment readers for the test.
June 18 -
The outcome of a recent simulated cyberattack against financial-services companies, government organizations, retailers and payment processors illustrates the need for a concerted effort to spurn would-be attackers.
June 18 -
North American Bancard LLC took a big step into the government and utility-payments markets with its purchase earlier this week of Point and Pay, a Haines City, Fla.-based recurring-billing company.
June 18 -
Paul A. Rianda is an attorney who has specialized in providing legal advice to the bankcard industry for more than 10 years. His e-mail is paul@riandalaw.com.
June 17 -
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Point-of-sale terminal makers want to be known for more than solely selling hardware. All three of the major terminal makers–Ingenico S.A., Hypercom Corp. and VeriFone Systems Inc.–are turning to recurring service revenue to bolster their financial results.
June 17 -
Industry consensus is mounting to suggest that some form of the debit-interchange amendment crafted by U.S. Sen. Richard Durbin, D-Ill., will be included in the reconciled financial-reform bill. But top payments-consulting firms continue to parse the amendment’s potential effects.
June 17 -
Merchant acquirers that fail to follow Visa Inc.’s safeguards to prevent processing certain high-risk merchants’ transactions face paying $100 per charge-back on top of regular penalty fees under a program Visa announced to its acquirers in March.
June 10 -
Efforts to create a common set of requirements for so-called “end-to-end” encryption moved forward last week when the Secure POS Vendor Alliance released its End-To-End Encryption Security Requirements.
June 10 -
Payment processor Elavon Inc. announced June 8 it has signed agreements with San Diego-based Semtek Innovative Solutions Corp. and Palo Alto, Calif.-based Voltage Security Inc., two competitors that provide advanced encryption services. Atlanta-based Elavon also offers its own advanced encryption products to merchants.
June 10 -
At first glance, the new encryption technology now sweeping the payments industry looks like a bonanza for ISOs and agents. On second glance, the situation appears more complicated.
June 10 -
The road to the widespread rollout and adoption of Near Field Communication mobile payments may be littered with potholes and speed bumps, but payments-industry executives still hope the technology can make a significant splash in the United States.
June 3 -
