ISOs

Two payments companies, BluePay Processing LLC and Trustwave, separately last week announced new encryption services for merchants.

Precidia Technologies Inc. says Micro$ale POS will use Precidia’s TransNet payment application in its point-of-sale systems. Ottawa, Canada-based Precidia says TransNet converts payment transactions so they can be sent via an Internet-protocol connection. Brandon, Fla.-based Micro$ale makes POS systems for use in quick-serve and full-service restaurants.

Central Bancompany, a Jefferson City, Mo.-based banking firm, will use Clearent LLC’s merchant services, Clearent announced last week.

Pinnacle Corp., an Arlington, Texas-based point-of-sale system maker, says it is offering payment-security compliance services from Vendor Safe Technologies to its convenience store merchants. Merchants will pay a monthly fee for the service, which covers network security and data access controls, firewalls and monitoring.

From the June 24, 2010, issue of ISO&Agent Weekly.

From the June 24, 2010, issue of ISO&Agent Weekly.

From the June 24, 2010, issue of ISO&Agent Weekly.

From the June 24, 2010, issue of ISO&Agent Weekly.

From the June 24, 2010, issue of ISO&Agent Weekly.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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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.