Payment processing

Pax Global Technology has landed what it describes as a major deal to distribute its payment terminals to Chinese merchants through China UnionPay Merchant Services [UMS].

The time banks have to investigate red-flagged credit payments has shrunk from several days to a few hours and fraudsters have already taken notice.

BillGO says it has seen a 65% jump in customers signing up for its bill-pay app since its launch in late October, and it predicts a payment processor partnership with GlobalOnePay will bring scale it hadn't previously enjoyed.

One of the highlights of the holiday season for retailers has been the vast growth of e-commerce, but subscription businesses are also enjoying a sizable bump, providing a potential threat to more static retail gifting.

Australia’s central bank is set to deploy a new, faster payments system enabling near real-time payments for consumers and businesses that will roll out in 2017.

First Data's joining the trend of financial companies that are emphasizing family leave benefits heading into the new year, announcing new policies for caregivers.

Merchant acquirers say the industry has worked over the course of decades to improve its ethics. But some acquirers report that deceptive practices and dubious tactics still exist, and that the card brands could do a better job at enforcing their own rules.

Montreal-based Pivotal Payments, which supplies all sizes of businesses with payment processing services, has named Edward Garcia to the new post of chief operating officer.

Longtime TSYS executive William A. Pruett will retire early next year, after which the company plans to consolidate its North America and International services operations into a single, new unit called the Issuer Solutions Segment.

Merchants should check operating systems, since the PC-based operating systems which run most legacy point of sale software have security flaws and are targets for malware.