Payment processing

Too many data breach reports show that companies suffering compromises were unaware that cardholder data was present in their systems. The Payment Card Industry Security Standards Council wants to fix this.

The deployment is aimed to make a national mobile payments migration more smooth and less costly.

Amazon.com has set the standard for e-commerce with fast delivery, invisible payments and many other perks that keep consumers coming back to its site. Increasingly, the e-tailer has been experimenting with ways to streamline the payment process outside of the trappings of its website.

Already under fire from companies like Square, another outsider threatens to cut terminal makers out of the loop. It's up to device makers to adapt.

Vantiv has made a name for itself the past two years in advancing integrated payments at the point of sale, while also welcoming application developers to interact with the company's technology through Vantiv ONE. Its latest move puts its focus on e-commerce.

The sector's below-the-surface problems may now attract closer scrutiny following a leadership shake-up at CAN Capital, which is one of the biggest firms in the sector.

Mastercard cardholders in the U.K. will soon have the ability to choose a financing option for scheduled payments when making a purchase at a Verifone point of sale terminal accepting the new application.

Payments processor and technology provider Total System Services Inc. has begun a long-term agreement to provide debit transaction processing for Virgin Money customers in the U.K.

Verifone has extended its partnership with Worldpay, allowing the terminal manufacturer to provide point of sale software and hardware to Worldpay customers in the U.K.

Fifth Third Bancorp in Cincinnati will record a gain of $9 million during the fourth quarter after selling shares in the payment processor Vantiv.