Payment processing

By now, many merchants should be wondering if they made the right decision by failing to act before last fall’s EMV liability shift.

U.S. Bancorp has hired John Steward as president of its retail payments solutions division.

Most consumers, when dining, still enjoy the simplicity of dropping cash on the table than using something newer, like an EMV card or a mobile wallet, even when those payment forms are becoming more commonplace in other stores.

Heartland Payment Systems is quickly accumulating technology to serve smaller merchants and restaurants, two key pieces of the services that made the processor attractive to Global Payments, which is in the midst of acquiring Heartland.

Golf course management software provider Club Prophet Systems is using the linked2pay application interface to add Automated Clearing House payment acceptance as an option for its clients.

In the past year, Verifone's European market share has grown more than 10 percentage points, and Felix declares it her proudest moment in a career that spans 26 years.

Seamless, a Swedish maker of mobile payments software, has partnered with Xpress Money for international money transfers.

At the four-month mark after the U.S. EMV liability shift went into effect, it's still a waiting game; larger issuers and merchants tend to be on top of the chip-card situation and many smaller ones are not, but experts say it's too early to draw conclusions.

The rush to be a "one stop" for merchants by bundling mobile, Web and in-store payment technology is proving to be a heavy lift, in terms of cash, resources and IT skills.

Verifone, which is challenged to move beyond its reliance on selling traditional payments hardware, is producing an almost dizzying array of products in hopes of diversifying.