Payment processing

In comparison to the countries that have already implemented faster payments, the U.S. market contains a far larger and more diverse array of financial institutions that would have to implement the system in order for ubiquity to be achieved.

Visa has accumulated a 9.99% stake in Square, according to a filing with the Securities and Exchange Commission, giving a boost to the mobile point of sale company, which has faced challenges recently.

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.