Payment processing

The U.S. migration to EMV chip cards has been rough, according to U.K.-based Creditcall, which hopes its new certification from First Data can smooth things out.

Quick service restaurants often have to make technology decisions faster than other restaurant categories, and the regional fried chicken chain Zaxby's is no exception.

Five months after the U.S. EMV liability shift for counterfeit card fraud went into effect, most restaurants aren't processing chip cards, and that's not changing anytime soon, according to a top executive at Heartland Payment Systems.

Payveris’ Jeff Weikert recently took the position that faster payments are more of an opportunity than a threat to financial institutions’ customer relationships. I agree, and see faster payments as not only an opportunity, but a responsibility to our customers and all consumers in the U.S.

Through a partnership with fraud prevention provider Ethoca, Total System Services Inc. is offering card issuers and merchants a new tool to prevent e-commerce chargebacks.

JetPay, a payments processor and provider of card services, has agreed to buy CollectorSolutions, also a payments processor.

Chase Pay, JPMorgan Chase's mobile wallet, has just landed an unlikely early partner with a history of going it alone: Starbucks.

Wal-Mart Stores Inc. has been pushing ahead with EMV card adoption and the Merchant Customer Exchange mobile wallet, but gave little to no attention to them during its Feb. 18 conference call to discuss fourth-quarter earnings.

Only 37% of U.S. merchant locations are fully equipped for EMV card acceptance, narrowly missing a projected 40% rate of deployment predicted by management consulting firm Strawhecker Group, according to research it published Wednesday.

Matt Taylor, formerly the CEO of Mercury and now group president of integrated payments and emerging channels at Vantiv, shared insights into how his company made the right decisions at the right time.

Football season may be over, but the game is just getting started for the payment companies that saw the Super Bowl as their own proving ground.

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.