Payment processing

The holy grail for any business is sustainable competitive advantage. In the fast-moving payments market, where we are seeing the challenge of near-constant technology-led change, this can appear both elusive and far-fetched.

American Express’ small merchant card acceptance has been generally low, though that performance could improve through a partnership with Moneris, Canada’s largest acquirer.

SunTrust Banks Inc. introduced enhanced rewards and bonuses with three new credit cards for customers about seven weeks after the October EMV liability shift, gaining some headwind with the added security of chip cards and an offer of free FICO score reporting.

As wearable computing transitions from fantasy to fashion, developers are starting to consider the distinct risks that arise when payments migrate away from smartphones.

Verifone has appointed former Oracle executive Christophe Job as a senior vice-president and chief technology officer in charge of global solutions delivery.

Fifth Third Bancorp in Cincinnati plans to record a large fourth-quarter gain after selling shares in payment processor Vantiv.

Merchants today face the daunting task of investing in several payment technology upgrades at once, and the confusion surrounding this process could bolster many pre-existing security vulnerabilities, argues point of sale security expert Chris Strand.

Paychex in Rochester, N.Y., has entered an agreement to acquire Advance Partners in Cleveland.

Innovation and flexibility aren’t attributes often associated with public transportation. But by deploying cutting edge open payment ticketing technologies, transit operators can give their customers greater flexibility and create a more engaging transit network.

IPayment Inc., a payments processor for more than 150,000 U.S. merchants, is exploring options including a sale that could value the company at as much as $1 billion, people with knowledge of the matter said.

The introduction of EMV cards didn't significantly slow transaction times at U.S. retailers during the Black Friday shopping event, but there are still many wrinkles to iron out at the point of sale.

The holidays are approaching, and mobile is going to play a bigger role in e-commerce than ever before. Last year, mobile holiday shopping traffic surpassed desktop for the first time and retailers are expecting even higher mobile traffic this year.

ShopKeep's most recent survey of its 20,000 merchant clients shows two mobile payment trends at odds with one another.

There is a whopping $630.5 billion bonanza of holiday shopping projected to occur this holiday season, according to the National Retail Federation. Though if retailers aren't ready to accept chip cards and mobile transactions, they could miss out.

Despite many merchants' resistance to the EMV migration in the U.S., the chip-card technology can become more appetizing when it is baked into another item on the terminal maker's menu.

Merchants have long known card network rules permit them to charge a different price for accepting cash versus cards, but outside of gasoline retailers, most merchants haven’t done much about it.

First Data and NCR Corp. are flexing their scale muscles in an agreement that brings the technology strength of both companies to the grocery, petroleum and convenience store industries and expands NCR's ATM footprint.

Within less than 12 hours, LoanDepot Inc., a fast-growing mortgage lender, aborted its plan to go public and Fitbit Inc., the maker of wearable devices, priced a secondary offering below the previous day’s close.

MasterCard is integrating software developer Cardtek’s HCEXpert solution to enable Near Field Communication-based mobile payments for customers of MasterCard Payment Transaction Services, a unit of MasterCard.

Western Union has named Elizabeth Chambers as the company’s chief strategy and product officer.