Payment processing

U.S. consumer spending this holiday season appears to be on track to surpass last year's even after initial reports of a Black Friday retail-sales slump, according to MasterCard Inc. Chief Executive Officer Ajay Banga.

U.S. issuers, acquirers and merchants that are executing EMV migration projects face liability shift dates and increasing consumer demand for more secure transactions.

Revel Systems plans to expand in Europe after securing a $1.2 million grant from Invest Northern Ireland.

When the iPhone and iOS launched in 2007, Apple initially didn’t provide support for third party developers.

Discover's lawsuit this week against Visa stems from years of practices that have their root in the Durbin amendment's debit-routing mandates, and Visa will likely have several ways to counter its rival's allegations.

Seeing an opportunity to advance international and online debit transactions and take advantage of a growing mobile payment market, MasterCard is working to establish a debit card presence next year in Canada.

Unless you’ve been completely sequestered away from technology news as well as mainstream news, you probably have heard of the new Apple iPhone 6 and 6 Plus as well as Apple’s new point of sale ecosystem called Apple Pay.

Modern technology has turned the payments industry into a juggling act, particularly for those charged with deploying new techniques to protect payment card data.

U.K.-based terminal maker Spire Payments has purchased the electronic funds transfer division of STS, a company that provides point of sale payment devices to more than 40 customers across the Middle East.

In my dreams, I can walk up to any cashier and make a payment by waving my hand over a terminal, much like Obi Wan Kenobi's "These aren't the droids you're looking for" trick in Star Wars. And that's all I would have to do.

It's not just merchants, issuers and technology companies that are using mobile technology to sell new payment services. As a business software provider, Intuit has been uniquely positioned to link its products to a number of payment initiatives.

Apple Pay's launch about a month ago was accompanied by an almost unprecedented amount of hype and media attention, but it takes more than buzz to shift the world to mobile payments, and Apple's job is far from over.

Elan Financial Services will use MasterCard's common debit application identifier technology when processing transactions through its MoneyPass ATM network.

Mobile point of sale technology is gaining traction, though providers say the middle market requires a stronger sell.

Payments are proving to be an enticing use case for wearable computing, drawing the attention of companies as varied as amusement parks, banks and phone manufacturers.

The card networks are under pressure in a number of countries, providing ammunition for retailers wanting similar cost adjustments in the U.S.

As the mobile point of sale market matures, more merchants will migrate from smartphones to tablets, which Roam's Scott Holt said requires device-specific changes in design and technology.

The device, known as Clover Mobile, allows merchants to perform a variety of business functions, including scanning inventory and taking payments, using a mobile tablet. Earlier versions of Clover, called Clover Station, were designed to be affixed to a countertop.

Verifone is changing its logo and marketing to signal the many pivots it is making to provide a broader range of services to merchants that must embrace mobile and digital technology to stay relevant.

The Peterbrooke Chocolatier has a new recipe for mobile payments: it's blending Apple Pay with NCR's order-ahead and mobile point of sale technology to engage its customers in a new way.