Payment processing

The days of salesmen peddling point of sale terminals by simply pulling hardware out of a box are likely numbered.

Touch-screen point of sale systems make a substantial impact on a merchant’s bottom line. In fact, a POS system typically delivers 4% to 8% in operational savings, resulting in a significant improvement to a merchant’s profitability.

Global Payments Inc. has promoted David Mangum to the role of president and chief operating officer and hired Cameron Bready to succeed Mangum as chief financial officer.

Card manufacturer CPI Card Group is bulking up to handle the anticipated demand for EMV-chip cards as issuers and merchants rush to meet the 2015 deadline set by the card networks.

VeriFone has to concentrate on delivering EMV technology to several different customer groups while also making sure its product offerings stay manageable, CEO Paul Galant says.

Groupon Inc. is expanding its in-store payments business with a new service that lets merchants identify customers with the company's coupons and enable them to pay for purchases using Apple Inc.'s iPad mini.

MasterCard has agreed to purchase Opus Software's electronic payment and card technology subsidiary ElectraCard Services.

U.S. banks and other companies may already be closer to EMV compliance than they realize, says Mansour Karimzadeh, managing director and chief technology officer of payment consultant and technology company SCIL.

Many card issuers think they only have two options when it comes to EMV—keep all issuance in house or outsource.

BitPay will partner with Toshiba to support Bitcoin digital currency acceptance at the physical point of sale through Toshiba's VisualTouch software.

The words ‘payment’ and ‘innovation’ don’t always go together, nor should they.

Executives at processor Total System Services can't predict which of the many existing mobile payments technologies will dominate the payments landscape of the future, but they plan to aggressively go after the processing business that follows.

Discover's Pulse network and MasterCard have agreed to allow card-issuing banks using both networks to use MasterCard's technology to route EMV debit card transactions.

The U.S. EMV migration is high stakes, complicated and probably won't get done on time to meet the deadlines set by the card networks, according to Vantiv's Patty Walters.

E-commerce has led to a rapid expansion of the options and methods of executing payments.

The payment processor Vantiv has agreed to buy Mercury Payment Systems LLC for $1.65 billion to expand its services for cloud-based payments integrated into other technology, says Vantiv president and CEO Charles Drucker.

Vantiv Inc., a provider of payment-processing services to retailers and financial institutions, is near a deal to acquire Mercury Payment Systems Inc. for about $1.65 billion, people with knowledge of the matter said.

Apple will be ready to accept Near Field Communication payments from phones in its stores, even though none of its consumer devices support NFC out of the box.

Over the course of the NACHA Payments Annual conference, ACI conducted a survey to capture the sentiment of our industry experts and practitioners on hot topics impacting the payments ecosystem. We included mobile payments and real-time ACH, the latter of which generated interesting feedback and spirited discussion that was both insightful and directionally important to where we are headed as an industry.

Contactless payment cards may never have had strong footing in the U.S. to begin with, but perhaps the biggest sign of the technology's downfall is JPMorgan Chase's admission that its Blink cards never quite caught on.