Payment processing

According to the Millennial Disruption Index, millennials believe payments innovation will come from outside their bank, with nearly half showing more confidence in what startups and technology companies add to payments than what their banks do. This presents a challenge and an opportunity for financial institutions moving forward.

PayPal and the mobile technology provider QikServe are working to enable U.K. hospitality businesses to accept orders and payments through the PayPal smartphone app.

Mobile imaging is vital to Green Dot's GoBank account, which relies on the mobile device for nearly all customer interaction.

Global payments processor 2Checkout has closed on the final tranche of a $60 million investment that it will use to fuel its move into international markets.

Most financial institutions and issuers of debit and credit cards, as well as merchant branded private label payment schemes, miss three key areas of due diligence in their return on investment (ROI) analysis of card-linked offers (CLO) programs: Incremental merchant results (Performance), Consumer offer targeting (Relevancy) and Merchant offers (Content).

Fueled by a new round of funding, Tradeshift plans to keep changing the way businesses make and receive payments through an open, cloud-based platform that connects a half million companies.

Quick Fuel, a provider of fueling solutions for commercial fleets and other U.S. businesses, has partnered with payments processor Comdata in an attempt to speed fueling and boost security.

Total System Services Inc. plans to build upon NetSpend's new partnerships with Western Union and Paychex to boost its presence in the prepaid card market, which it says can reach 68 million underserved consumers throughout the world.

Chip-testing provider Fime America has developed an EMV chip migration consulting package designed for the U.S. payments industry, which is migrating to the EMV standards.

Apple is interviewing payments industry executives, according to the technology news site Recode, suggesting the computing giant is getting closer to launching a payments operation.

Global payments processor Optimal Payments Plc has reached a five-year agreement with Ontario Lottery and Gaming.

Card-linked marketing is a useful but underused method to reach consumers, according to a new survey of chief marketing officers by Bank of America and The CMO Club.

Domino's Pizza customers with Android devices can now pay for their pizza through the Google Wallet.

Rockville Centre, N.Y., is bringing back Parkeon's parking meters after a pilot last year, but is removing a feature that provides consumers with coupons to local merchants.

Momentum is building for debit EMV as the Shazam Network and Visa Inc. announced an agreement today to enable issuers to use Visa's common debit application identifier (AID) for Visa- and Shazam-branded cards and transactions.

Payment technology provider Merchant Warehouse has agreed to market services from the hospitality mobile payments vendor TabbedOut.

SCVNGR's LevelUp is reducing its mobile wallet's transaction fee from 2% to 1.95% in its continued attempt to shave interchange costs.

CO-OP Financial Services has entered into an agreement with Visa to make the Visa EMV common debit solution available to its credit union clients.

The restaurant chain Buffalo Wild Wings will use the NCR Aloha Online Ordering system in its 1,000 company-owned and franchised locations in an effort to improve its takeout ordering business.

This rise in data breaches and their resulting cost have companies asking “Am I doing enough to protect my data?” As breaches are expected to continue escalating, taking the proper steps to protect your data has never been more relevant or important.