Payment processing

Payment processor Heartland Payment Systems has acquired MCS Software.

VeriFone Systems plans to offer a new portable card terminal that can accept EMV-chip card payments and uses several wireless technologies.

First Data has introduced new services for small to medium-sized businesses that work with its Clover Station tablet-based point of sale hardware.

Digital coupon provider Coupons.com Inc. is offering consumers the option to link the site's offers directly to their credit or debit cards.

Gyft, a provider of virtual gift cards, plans to launch Gyft Cloud, a marketplace for merchants to sell their own digital gift cards with Clover Station, a tablet-based point of sale system developed by First Data Corp.

There is much discussion around the demise of cash and quite rightly so. These are exciting times for the financial industry with substantial growth in payment innovation. Respondents to numerous surveys claim that they will use their mobile phone, contactless card and other alternative payments in the future and that they currently mostly pay for everything on card and over the Internet.

The merchants who want to use Leaf's tablet for payments, called LeafPresenter, often also need transaction services. Through the launch of its online marketplace, Leaf will now be ready to offer information from a host of merchant acquirers.

Data security provider Foregenix is in the thick of the endless war on cybercrime. And the payments industry's biggest weapons are no deterrent to fraudsters, says Andrew Henwood, CEO of U.K.-based Foregenix.

The payments processor First Data has appointed former AOL executive Michael Manos as its chief technology officer.

SCVNGR's LevelUp has begun a campaign to urge users of its mobile wallet to fund payments from a debit card instead of a credit card. The end goal is to get its transaction fees as low as possible, while filling a void left by merchants who switched away from another pricing model it boldly called Interchange Zero.

In the technology market, making the jump from early adoption to the mainstream is the difference between becoming the next iPad and becoming the next Laserdisc. Mobile wallets find themselves in this very position today as a next-gen product in need of a push to reach their tipping point.

VeriFone Systems had five of its Payware EMV-enabled mobile card readers approved for the Visa Ready Program.

First Data has completed a licensing agreement with MasterCard to enable EMV debit MasterCards to work on the Star Network.

December’s breaches made the most headlines, but the bad news for retailers seems to keep coming every few days, alternating with the latest weather reports to make up a good chunk of every evening newscast.

Already a major card issuer in the military market, Navy Federal Credit Union is working to expand its merchant services business through new agreements with Square and TSYS.

McDonald's customers in Thailand now have the option to make credit card payments to a mobile device as part of the McDelivery 1711 service.

MyECheck, a payment technology developer, has licensed its mobile payment system to three companies.

LevelUp is offering users a monthly cash back bonus for linking a debit card as a funding source for its mobile payment app.

EMV-chip technology has driven down fraud on Canada's Interac debit network, but that fraud isn't moving online. It's fleeing the country.

First Data Corp. has named Attra Infotech, a global banking and payments services provider, as the first participant in its developer license program for the VisionPlus and AccessPlus products.