Payment processing

MasterCard and Visa have formed a new group to improve efforts in the U.S. to migrate to the EMV-chip cards other security methods.

As evidenced by recent high-profile data breach incidents at major retailers , keeping payment data secure in today’s world is an increasingly complex challenge.

A new loyalty feature in NCR Corp.'s Silver point of sale system for iPads aims to help small businesses develop and manage customer rewards programs.

Global Payments Inc. has completed its $420 million purchase of Payment Processing Inc., a provider of payments technology and services for smaller merchants.

New Media Insight Group and Loop are promoting different types of mobile payment technology designed to avoid interoperability issues with current payment terminals.

Most issuing banks are not allowing recent retailer data breaches to change their schedules for adopting EMV-chip cards, even though Target and other companies have said they would fast-track their own plans.

Square has reportedly delayed an initial public offering, which gives the company a chance to build more services that position it for sustainable growth in the future, according to payments consultant Richard Crone.

Isis expects a lot of banks will leverage host card emulation (HCE) to build their own mobile wallets, though the telecom-led mobile payments scheme also hopes the technology will add breadth to its own service.

Cellum, a mobile commerce provider, has integrated MasterCard's MasterPass digital wallet with its own mobile wallet offering, OTPay, making it the first third-party in Europe to integrate MasterPass.

As banks continue to study the use of host card emulation (HCE) for Near Field Communication-based mobile payments, Ukraine's PrivatBank says it is one of the first to publicly launch an HCE service.

TSYS has renewed an agreement Missouri-based Commerce Bank to handle its credit and signature debit cards, adding PIN debit services as well.

The U.S. payments industry has long agreed to disagree on the way to properly route EMV debit transactions, stalling the country's shift to chip-based cards. First Data hopes its decision to support and share Visa's technology will finally break the stalemate.

The payments industry still has much to do before anyone can claim mobile payments are secure. Many merchants, consumers, and processors are mistakenly comfortable with notion that encryption equals full security.

Revel Systems and Index are partnering to bring the kind of personalized consumer messaging that's common in e-commerce to the countertops of retail stores.

Visa Inc. and First Data's Star Network will share Visa's technology for routing debit transactions initiated through EMV chip-based cards.

For years, the U.S. has been divided on whether EMV-chip cards should be deployed as chip-and-PIN cards or the simpler chip-and-signature. After the Target data breach drew attention to the threat of data theft, the PIN debate seems to have lost its edge but it hasn't gone away.

Swedish bank Handelsbanken plans to resell a VeriFone-built chip-and-PIN mobile card reader to enable the country's micro merchants to accept card payments through smartphones and tablets.

Target's recent commitment to fast-track its conversion to EMV smartcard technology may not trigger an avalanche of U.S. retailers doing the same, but Target's move seems to have become a catalyst to resolve the payments industry's other issues around EMV adoption.

Ingenico's Roam is launching a mobile card reader with chip and PIN acceptance, and it expects U.S. merchants will want to use it to accept PIN debit transactions even before EMV-chip cards become widespread.

HP plans to sell a tablet-based point of sale system that integrates payments with a number of other business operations.