Payment processing

Smartphone commerce company LoopPay has released LoopWallet, as well as a fob that enables users to store payment credentials.

Retail giant Target Corp.'s headache-inducing data breach brings to mind the 1982 Tylenol poisoning crisis—an event that drug maker Johnson & Johnson handled with such aplomb that it restored public confidence in its medicine, altered the way retailers handle product safety and established itself as the gold standard for crisis management.

E-commerce technology provider Payza will offer an outsourced service that allows U.S. merchants to accept card payments directly into their business bank accounts.

Mobile point of sale devices typically clip onto phones to allow the handsets to read card payments, but this approach is not the only option.

Square's plans to install payments technology in Whole Foods stores will not hurt the processor Vantiv, CEO Charles Drucker contends.

PNC Merchant Services has begun offering Clover Station, a tablet-based point of sale system, to restaurant owners and managers.

Daniel Lee has been accepting Bitcoin at his family's seven retail stores in Fort Greene, Brooklyn since March 2013 by having customers send the digital currency to wallet addresses he manages.

Whole Foods Market has agreed to use multiple versions of Square Inc.'s mobile payments technology.

Russian customs payments processor Multiservice Payment System has deployed technology to combine a Web transaction portal with electronic declaration services at the point of sale.

The recent retail data breaches are drawing attention to instant card issuance as a way to repair consumer relationships.

The ATM Industry Association named Gregory Sahrmann and Steve Gernes as co-chairs of the nonprofit trade association's U.S. board of directors.

First Data is partnering with The Members Group to offer financial institutions a streamlined process for issuing EMV-chip cards.

NBS Payment Solutions in Toronto, Canada, has acquired substantially all of the assets of Equinox Payments in Scottsdale, Ariz.

Target Corp. will move toward EMV smartcards and chip-and-PIN technology at least six months sooner than the card networks' October 2015 timeline for the security measure, says John Mulligan, Target's chief financial officer.

Federal legislation is needed to enhance cyber-threat information sharing so that good-faith responsive actions and information sharing will not trigger legal liability.

The likes of Apple and Amazon are becoming bigger threats to incumbent payments companies, but MasterCard CEO Ajay Banga says his company views these players as potential allies.

Online payment provider Acculynk is offering online merchants a real-time service to make payments directly to the debit card account of small businesses or individuals.

The recent spate of retailer data breaches demonstrates the need to embrace security methods such as EMV-chip cards and tokenization to protect transactions, Visa CEO Charlie Scharf told investors on Jan. 30.

Merchants can't pass the blame for data breaches onto financial institutions because protecting consumers is a shared responsibility where both sides have to meet their responsibilities.

Total System Services CEO Phil Tomlinson took time out from discussing record revenue during the payments processor's Jan. 28th earnings call to proclaim his company safe from the slate of recent data breaches that have afflicted Target and other retailers.