Payment processing

U.S. Bank has launched a travel payments engine that provides unique identifiers for each transaction instead of a centralized billing umbrella.

The payment processor Planet Payment has named Carl Williams as its president.

Former First Data CFO Cheryl King will assume the same position at PaySpan, a health care payment automation company.

SaaS-based technology provides a blended approach to remittance processing that enables financial institutions to outsource infrastructure responsibilities, while retaining the management of transaction processing, bank deposits and receivable updates.

Hybrid PayTech World Inc. is offering programs to allow application developers to incorporate the company’s multi-operating-system payments technology.

Planet Payment Inc. has entered a multi-year extension for its agreement to provide multi-currency payment processing services for Network International LLC.

Corporate payments provider Wex will acquire the assets of ExxonMobil’s European commercial fleet fuel card program, called the Esso Card.

The Harland Financial Solutions brand is being retired effective at year-end and will be replaced by the D+H brand. Toronto-based D+H acquired Harland Financial Solutions in July, bringing to more than 6,200 the number of credit unions and banks serviced by the combined entity.

The Twitter initial public offering culminated with the ringing of the New York Stock Exchange's opening bell Thursday, the social media site becoming a public company valued at more than $14 billion. But Twitter co-founder Jack Dorsey isn't done with Wall Street yet, as he's reportedly begun exploring an IPO for Square, the mobile payments startup he co-founded in 2009.

Harbortouch has released its Perkwave integrated point of sale terminal with EMV-chip and Near Field Communication capabilities.

Decoupled debit cards, which enable payments from a checking account at a separate bank, are getting a lift from gas stations — but the product is also under fire from new products, including mobile wallets.

ACI Worldwide completed its $109 million acquisition of electronic billing technology developer Official Payments Holdings.

On Track Innovations Ltd. (OTI) plans to ship 40,000 Near Field Communication payment readers to North America by the end of the year.

Square Inc.'s new partnership with Staples treats the office supply seller as both a distribution channel and a showroom for its Square Stand point of sale system.

HIG Capital's April acquisition of Pegasus Financial Services has resulted in the creation of Onyx Payments, which will process payments and provide financial services software to the hotel and travel agency industries.

Visa Inc. has partnered with Blue Label Mexico to bring electronic payments to hundreds of thousands of small merchants.

As the U.S. adoption of EMV-chip cards encounters legal roadblocks and merchant opposition, critics have questioned whether the card networks' October 2015 deadline is overly aggressive.

MasterCard, echoing remarks made 16 hours earlier by Visa, is placing security at the heart of its emerging payments strategy.

Signature Card Services is bringing a dose of e-commerce to the U.S. migration to EMV-chip cards.

Visa Inc. posted a fiscal fourth-quarter profit that matched analysts’ estimates as U.S. retail spending strengthened.