Payment processing

Payment terminal maker VeriFone has appointed Paul Galant, previously a Citigroup payments executive, to be its chief executive officer and a member of its board of directors, effective Oct 1.

Richard Lyon is the new commercial director for Northern Europe at Spire Payments, a payments technology company.

In a very short time, Florence Savings Bank has seen its customers demonstrate a fanatical devotion to its new instant debit card issuance system.

MasterCard is actively building payments capabilities for Google Glass, Google's wearable computing device.

United Merchant Services Inc., a vendor of payment processing and point of sale systems, has received funding from The Goldman Sachs Group Inc. to expand globally and to enhance its technology platform, client service and sales effort.

The Isis Mobile Wallet initiative has suffered a setback with Capital One and Barclays pulling out of current testing, but the Isis venture has just as many issuers staying on to fuel its upcoming nationwide launch.

The U.S. Federal Reserve’s rules for debit-card transaction fees and processing will remain in place while the central bank appeals a decision throwing out the regulations, a judge said.

When Google decided to create an iPhone version of its Google Wallet, it turned to Austin-based Mutual Mobile for help — the same app developer that's quietly working on an overhaul of the Isis mobile wallet.

An iOS version of Google Wallet launches today on the Apple App Store, bringing the search giant's recently revamped mobile wallet to iPhone devices.

It's been five months since PayPal began disseminating its point of sale payment system to all Discover merchants, but First Data, a massive Atlanta-based payment processor, isn't in any rush to support the initiative.

Widespread adoption of same-day settlement will level the competitive playing field for all financial institutions and allow account holders to benefit from expedited settlement.

Revel Systems saw an opportunity in the power outage that halted the last Super Bowl. And it's an opportunity that has started to show results.

Daniela Mielke is the new chief strategy officer at Vantiv, where she will help lead product innovation, profitability, revenue and scale for the Cincinnati-based payments processor.

LevelUp's software development kit (SDK), released last week, allows companies such as Zuppler to add mobile payments without drawing users away from the merchant's branded mobile app.

When Shae Whitney was selling bitters at farmer's markets for a year and a half, she used Square's mobile card reader to accept payments. But when she opened a retail location with her partner in June, she switched to Groupon's iPad-based point of sale system, Breadcrumb.

As banks desperately try to lower their risk at the point of sale, a San Jose startup is working to create a device ID and authentication scheme that it hopes will eventually reduce fraud.

Payment processor Cynergy is getting into the mobile point of sale game, hoping its existing mix of merchant services and mobile technology will capture attention in a crowded market.

MagicBand, a system that Walt Disney Co. has been testing all year with a limited number of employees and Walt Disney World resort patrons, seems to be poised for success based on what looks like an extreme level of commitment to it — so far.

Payments technology company TIS will work with SAP to streamline Single Euro Payments Area [SEPA] compliance.

MasterCard is placing more emphasis on things like airline boarding, wearable computing and many other things the card network contends can be used to win a consumer's business long before the payment is made.