Payment processing

Because third-party processors are on the hook for losses from fraudulent transactions, they have as much interest in eliminating bad actors as anyone.

PCI services and merchant intelligence provider Sysnet Global Solutions is working with iScan Online, which specializes in security scanning of devices, to provide acquirers with new mobile security.

Ingenico is planning to deploy a new lightweight payments acceptance device in North American markets this fall.

The PCI council continues to expand its reach, with the intent of remaining a strong guide for data security well into the future.

Building on a new mobile payment gateway that MasterCard developed for Egypt, an Egyptian bank last week launched the Phone Cash mobile wallet for consumers.

First Data has signed an extension of its merchant services partnership with Provident Bank, a $7.3 billion-asset bank that services central and northern New Jersey.

General Payments Systems has developed a software and hardware system that will allow its government agency clients to automate the collection of payments by check.

The Digital Media Zone at Ryerson University is home to many startups that hope to someday be as successful and famous as Square or LevelUp.

PayPal's $800 million deal to buy the payments processor Braintree fuels a fast-paced acquisition streak that has granted PayPal some of most disruptive technology — and people — in the payments industry.

As the U.S. payments industry advances in its migration to EMV-chip cards, some merchants perceive the EMV push as "a giant head-fake" to establish a foundation for mobile payments based on Near Field Communication technology.

MasterCard is working on new mobile payments functions that give shoppers the choice between Near Field Communication chips and QR codes — two mobile payments methods that have competed in the market and are typically treated as mutually exclusive.

Former VeriFone CEO Douglas Bergeron has partnered with private equity shop GTCR to form Opus Global Holdings, a company that will pursue acquisitions in the financial technology and payments sector.

Italian mobile point of sale company Jusp has launched a mobile chip-and-PIN card reader as a plug-in device, veering from the more common approach of using a separate Bluetooth device.

Consumers aren't letting go of their debit cards just yet, but an improving economy is motivating some of them to dust off their credit cards, MasterCard Inc. says.

U.S. banks and merchants face many obstacles in preparing for EMV chip-based cards at the point of sale — and the Web is no less reluctant to change.

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.