Payment processing

Any new payments technology is a gamble, and many major retailers refuse to take a risk on untested technology. But small merchants are usually more willing to experiment, and a few have bravely given new payments products their first big chance.

The terminal swapouts that accompany the EMV chip-card migration in the U.S. should help VeriFone recover from its performance slump, according to Northcoast Research.

A new Jack Henry program can speed EMV-chip card migration for card issuers by up to a year — but only for credit cards, since ongoing legal issues hamper the use of EMV for debit cards.

MasterCard, C-SAM and DNP are preparing to launch a white label mobile wallet service in Japan.

E-Commerce services provider Digital River is launching a mobile payment acceptance product called Beanstream Mobile.

Online and mobile payments processor WePay's has seen the number of developers using its application programming interface (API) grow by 284% in the past year.

In a crowded field of Square-like vendors, the Berlin-based SumUp hopes to stand out by virtue of its executive experience, its strong partnerships and funding, and a more comprehensive role in developing its own hardware as well as its software and services.

The U.S. Federal Reserve’s rules for debit-card transaction fees and processing should remain in place while the central bank appeals a decision throwing out the regulations, according to retailers who oppose the new directives.

The concept of using the payments stream to promote donations is compelling because it provides an easy way to link everyday consumer payments with charitable giving.

Twitter's decision to hire a head of commerce signals that the company plans to play a significant role alongside the many companies that have sought to transform the social media site into a platform for payments.

PayPal Canada is collaborating with TouchBistro to allow customers to use smartphones to "check in" and pay at restaurants.

For merchants that use mobile point of sale technology, the U.S. migration to EMV-chip cards may still be a couple of years away. Roam aims to make it possible to accept EMV cards ahead of schedule.

Lawyers for clothing retailer Genesco Inc. last week requested summary judgment on its request to dismiss $10,000 in data breach fines from Visa Inc.

Former Citigroup payments executive Raja Rajamannar will be the new chief marketing officer at MasterCard, effective September 9.

Jack Henry's JHA Payment Processing Solutions (PPS) will offer an expedited EMV implementation process for U.S. chip-card issuance.

Fraudsters are once again taking a shine to using tin foil to tamper with the satellite dishes that gas stations use to transmit payment card data to authorizing banks and processors.

Developing the Starbucks mobile payment app stands as a badge of honor in the career of Chuck Davidson, who is now the head of product for CardFree, where he continues to work alongside several of the experts who helped make the Starbucks app a massive success.

The U.S. Federal Reserve asked that its rules on debit-card transaction fees and processing be left in place while it appeals a decision that they are illegal.

PayPal's building its move into physical stores brick by brick, and its processing partnership with TSYS is one of its largest moves to date, threatening to grab payments business away from card-issuing banks.

TSYS has agreed to process PayPal payments made through the eBay subsidiary's partnership with Discover.