Payment processing

Global Payments Inc. executives highlighted its strategic partnerships with PayPal Here in the U.K. and CaixaBank in Brazil as vital to its business in the coming year.

In what its president says could be a "watershed event" in the debate over EMV debit transactions, the Secure Remote Payment Council has softened its stance to welcome Visa and MasterCard applications on EMV-chip cards.

Vantiv's deal to buy Element Payment Services, combined with its purchase of Litle & Co. this year, accelerate the payment processor's move toward providing e-commerce and broader merchant services.

The U.S. should follow the model that worked for the U.K. in its "seamless, coordinated" transition to the EMV-chip card standard seven years ago, Auriemma Consulting Group states in a new report.

Groupon has modified its Breadcrumb POS mobile payments app to allow it to handle payments even when the wireless signal cuts out. It was no easy feat.

Visa CEO Charlie Scharf responded to the retailer-backed Merchant Customer Exchange (MCX)'s recent moves in mobile payments by pointing to the growth of Visa's V.me digital wallet, its penetration among merchants, and the fact that MCX's wallet still hasn't launched.

U.K.-based mobile point of sale company iZettle now charges a range of 1.5% to 2.75% based on the merchant client's monthly volume.

John Lunn, global director of the PayPal Developer Network, details the recommitment the company's made to building and maintaining third-party developer tools since David Marcus become president of PayPal in March 2012.

Banks face caps on the card fees they can collect on Visa Europe Ltd. and MasterCard Inc. transactions as the European Union seeks to slash charges imposed on retailers by 6 billion euros ($8 billion) a year.

Discover Chairman and CEO David Nelms emphasizes that the financial benefits of partnerships with companies like PayPal and Ariba will not come right away.

Total System Services, having completed its purchase of the prepaid card marketer NetSpend, has raised its full-year earnings guidance.

American Express Co. will be discontinuing its Deals and Offers program on the Serve digital wallet on August 12.

Shopkick now allows consumers to make purchases directly from its mobile app, which rewards consumers for visiting its merchant clients in-person.

Independent sales organizations can expect business to continue as usual with First Data Corp. despite new faces in top management at the Atlanta-based transaction processor.

TouchSuite says the cloud is the perfect place for salon owners to operate their point of sale systems.

Eat24.com has developed a new point of sale terminal and restaurant management system it intends to offer for free to help clients handle online food orders.

Adquira and Inetco are attacking payment-processing slowdowns by using cloud-delivered technology to track the performance of individual components of a transaction.

DeviceFidelity, which has spent years supporting hardware-based mobile payment systems with the likes of Visa and MasterCard, is reporting success in devoting more attention to the software-based aspects of its moneto wallet.

Three weeks after completing a mobile payment development agreement with China Mobile, the China UnionPay card brand has signed on eight banks to launch a contactless mobile payment system in Shanghai.

PayPal and its parent eBay each expect $20 billion in mobile commerce and payment volume this year, eBay CEO John Donahoe says.