Payment processing

Heartland Payment Systems will use Alaric's Fractals fraud prevention and detection product to monitor the 300 million card transactions it processes each month.

Banks and payment card providers would face caps on the transaction fees they can demand from retailers under European Union plans to rein in charges that have been attacked by regulators as anticompetitive.

For the past two weeks, Visa, MasterCard and Discover have been meeting with each other and with regional debit networks to hammer out the business agreements necessary to route debit transactions on EMV-chip cards in the U.S.

Tablet point of sale technology provider ShopKeep POS has hired Todd Lasher as vice president and general manager of its channel business.

DeviceFidelity has chosen MoneyGram to be the money transfer provider for its moneto mobile wallet.

Western Union's Business Services division will offer a global tuition product that allows international students from South Korea and China to pay tuition in their own currencies.

Have you ever imagined starting your own bitcoin exchange? Soon, Vancouver-based Bex.io will make that possible by deploying exchange functionality under a Software as a Service (SaaS) model.

Dubbed the "Athens of America" because it's rife with colleges and universities in the area, Boston is becoming a hub for tech startups as recent grads — and even dropouts — bring fresh perspective to the payments industry.

C-Sam Inc., Dai Nippon Printing Co. Ltd. and HyperSoft Co. Ltd. have jointly developed "Salon de Wallet," a mobile wallet for beauty salons in Japan.

Cloud payment processor i2c Inc. and Heartland Payment Systems have teamed to provide prepaid card processing services. Their first collaboration is to add features to the National Restaurant Association’s Edge prepaid card program.

Virtual Piggy has linked its youth payments engine to Innovation First International, which makes robotic toys and educational tools.

Businesses that provide payments services to companies that collect or use consumer data should closely watch the FTC’s recent lawsuits against two processors and fully assess the legal risks that might be associated with their business relationships.

Capital Services plans to begin offering its internally-used suite of payments, consumer and portfolio management tools to a broad market of financial players.

Payments and marketing are getting closer than ever, and several companies are blurring the line between where the payment ends and where the pitch begins.

Google requires the early adopters who buy its Google Glass headset to purchase it using Google Wallet. What are the implications for Google's payments strategy?

GoCardless is using a link to Sage's accounting software to improve the experience of automating business-to-business payments in a market that typically lags the consumer payments market.

Financial institutions with at least $10 billion in assets knew they would take a hit to their revenue when the Durbin amendment capped interchange pricing. But smaller issuers, who were exempt from the cap, have seen a drop as well.

The Merchant Customer Exchange (MCX), a mobile payments initiative created by major retailers, will use technology from FIS to speed processing and provide access to accounts at a large range of financial institutions.

The payment processor Global Payments Inc. will offer its U.S. merchant customers an iPad point of sale system from ShopKeep POS.

The next big idea for payments is ready to spring to life, and MasterCard wants to be there when it happens.