Payment processing

The person VeriFone's board of directors chooses as its next CEO must move quickly to address the myriad challenges facing the point of sale terminal maker. But opportunities abound that make the company's revival a worthwhile undertaking.

Online merchants reacted to Visa's creation of 3D Secure to protect card-not-present transactions more than a decade ago with a resounding thud. But the software has become a viable option to protect card data online, according to a new report from Aite Group.

Starbucks has hit some snags in its attempt to maintain momentum for its mobile card app and its deepening partnership with Square, but for the coffee giant, such issues are an expected part of its aggressive expansion plan.

The April 1, 2013 deadline for U.S. acquirer processors to accept EMV smart-card payments has arrived.

EBay and its payments subsidiary PayPal are aggressively mining consumers' spending data, which they say is vital as shopping expands across mobile, online and physical shopping channels.

Global Payments and edo have started a pilot program to integrate edo's card-linked offer product with Global Payments’ marketing services.

The smaller debit networks are ready to join the larger networks in supporting Discover's technology to meet federal rules on routing EMV debit transactions, but they still await clarity from Visa and MasterCard.

NCR is launching NCR Aloha Mobile, which allows restaurants to deploy tableside mobile systems for handling meal orders and payments.

For the two-year-old LevelUp, the national expansion of a pilot the mobile-payment provider ran with the 16-year-old processor Heartland Payment Systems is nothing short of a godsend.

Zipmark's payment service targets the dying — but not dead yet — paper check.

The major regional debit networks have unanimously chosen Discover's technology for a common code, or application identifier, for routing EMV debit transactions in the U.S. — but the debate isn't over yet.

One of the first successful adopters of in-store mobile payments and digital rewards, Starbucks plans to launch new initiatives that will expand the company’s loyalty and payment programs across channels.

Heartland Payment Systems and SCVNGR's LevelUp are taking their merchant services and payments bundle, which they earlier tested in a handful of cities, nationwide.

Leaf, a company that offers a payments-specific tablet, is opening to more processors in an effort to lure merchants away from Square and other point of sale acceptance companies.

Visa CEO Charlie Scharf says a card network changing its pricing and rules for digital wallet providers is "totally appropriate to do" as rival payment companies evolve.

A pending MasterCard "staged wallet" fee, set to take effect in June, is setting a new tone for the emerging payments landscape.

VeriFone promoted its executive vice president of operations to the role of chief operating officer and appointed three other executives to regional president posts, the point of sale terminal manufacturer announced this week.

Visa Inc. would benefit from buying Visa Europe Ltd. because creating a single global business would outweigh regulatory risk, JPMorgan Chase & Co. says.

As VeriFone Systems Inc. seeks new leadership to help it tackle its ongoing challenges, smaller rivals are looking at their own operations to determine which opportunities to seize in the payments hardware market.

Planet Payment’s financial performance declined in the past year due in part to investments in new technology, which the company expects will improve acquirers’ ability to add services directly to point of sale systems, says CEO Philip Beck.