Payment processing

Genesco's $13 million lawsuit against Visa Inc., filed last week in a Tennessee court, has a similar ring to it as a countersuit Cisero's Ristorante and Nightclub in Park City, Utah filed last year against its acquiring bank and processor.

Trying to start a "paper recession," Billtrust announced it will be adding quick-response (QR) codes to bills to push consumers to use electronic bill pay.

While the federal government's in a cost-cutting mood, electronic payment providers are actively promoting their wares to the agencies and companies affected by the new constraints.

Planet Payment will allow electronic commerce merchants in the U.S. and Canada to accept UnionPay cards, one of the largest card brands in the world, with more than 3.5 billion cards issued internationally.

Payair's technology supports many mobile-payment methods, but the Swedish company is promoting only the most straightforward forms through its integration with Cash IT.

The U.S. may not follow other countries' lead in forcing EMV chip-card users to use a PIN, but data from a biannual Federal Reserve Board survey indicates there is value to sticking with PIN.

Visa will work with Planet Payment to extend payment processing in international markets such as Myanmar.

VeriFone's stock price recovered slightly upon CEO Bergeron's resignation, signaling investor interest, and competitor Pax Technology was quick to draw attention to recent speculation that VeriFone would be for sale.

Intuit is making Inuit Pay generally available in the UK, enabling businesses to accept credit and debit payments in person and over the phone.

The company’s new iPad app can perform many of the same functions as its iPhone app, such as accepting PayPal and swiped card payments. The iPad app is being targeted at businesses that require hardware more robust than an iPhone to accept payments, yet don’t have a point-of-sale system.

In an interview with PaymentsSource, Cohen describes the opportunities that arise for companies like Merchant Warehouse amid the rapid changes taking place in the payments industry.

Global money transfer company Xoom is launching Pay Only When Received (POWR), a model through which the company does not withdraw money from a sender's bank account until the funds reach the recipient.

Independent sales organizations and agents can use automated clearing house and credit card data to identify the most likely prospects for transaction services.

A shareholder lawsuit alleges current and former VeriFone executives made false and misleading statements about the company's financial performance to artificially inflate the stock price—duping unsuspecting investors and allowing executives to cash in millions of dollars' worth of stock.

Lawmakers are looking into removing the roadblock that currently exists in California for mobile-pay startups that either can't afford the compliance costs for state licensing or define themselves as Web-based marketplaces, rather than true money transmitters.

B+S, a German payment processor, will provide services that would give merchants in the UK the ability to accept card payments from Chinese tourists making purchases.

U.S. Bancorp's global payment subsidiary Elavon is opening a mobile innovation center at its Atlanta headquarters to build technology for merchants.

PayPal's recent updates to its software tools for developers provide a clue to its long-term plans for the Card.io, the mobile payments tech provider PayPal bought last year.

Doug Bergeron's departure as CEO of VeriFone comes at a time when the point of sale terminal manufacturer disclosed that it has engaged in business dealings with Iran that may have been prohibited by recently enacted sanctions against the Middle Eastern country, as well as a recently filed shareholder lawsuit alleging securities fraud.

Doug Bergeron will step down from his roles as CEO and a board member at VeriFone, effective March 12, the point of sale terminal maker said today.