Payment processing

From the start, mPowa CEO Dan Wagner has talked about partnerships being the key to getting his company’s chip-and-PIN mobile card reader into the hands of merchants – and eventually becoming a formidable foe to the likes of Square Inc. in the U.S.

After a frustrating year of knocking on doors, Sandra Young still couldn't persuade merchants to sign up for transaction services. She then decided to dedicate herself to a chore not many independent sales organizations or sales agent relish – convincing gas station owners and managers to accept card payments at the pump.

ShopKeep, which provides an iPad point of sale system, began supporting payments from SCVNGR's LevelUp loyalty and mobile payment system this week. One early adopter is already reporting success with the combined system.

Merchant objections to the proposed $7.25 billion swipe-fee settlement are likely to mount following another delay in an appeal ruling.

Visa's V.me digital wallet is picking up momentum and the initiative is "right on the point of the spear" of the card network's product development strategy, Visa says.

A café chain in northern New England is telling its customers that hackers may have breached the company’s payments system. The Works Bakery Café is a small target but its experience is indicative of a bigger trend in data security.

What did mobile wallets look like before Apple and its peers invented the consumer smartphone market and launched App Stores to distribute systems like Passbook, Isis and Google Wallet?

Payments associations and organizations applauded Visa Inc.'s Feb. 4 move to address one of the most nagging EMV smart-card migration issues in the U.S., but they are not ready to say all their problems have been solved.

Amazon.com Inc. today announced plans for Amazon Coins, a virtual currency for its Kindle Fire tablet.

VeriFone Systems Inc. said Chief Executive Officer Douglas Bergeron’s trading was the subject of inquiries by the U.S. Attorney and Securities and Exchange Commission, which ended their probes without action.

It's shopping season in the payments industry. Just last month, Ingenico, ACI Worldwide and Fidelity National Information Services announced separate acquisitions. Many other companies have bought their peers in recent months.

Boston-based independent sales organization Merchant Warehouse is launching its Genius payment acceptance product for general availability. The system has been in testing since June 2012.

American Express Co. finds itself swirling in the middle of anti-trust litigation and proposed settlements that the company isn't directly a party to.

Total System Services Inc. extended an agreement to provide processing and support to Payment Alliance International.

Canada's right next door and has lots of English speakers, so it might seem the ideal place for American independent sales organizations to expand. But the two countries' business and cultural practices differ in ways that Americans may not expect.

Mainstream consumers are still slow to adopt newer payment technology, but several cities are pushing ahead of the rest of the world.

Synqera is trying to set itself apart from rivals in the targeted-offer crowd by using point-of-sale hardware with data collection tools that look at everything from weather patterns to the shopper's mood.

Priority Payment Systems LLC has signed up for payment processing services from TSYS, or Total System Services Inc.

Little-known global payments provider Adyen processed $10 billion worth of transactions in 2012, a new record the company points out is on par with the volume of mobile payments processor Square. So does this mean that Adyen is becoming a threat to Jack Dorsey’s brainchild and other processors?

Mobile apps and personal financial management sites that attempt to analyze consumer’s spending habits and draw forecasts and conclusions about what the consumer should be doing pose risks, one expert says.