Payment processing

The popularity of the Square payment-card reader has sparked a new market for accessories — smaller versions of the cases and sleeves people commonly buy for the iPhones which Square readers attach to.

Voltage Security, an encryption vendor, is touting Voltage Secure Stateless Tokenization technology, which the company says provides merchants and payment processors with a new approach to protecting card data.

American Express continues its move into a payments arena not often associated with the affluent customers served through the New York-based card network. It now accepts Amex card payments at gas stations commonly located in parking lots near Walmart stores.

The Electronic Transactions Association is remaining true to its original constituents in the acquiring business, even as it opens the doors to other types of companies, according to the trade group’s CEO.

Fulton Financial has agreed to sell a payments business to a Canadian payments processor and foreign exchange services provider.

Irish-based Monex Financial Systems Ltd. is looking for American independent sales organizations interested in profiting from card transactions made here by visitors from abroad.

Total System Services Inc., or TSYS, has signed a long-term agreement to provide point of sale services, authorization, settlement, reporting, managed services and risk mitigation for independent sales organizations that work with Merrick Bank, a subsidiary of CardWorks Inc.

Acculynk has entered a partnership with Gesa Credit Union to pilot Payzur, a peer-to-peer payment system.

The alternative payments provider Dwolla has garnered much attention from its recent move to facilitate payments through Twitter, but the concept has been tried before — repeatedly, and with few success stories.

U.S. consumers have spent $33.8 billion at online merchants this holiday shopping season, representing a 13% increase over e-commerce spending during the same period last year, according to Internet usage analytics firm comScore.

First Data Corp. called 2012 the “year of universal commerce,” meaning commerce happens anywhere, anytime and on any type of device.

VeriFone Systems Inc., the largest maker of credit-card terminals, was sued by Creative Mobile Technologies LLC for more than $250 million over an agreement to place advertisements on screens in New York taxis.

Since Square launched its mobile card reader, VeriFone Systems has worked feverishly to slow its rival's runaway momentum. The news that VeriFone is changing its strategy with its Sail reader is the latest in a long line of assaults and retreats.

Twitter's immense popularity has caught the attention of many established payment companies and entrepreneurs. Several have attempted to turn the microblogging service into a payment channel, but so far there are few success stories.

A significant setback to adoption of current person-to-person payments technologies is that the transactions often can’t happen in real-time. But by repurposing existing industry infrastructure, companies are devising new methods that make P2P as close to instantaneous as possible.

The processor Total System Services Inc. announced multi-year agreements with two credit unions.

Home Depot Inc. and other retailers lost their bid to appeal a judge’s preliminary approval of Visa Inc. and MasterCard Inc.’s proposed $7.25 billion settlement of a merchant fee price-fixing case.

MasterCard is confident that the proposed $7.25 billion settlement of allegations that it and Visa engaged in merchant fee price fixing will receive final approval, according to Nomura analysts who recent met with key executives of the card network.

NCR Corp. added its name to the list of companies offering a mobile payment option for diners. The Duluth, Ga.-based payment terminal and ATM maker announced last week it would offer restaurant merchants NCR Mobile Pay to integrate with its NCR Aloha POS system.

Bitcoin-Central, a French digital currency exchange that handles the largely unregulated Bitcoin currency, now operates under French regulation after parent-company Paymium partnered with payment services provider Aqoba.