Payment processing

It may not qualify yet as a combination of QuickBooks and mobile payments such as Intuit Inc. offers, but Braintree figures it is on the right path in working with an accounting services provider for online merchants.

The storm left many without electricity, phones and use of the roads. But in many of the affected areas, consumers and merchants continued to conduct business and found a way to handle payments.

Though Heartland Payment Systems claims its “Durbin Dollars” debit-pricing campaign contributed to its most profitable quarter ever, the processor is also encountering the limitations of that model at a time when many new technologies threaten to disrupt the way the payments industry does business.

Visa Inc. announced adjusted quarterly net income of $1 billion on Wednesday, up nearly 14% from the same period last year, as revenues grew by 15%.

Vantiv, the payments processor, is buying Litle & Co., which processes payments for companies that sell to goods and services to consumers via the Internet, for $361 million.

Fundtech announced Tuesday that its payments platform is compatible with two Oracle database products.

Government benefits departments in Canada can now instantly issue open-loop, reloadable prepaid cards, which reduce costs by eliminating the need for checks.

California-based Tipalti offers an automated mass payment system for companies to send money with a wide range of payment methods to their partners all over the world.

Aiming to bring confidence to the secure mobile services space, Fime launched its GlobalPlatform trusted execution environment, or TEE, test tool Wednesday.

The second-largest payments network, which reported $772 million in third-quarter profits on Wednesday, has room to grow internationally.

EMC has agreed to buy Silver Tail Systems, a privately held company that helps clients fend off fraudsters and Web-based attackers.

MasterCard posted a third-quarter profit that beat analysts' estimates as U.S. consumer spending increased.

After more than a year of planning and regulatory scrutiny, a United Kingdom mobile commerce joint venture called Project Oscar isn’t quite ready to call itself a mobile wallet or payments service.

Parkmobile USA Inc. is making payment for metered parking spaces less expensive for its members in Washington, D.C. with a Parkmobile Wallet option for aggregating credit or debit card transactions.

Credit bureau and data verification provider Equifax has developed a service to help payment processors meet merchant validation requirements for new tax reporting obligations that went into effect this year.

Group of merchants who accept the digital currency Bitcoin are planning their own Black Friday ahead of the holiday shopping season.

Security services firm ControlScan has partnered with payment processor Allifide Merchant Group to provide small and medium-sized businesses compliance services for Payment Card Industry security standards.

Tim Murphy, chief product officer at MasterCard Inc., spoke to PaymentsSource about why the industry needs the EMV standard, as well as the various challenges facing his company as the payments ecosystem moves into a new, technology-driven era.

Payment processing technology provider SecureNet has launched an instant merchant account boarding software that allows the merchant to begin accepting payments immediately, rather than endure a two-day wait.

Walmart's senior director of payment services envisions a day without the physical point of sale.