Payment processing

Any uncertainty in mobile wallet development fuels speculation in an industry anxious to see what shape mobile commerce will ultimately take. In this industry, products that make it even farther than where Isis is today don't always work out.

Total System Services expanded its payments processing reach this week in Africa and Mexico.

A report that Square is near a deal to put its credit-card reader in more New York City taxis isn’t true, according to a statement from New York City’s Taxi and Limousine Commission.

Capital One knows how to integrate big bank purchases. But in the era of the Consumer Financial Protection Bureau, it’s facing new challenges as it swallows ING Direct and HSBC’s credit cards.

The gasoline retailer chose to roll out Paymedia after initially testing the technology at its corporate-owned sites in Austin, Texas.

Heartland Payment Systems continued its mobile payment advancement, recently taking its Mobuyle card reader and software to Apple iOS mobile devices.

The LevelUp mobile payment system, best known for providing free incentives to consumers and free payment processing to merchants, picked up 4,000 merchants and 300,000 end users since its July 2011 inception. But with so much being given away for free, is there a future for the startup once its new clients become regulars?

Merchants working with My Clear Reports can now sign up for Automated Clearing House products and services the vendor integrated from Checkgateway.

New companies are constantly entering the payments industry, bringing not just new products but also new ways of doing business. And they don't always play nice.

Square, in an effort to boost the appeal of its Register app for merchants, is offering a new perk: marketing space on its own website.

When banks face the task of managing payments for corporate customers, moving money around is a surprisingly big challenge. That's especially true when customers work with dozens of currencies in different countries and want to run everything through a single platform.

Starbucks plans to accept purchases from the Square mobile wallet beginning next month, and it also plans to list all 7,000 of its company-owned stores in the Square directory, the Seattle-based coffee seller said.

Travelocity is using software tools from Jumio to accept card payments in its lastminute.com hotel deals app.

Investors and payment-industry participants declared the recent partnership between Discover Financial Services and PayPal Inc. a game-changer in payments. But will consumers agree?

Social media-based payments technology continues to gain traction as processing provider E2E Payments announced it will include social payment startup Buyvite as one of the payment options in its network, alongside traditional credit card, virtual terminals, mobile and other payments products.

Payments industry participants are stepping up to help nonprofits and NGOs improve their ability to collect and distribute donations around the world.

The battle over interchange fees moves to its next phase Tuesday when a federal judge hears complaints from merchants that the Federal Reserve’s cap on the fees not go far enough.

Because Google Inc. stubbed its public relations toe earlier this year when a security firm “hacker” was able to gain access to the Google Wallet’s secure element in a smartphone and steal or wipe out PINs, it was no surprise the company made the leap to store card data in the cloud.

Although American Express received lighter fines than the two previous credit card players targeted by the Consumer Financial Protection Bureau, many believe the CFPB’s third enforcement action is its biggest statement yet.

Attendance reached a record-breaking 874 at the Western States Acquirers Association 2012 Conference last week in Huntington Beach, Calif., up from the previous record of 722 set last year in Burlingame, Calif.