Payment processing

Capital Access Network Inc. is expanding its annual funding capacity to $1 billion.

One year after the Durbin Amendment slashed debit interchange payments to banks, there’s scant evidence that retailers are lowering prices as promised.

Fidelity National Information Systems announced the introduction of its own global real-time payments network for domestic and international money movement for both retail and commercial trade.

Global Payments Inc. is banking on a recent acquisition in the health care market and involvement in the Discover Financial Services and PayPal Inc. partnership to help eventually offset a 26% tumble in first quarter income for fiscal 2013 because of the security breach it endured last March.

Mobile wallets promise simpler payments, but the road to get there has been bumpy and, quite often, bizarre.

Teaming up with PayPal is consistent with other Discover Financial Services agreements that stress the card brand’s payments strategy of being “the most flexible partner for a number of other players,” Discover Chairman and CEO David Nelms says.

Salespeople usually can’t do anything about it when a processor or independent sales organization cancels the residuals earned from signing up merchants for transaction processing.

The telecommunications companies behind the Isis mobile wallet joint venture have had Salt Lake City in their sights as a testing ground for the past year. But recent delays in the Isis rollout have opened the door for direct competitor Google Wallet to continue to gain as much momentum as possible with its mobile pay system.

The date for U.S. merchants to start benefiting from preparing early for EMV smart card technology at the point of sale lurks next week. Unfortunately, the future of payments technology won’t come into clearer focus for merchants that quickly.

A provision within the hotly contested settlement between merchants and credit card networks could potentially slow PayPal’s bid to become more widely accepted at grocery stores, restaurants and other retailers.

Recent bitcoin thefts may appear to be a security threat that could potentially invalidate the cryptocurrency, but proponents argue that it’s the stability of the digital exchanges where the thefts have occurred that are more at risk.

New players are disrupting the established order and taking market share from independent sales organizations. This rapid pace of change in payments may drive many ISOs out of business, speakers said at an industry event.

Bankers “wake up in the middle of the night” worrying about data breaches in the U.S. payment system, a Citigroup executive said this week.

Spire Payments will partner with technology investor Newland Computers in developing future products and rolling out a new line of point-of-sale terminals.

Discover Financial Services (DFS) earned $621 million for its third quarter ended August 31, 2012, up 3% from the same period year earlier, the company said Thursday.

Virtual terminal provider PayTrace has integrated its transaction processing capabilities with the First Data North network.

Payments processor and security provider The Members Group will host a complimentary webinar addressing emerging payment technologies for financial institutions from 1 to 2 p.m. CDT on Sept. 27.

The advancement of mobile payment technology and how it correlates to the EMV conversion timelines in the U.S. was one of many topics attendees discussed at the first EMV Migration Forum meeting in mid-September.

SecureNet Payment Systems has opened a technology and innovation center in Austin, Texas, and revealed plans for a client operations center in Silicon Valley, Calif., later this year.

A study guide has just been released as a companion to a recent hardcover book aimed at the acquiring industry.