Payment processing

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.

Scotiabank in Canada has started issuing cards on the American Express network, the companies said on Monday.

A new publication of end-to-end encryption best practices for ATMs was released by the ATM Industry Association Tuesday.

MasterCard may be bracing for slower revenue growth, but its head of international markets still sees cause for optimism abroad.

The Catbird PCI Solution Guide, co-published with cloud software provider VMware Inc., is an auditor-reviewed reference to help organizations interpret updated PCI DSS requirements as they relate to cloud-based systems.

A new partnership will bring merchant supplier General Credit Forms’ products to the online marketplace of payments technology provider My Clear Reports.

Independent Sales Organizations stand to make more money if they provide some of the funding for merchant cash advances, and at least a few are borrowing to do it.

Groupon's new payments system is a small step toward a dramatic change in merchant acquiring, one that leaves ownership of consumer data up for grabs.

These days it seems like everyone is a payments company, whether their primary business is selling coffee or coupons. Wherever they come from, they're challenging the very structure of this industry.

The payments industry has taken it upon itself to police any entity that accepts credit or debit cards — even when that entity is the police.

Voltage Security is working with the payment processor Mercury Payment Systems to expand the latter's data encryption while helping its partners and merchants comply with Payment Card Industry data security standards.

Marqeta has launched a consumer rewards prepaid card in hopes of capturing the success of Starbucks' loyalty program and spreading that wealth to other merchants.

More companies are borrowing a page from Apple's playbook and offering a way for store employees to handle customer payments on the floor.

Groupon is the latest of many companies to provide merchants with a card reader that clips to smartphones. But the daily-deals company is not simply selling a me-too device — it is planting the seeds of a bigger payments strategy.

Apple may be waiting to bring mobile payments to the masses, but MasterCard is forging ahead. The card network announced this week a software toolkit to help turn any Near Field Communication enabled Android or Blackberry smartphone into a mobile wallet.