Payment processing

The tom-toms are beating louder for action among issuers, merchants and processors in the U.S. migration to EMV smart card technology.

At first, Google seemed to have all of the necessary ingredients for a mobile wallet and Isis had the uphill climb of convincing banks to agree to a system designed by a group of telcos. Isis now has several top banks firmly behind it, but it faces many challenges as well.

Consumers may not be pushing for stronger card security because they feel overly protected by the systems in use today. But they do face real costs for fraud.

Visa and MasterCard, the biggest payment networks, are prepared to settle a seven-year lawsuit brought by retailers to cut their credit-card costs later this month, three people briefed on the talks said.

Cielo, a payments company based in Brazil, announced July 2 that it is buying a U.S. company, Merchant e-Solutions.

Global Payments is offering Planet Payment's Pay in Your Currency technology to merchants in Canada. Global Payments plans to offer a similar service in the U.S. later this summer.

Capital Bank of Rockville, Md., said it chose Fiserv's Premier core, as well as the vendor's credit card management, electronic bill pay, person-to-person payments and other services.

When Joe Randazza first began filing National Payment Card Association patents seven years ago for decoupled debit products and processes, he admits he "didn't have the vision to foresee a future with smartphones."

Google's most recent update to its mobile wallet's online pricing seems to stray from the product's focus at the point of sale. It's the latest in a series of twists and turns in Google's payments strategy.

To hear Dan Wagner tell it, one would think the CEO of London-based mPowa was ready to enter the ring for a prizefight against all comers in the world of mobile card-based payments.

Merchants may feel overwhelmed at the abundance of new payment technologies, and they are understandably worried about investing in the wrong one. Terminal vendors are hoping to address those fears.

Shopkick now works with both Visa and MasterCard to offer targeted rewards using transaction data gathered at the point of sale.

Though ZooZ is now the exclusive payment option for merchants that use the mobile commerce platform provider MobiCart, this week's agreement linking the two tech companies is, paradoxically, about providing access to as many payment options as possible.

Google announced revisions to its mobile wallet that make it a more palatable choice for the sale of digital goods.

When Global Payments last March revealed it had suffered a data breach, executives at tokenization vendor Protegrity began what amounted to a verbal campaign calling for fraud liability to shift to processors. Elavon must have thought Protegrity was onto something.

For small merchants, the annual compliance questionnaire for the PCI Standard has become increasingly complex. First Data hopes to make the process simple again by using technology.

JPMorgan Chase's Chase Paymentech has begun supplying retailers and other merchants with new terminals that can accept payments from smartphones and cards embedded with computer chips.

Consumers weary of shuffling through various credit cards to get the best rewards could get relief from a new service that automates the selection of the proper card.

To get to the Olympics this year, most people pay for tickets. One couple might get there by paying for a soda.

The long-time leaders in manufacturing payment terminals are adapting to respond to the likes of Square Inc., which this month said that some 2 million individuals and small businesses are using its dongle and mobile application to accept cards using smartphones.