Payment processing

Two years ago, Bryan Johnson, who is CEO of an online payments and data security software startup called Braintree, got a poor reception when he asked established payment providers to cooperate with each other in allowing card data transfers.Today, Braintree has completed a credit card data transfer from nearly every major provider in the industry.

The payment processor Planet Payment said May 23 that it purchased Branded Payment Solutions, an Irish payments company.

Vantiv is offering Ingenico's new point of sale products in an effort to prepare the industry for the EMV chip-card standard and Near Field Communication technology.

Tokenization, a security technique that eliminates card data from merchant systems, provides a clear benefit to merchants but can be difficult to manage without the support of a processor.

Total System Services Inc. wants to put itself in a position to take advantage of growth in mobile payments and banking.

ORLANDO–If the annual Card Forum and Expo staged here last week were a car on a family trip, attendees played the roles of restless kids in the backseat asking, “Are we there yet?”

ORLANDO–Credit and debit sales volumes have been crisscrossing over the past 17 months, but without an obvious explanation.

Electronic payments products are boosting revenue for core providers Fiserv Inc. and Jack Henry & Associates.

Nebo Djurdjevic figures recent developments affecting the cost of doing business in the U.S. payments industry have opened a door for his software company.

Jack Henry & Associates announced strong growth in electronic payments services, which helped it increase revenue and profits for its fiscal third quarter, which ended March 31.

Fleet card provider Wright Express’ execution of a multipronged strategy for revenue growth paid dividends with significant boosts in first-quarter revenues and profit. Investors, however, didn’t seem impressed.

First Data Corp. on May 2 reported a first-quarter loss of $153 million, narrowing from a loss of $217 million a year earlier, as its operating income improved.

Continued transaction-processing growth and an improved capability to process debit card transactions in the United States helped to boost MasterCard Worldwide’s first quarter earnings.

Fiserv Inc. of Brookfield, Wis., reported first-quarter gains in profit and revenue.

First Data Corp. is promoting Dynamic Currency Conversion on two fronts, hoping to place the service with large and small North American retailers.

A security breach that struck Fidelity National Information Services, or FIS, a year ago still has ripple effects on the core platform provider, which reported its first-quarter earnings April 26 (see story).

In its first earnings release as a public company, Vantiv Inc. posted a 23% increase in first quarter net revenue, thanks mainly to merchant services.

Fidelity National Information Services Inc., or FIS, reported April 26 a first-quarter profit of $95.8 million, down less than 0.3% from $96.1 million a year earlier, as corporate expenses climbed.

The U.S. may be facing a migration to EMV chip cards over the next few years, but few issuers or merchants have yet to reach out for assistance, the chairman and CEO of Total System Services Inc., or TSYS, told analysts April 24.

Much speculation unfolded about what the loss Green Dot Corp.’s processing business might do to Total System Services Inc. But the company showed no signs of immediate concern in reporting a modest first quarter increase in revenue April 24.