Payment processing

Someday, such a thing as an alternative payment no longer may exist.

Visa Inc. may be preparing to debut its ties to Google Inc.’s Google Wallet mobile-payments scheme in London at the 2012 Summer Olympic Games, sources suggest.

Zions Bancorp of Salt Lake City has selected Fiserv Inc. to support multichannel digital payments for its retail and business customers.

Heartland Payment Systems has signed a five-year expanded contract agreement with ConocoPhillips, the merchant processor announced Dec. 14. The companies have worked together for 20 years.

First Data Corp. has introduced Global Gateway e4, an online payment gateway that offers what the company says is safe and reliable processing for card-not-present transactions, the transaction processor announced Dec. 13.

Payment Card Industry data-security standards continue to fail merchants in their most vulnerable hour, as one restaurant chain might have prevented a credit card fraud scheme if it equipped its payments systems better to address third-party intrusions, a security expert contends.

The silence is almost deafening.

FleetCor Technologies Inc.’s latest acquisition puts the number of company buys at more than 40 within the past eight years as the fleet fuel card pursues a global growth strategy.

WISeKey S.A. and The Bancorp Inc. are hoping to give greater peace of mind to customers who conduct transactions online.

Fleet fuel card provider FleetCor Technologies Inc. has acquired AllStar Business Solutions Ltd. from United Kingdom-based The Arval Group for US$304 million (£194 million or 229 million euros), the companies announced Dec. 13.

Isis, still almost a year away from launching its mobile-payments application, is partnering with an industry heavyweight to serve as the security guard for its wallet.

Hold the phone! Google Wallet appears to have a security leak.

Despite new limits on debit card interchange, the price of Slurpees has stubbornly remained the same, according to a survey completed by the payments industry’s lobbying group.

Euronet Worldwide Inc. has acquired Romania-based Smart PayNetwork SA to expand its transaction processing for financial institutions in central and southeastern Europe, the e-payments provider announced Dec. 6.

Getting businesses to adopt electronic payments has been frustrating for banks, which still face high use of paper checks and exceptions.

Phishing is old news, which is part of why it is so dangerous today.

USA Technologies Inc. has appointed a board member, Stephen P. Herbert, as its chief executive and chairman, the banking-technology vendor announced Dec. 5.

Dwolla Corp. is celebrating the one-year anniversary of its national rollout by permanently waiving its transaction fee for small-ticket purchases and funds transfers.

Fundtech Inc. on Nov. 30 announced the completion of its merger with Bankserv Inc. and, in conjunction, the company discussed plans for a new set of products.

Acquirers representing merchants such as coffee shops and quick-service restaurants may be paying more in interchange for some small-ticket transactions under the Federal Reserve Board’s reduced debit rates than they are for cards exempt from the new rate cap, notes an attorney who frequently deals with clients in the payments industry.