Payment processing

National Payments Corp. of India in November reportedly plans to launch a payment system that would enable consumers in that country to transfer funds for free to any account in India held by participating financial institutions using their mobile phones.

VeriFone Systems Inc. said Wednesday that it has begun installing passenger-activated payment and multimedia information systems in taxis in Atlanta.

SecureKey Technologies Inc. has developed a way to turn any computer into a contactless payment terminal, bringing the improved security of contactless payments to e-commerce — without requiring online merchants to do anything to their systems.

PayPal Inc. is acting more like a bank these days and the addition of a mobile remote-deposit capture feature to its Apple Inc. iPhone application is helping solidify that view, according to one industry observer.

While the Justice Department's antitrust lawsuit against three major card networks appeared to bolster merchants' case for regulating interchange fees, it may also have undercut a push for legislation targeting the issue.

Participants in a cross-industry forum to help develop U.S. mobile payments technology are nearing completion of a white paper that aims to identify the significant obstacles and opportunities facing the industry, Richard R. Oliver, executive vice president of the Federal Reserve Bank of Atlanta, told attendees Oct. 5 at SourceMedia’s ATM, Debit & Prepaid Forum in Phoenix, Ariz.

Bling Nation Ltd.’s deal with Fifth Third Processing Solutions LLC could give them the entree they need to promote the company’s postage-stamp-sized contactless payment sticker across the country.

A settlement involving the top two payments networks over their merchant acceptance policies gives retailers more clout to promote the use of cheaper cards, but an analyst doubts many businesses will change their practices.

Citigroup Inc. wants to grow its payments revenue by helping other businesses grow theirs.

Looking to boost resources to meet an expected spike in demand for mobile financial services, ClairMail announced a $13.9 million infusion from VCs including Investor Growth Capital (IGC), a Stockholm firm that specializes in growth-stage tech firms.

MasterCard Worldwide and Visa Inc. announced Oct. 4 that they have settled an antitrust lawsuit filed by the Department of Justice against both companies regarding payment network rules that prohibit so-called merchant steering, in which merchants steer consumers towards using less-expensive card products for payment.

First Data Corp. says its TransArmor data-security services will be made available to more than 350,000 merchants that process with Bank of America Merchant Services, a joint venture between the Atlanta-based payment processor and Bank of America Corp.

Akamai Technologies Inc. says its new Edge Tokenization service pushes sensitive transaction data away from vulnerable online merchants payment networks.

MasterCard Inc. settled a lawsuit Monday, the same day it was filed by the Department of Justice, regarding payment network rules that prohibit so-called merchant steering.

VeriFone Systems Inc. says today it has bought a majority stake in All Business Solutions, an Italy-based payment integrator and software developer, from the company’s founders and ACI Informatica, which will keep a minority ownership.

When a fraudster is successful, you know it. It is much harder to know when the fraudster has tried and failed.

Western Union Co. expects a rebound in international migration to drive expansion of the company's core cash transaction operations, according to Bloomberg News.

Physicians and other health care providers in Germany will have the opportunity to accept payment cards and process claims with the same payment terminal under an agreement in which First Data Corp.’s TeleCash unit will market Hypercom Corp.’s medHybrid payment and a-Health card terminal, the Scottsdale, Ariz.-based terminal maker announced Sept. 29.

Akamai Technologies Inc. says its new Edge Tokenization service pushes sensitive transaction data away from vulnerable online merchants payment networks.

Research In Motion Ltd. is expanding the payment capabilities of its BlackBerry smartphones.