Payment processing

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.

A new payment-authentication company has developed technology that uses any phone to help verify Internet PIN-debit transactions conducted at participating merchant websites.

VeriFone Systems Inc. announced Wednesday an unsolicited bid to buy rival Hypercom Corp. at $5.25 per share, which it described in a letter to Hypercom's board.

Online payment gateway GoToBilling Inc. has a new reseller program that it hopes will attract more independent sales organizations and, subsequently, more merchants, the Bozeman, Mont.-based company says.

Sales representatives for TransFirst will sell merchant services to business customers of MainSource Bank, the Hauppauge, N.Y.-based merchant-services company announced Sept. 28.

ICICI Merchant Services Pvt. Ltd.’s Internet payment gateway soon will begin enabling India’s online merchants to accept MasterCard Worldwide’s Maestro PIN-debit cards, the India-based company announced on Sept. 27.

Fifth Third Processing Solutions LLC has signed processing contracts with four Texas-based financial institutions, the Cincinnati-based company announced Sept. 29.

Masabi Ltd. has secured $2 million from m8 Capital, a United Kingdom-based mobile-technology investment company, to aid in the global rollout of a barcode-based mobile application designed to enable consumers to purchase train tickets using their mobile phones from any location, London-based Masabi announced on Sept. 28.

Improving product delivery in the face of new payments regulations is among the top priorities for First Data Corp.’s new chief executive.

Cynergy Data LLC has a new processor. TSYS Acquiring Solutions, a unit of Total System Services Inc., will handle authorization, settlement and charge-back matters for the Long Island City, N.Y.-based independent sales organization, TSYS says.

UAE Exchange Inc. has signed an agreement with MasterCard Worldwide to offer MasterCard’s MoneySend service in the United Arab Emirates for outbound remittances to the Philippines, according to the Dubai-based remittance and foreign exchange provider.

Obopay Inc. is trying to simplify its payments system with text messages.

Suppose your bank's retail customer wants to use a mobile phone to accept credit cards at a garage sale she's planning. MasterCard Inc. has an app for that.

U.S. law-enforcement officials are investigating a security breach involving “a limited number” of PIN-debit terminals deployed at Aldi grocery stores, a spokesperson for the Batavia, Ill.-based company tells PaymentsSource. Aldi stores accept only PIN-debit transactions and cash for payment at the point of sale.

More consumers are using mobile phones to pay bills, but specifically how they are doing so requires more study, according Fiserv Inc., which identified the gap in information earlier this year when it polled 2,000 households as part of the technology company’s 2010 Billing Household online survey (see story).

The six-month deadline extension for Canada’s merchants to convert to EMV chip-and-PIN technology points to certain technical difficulties some have encountered during the lengthy process, observers say.