Payment processing

Aptys Solutions LLC this week introduced PayHub, a payment-processing system designed for community banks. The system supports multiple payment types, including automated clearinghouse transactions, mobile payments, wire funds transfers and check-image exchanges on a single platform.

Hypercom Corp. plans to use its new point-of-sale products for use with Apple Inc.’s iPhone not only to reach mobile merchants but also to target brick-and-mortar retailers that want to expedite client purchases and avoid long lines at sales registers, Stuart Taylor, Hypercom vice president of global solutions and marketing, told PaymentsSource this week at the Electronic Transactions Association Annual Meeting and Expo in Las Vega.

Aptys Solutions LLC this week introduced PayHub, a payment-processing system designed for community banks. The system supports multiple payment types, including automated clearinghouse transactions, mobile payments, wire funds transfers and check-image exchanges on a single platform.

Why are best practices so important to ISOs? For many, they are an effective means to ensure uniformity and help increase visibility into company operations to ease merchant concerns.

Acculynk Inc., which enables merchants to accept PIN-debit purchases online, is broadening its offerings to include online card processing and is making its products available for resale through ISOs, the company announced last week.

Apriva is offering training and educational tools to its independent sales organization resellers to help increase their knowledge of and ability to sell wireless smartphone-enabled point-of-sale products, according to the Scottsdale, Ariz.-based wireless-payments provider.

Fifth Third Processing Solutions LLC is weighing its next steps as the merchant processor nears its one-year anniversary as a joint venture between Fifth Third Bancorp and Advent International Corp., a Boston-based investment firm (see story).

Hypercom Corp. announced April 13 plans to sell two versions of a card reader that plugs into an iPhone and uses its wireless connection to handle card payments. The products, called SmartPayments Mobile, are designed for merchants that want to accept card payments but cannot be tied to an office location because of the nature of their business.

First Data Corp. has authorized Hypercom Corp. to manage the processor’s remote key-injection processes as an encrypting service organization, according to the companies. Tasq Technology Inc., a Rocklin, Calif.-based point-of-sale-equipment distributor and a subsidiary of Atlanta-based First Data, also will make available Hypercom’s remote key-injection system, known a HyperSafe.

New MasterCard Worldwide tiered-interchange rates that affect domestic ATM cash withdrawals will seriously cripple and possibly destroy the nation’s ATM independent sales organizations, charge executives and board members who represent many of the companies.

Newtek Business Services Inc., a small-business services company, once again is a preferred vendor to the more than 200 car dealers belonging to the General Motors Minority Dealers Association, New York-based Newtek announced this week.

CoCard Marketing Group LLC, a Nashville, Tenn.-based independent sales organization, has designated Dejavoo Systems as its primary point-of-sale terminal vendor, Dejavoo announced this week. CoCard’s Web site does not include a list of other POS products it offers.

Consumers Credit Union has switched to using PSCU Financial Services to handle its debit card and ATM processing, Jodi Gray, the Waukegan, Ill.-based credit union’s Visa card manager, tells PaymentsSource.

Mobile phones may soon be able to initiate automated clearing house transactions from checks, an advance that could hasten adoption of wireless devices for B-to-B payments.

In a sign that the efforts of the Secure Remote Payment Council are gaining notice in the industry, Wal-Mart Stores Inc. has joined the organization as a general member and as a member of its board of directors.

Acculynk Inc., which enables merchants to accept PIN-debit purchases online, is broadening its offerings to include online card processing and is making its products available for resale through independent sales organizations, the company announced Wednesday.

Hoping to extend its reach to mobile merchants, USA ePay, a payment gateway, this week launched a portable card-acceptance machine that connects to Apple Inc.’s iPhone and iPod Touch products.

Adyen Inc., a Netherlands-based online payment gateway company, is expanding into the United States, the company announced April 5.

VeriFone Holdings Inc. last week named Chase Paymentech Solutions LLC as one of its preferred merchant processors for users of its mobile phone card reader.

Despite feeling the effects of a down economy, ISOs continue to propel much of Global Payments Inc.’s revenue growth, executives from the payment processor said last week during the company’s fiscal third-quarter earnings conference call with analysts.