Payment processing

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.

The automated clearing house network is maturing, bringing slower growth rates and probably slowing fee revenue.

Medical marijuana dispensaries in three states have agreed to use payment processing services from Cannabis Medical Solutions Inc.

U.S. merchant compliance with the Payment Card Industry Data Security Standard has changed little since last fall, according to latest compliance update Visa Inc. released this week.

Dirk Rossmann GmbH, a German drugstore chain, is deploying 5,000 Hypercom Corp. Artema Hybrid payment terminals in more than 1,000 locations throughout Germany, the Scottsdale, Ariz.-based point-of-sale terminal maker announced Tuesday.

Taiwantrade.com has inked a payments acceptance deal with international online payments provider PayPal Inc., an official from Taiwan’s national business-to-business e-commerce platform tells PaymentsSource. PayPal is a unit of eBay Inc.

Opus Software Solutions Pvt. Ltd. has won a US$10 million (7,406 euros) order from the State Bank of India to replace the bank’s ATM-processing platform to a dual server-based system, an official from the bank tells PaymentsSource.

The New York money transfer company CashEdge Inc. has hired Citigroup Inc. veteran Catherine Palmieri as its global head of product and marketing.

This past weekend’s launch of Apple Inc.’s iPad also saw the introduction of Square Inc.’s payment card-acceptance application for the device.

Heartland Payment Systems Inc. says its E3 encryption system has been adopted by several payment hardware makers.