POS and Retail

Ken Tye, senior vice president and chief information officer at Total Systems Services, will retire at the end of September, marking the departure of another long-time executive at the Columbus, Ga.-based processor.

You would think by now most merchants would know how to protect payment card information.

Atlanta-based Global Payments has entered an agreement to buy the European online payment gateway Realex Payments.

The traditional bank model for small business lending is broken. As a result, technology-enabled alternatives have gained momentum over the past couple years to provide small business owners with loan options that better suit their needs.

Zumigo, an identity provider, is expanding the reach of its mobile location verification service to online merchants.

The mash-up of existing technologies into new solutions (i.e. innovation) is something we are seeing a lot in the financial sector, particularly within the payments ecosystem.

Merchant acquirers are required to respond to mobile's impact in an almost infinite number of ways, and in many cases deem acquisition the best and fastest play to diversify beyond payments.

Recent high profile acquisitions made by some of the payment industry’s key players, such as Heartland Payment Systems, First Data, and Vantiv, point to a recurring theme—traditional merchant businesses are making the shift into integrated technologies.

Some "friendly fraud" is more manipulative than friendly. Global Risk Technologies wants to help merchants appeal more chargebacks and get back some of the billions of dollars lost to friendly fraud.

Moneris Solutions Corp. was chosen to handle all payment processing for the Government of Canada, the company announced March 19.

The Mandarin Oriental hotel chain recently became the latest big business to suffer a data breach, sounding a call to the hospitality business to shore up security posture.

Facebook's Messenger app will soon let users send funds to one another, and the social network's use of payments to drive advertising and other business services is unlikely to stop there.

Apple gets it. The way to make things appealing is to make them simple, convenient and valuable for consumers.

BMO Harris is adding cardless ATM access to 750 machines, enabling customers to withdraw cash using a smartphone application instead of a plastic card.

It's become apparent that more organizations are attaining PCI compliance, but far fewer can stay in compliance for a reasonable period of time.

One of the longest discussions regarding the U.S. EMV migration is the choice of chip and PIN or chip and signature as the card verification method (CVM).

Like a Hollywood star making the rounds before a premier movie date, Visa and other organizations are going on tour to promote EMV-chip card technology ahead of the October deadline set for U.S. companies.

Cardtronics is expanding into Poland by deploying 50 ATMs at Polish service stations and another 50 machines at convenience and grocery stores by May.

The merchant acquiring industry faces continuing pressure from shrinking margins and disruptive competitors, but it has used the past five challenging years to seek out a position of strength.

The check may not be in the mail. Today’s consumer uses an average of three different payment methods each month, from online to mobile to walk-in and yes, even the occasional check, according to Seventh Annual Billing Household Survey from Fiserv.