POS and Retail

Carrier-integrated mobile payment provider BilltoMobile will handle payments for NCSOFT Corp.’s online games in North America.

A shareholder lawsuit alleges current and former VeriFone executives made false and misleading statements about the company's financial performance to artificially inflate the stock price—duping unsuspecting investors and allowing executives to cash in millions of dollars' worth of stock.

Belt Valley Bank is small even by community bank standards—it's got about $62 million in assets and 18 employees. But it has the tools to compete directly with the likes of Square for accepting payments on mobile devices.

PayPal's recent updates to its software tools for developers provide a clue to its long-term plans for the Card.io, the mobile payments tech provider PayPal bought last year.

Doug Bergeron's departure as CEO of VeriFone comes at a time when the point of sale terminal manufacturer disclosed that it has engaged in business dealings with Iran that may have been prohibited by recently enacted sanctions against the Middle Eastern country, as well as a recently filed shareholder lawsuit alleging securities fraud.

Doug Bergeron will step down from his roles as CEO and a board member at VeriFone, effective March 12, the point of sale terminal maker said today.

Just three months after reaching 500,000 users, LevelUp hit one million customers, with a meaningful portion of that new audience attracted by adapting the company's offer system to work over Facebook.

PayPal’s most recent updates to its tools for programmers reflect a desire to simplify the process of integrating with mobile apps and other new channels.

Michael Duffy, president of Chase Paymentech, passed away Thursday night. He was 54. Dan Charron, the executive vice president of client services, has assumed the role of acting head of the Dallas-based merchant acquirer subsidiary of JPMorgan Chase.

Vacation property rental companies and bed-and-breakfast operators will now be able to accept online payments as they book clients through cloud-based WebReserv.com.

Many times, marketing constraints can slow financial institutions' rollout of Fiserv's SpotPay card readers. Fiserv's new spotpay.com website addresses this concern without compromising the vendor's mission of offering the device almost exclusively through banks and credit unions.

A relationship between McDonald's Corp. and Seamless allows consumers in Sweden to pay for their fast food with their mobile phones.

PayOne's lawsuit against Home Depot over its use of PayPal's point of sale payments technology is not the first legal battle PayOne has pursued with an entity tied to PayPal — and, the company says, it may not be the last.

Noting a series of “self-inflicted” issues that have hampered the company's performance, VeriFone CEO Doug Bergeron promised a series of overhauls at the payments technology provider, including a renewed focus on research and development and better management of the resources dedicated to creating country-specific configurations of its products.

Teaching legislators how electronic payments work could help protect the industry from unwise regulation, according to speakers at the Southeast Acquirers Association annual conference.

JPMorgan Chase will assume ownership and begin servicing the AirTran-branded credit card in April, a move that consolidates Southwest Airlines’ two frequent flier cards under the same issuing bank, amid the ongoing combination of the two airlines’ operations.

"Shopping is boring," says ShopSavvy CEO John Boyd. His company is working with Capital One to turn the stale process of buying a product off the shelf into an eventful experience built around a mobile wallet.

First Data is providing the technology that underpins Foursquare's recent enhancements to its deals service, which allows credit and debit card holders to link their accounts to Foursquare's social network.

Many merchants still don't take credit or debit cards, usually because of the cost. Two-year-old Plastiq aims to help these holdouts by shifting the cost of card acceptance to the consumer.

Merchant-funded rewards provider fisoc hopes the communal element of Facebook mixed with special card offers can drive repeat payments volume for small merchants focused on their local communities.