POS and Retail

Rollerblading may not be an Olympic sport, but it will play an important role for Spire Payments as it serves London clients in the Olympic Traffic Exclusion Zone during the summer games.

Global Payments Inc. has completed its investigation into the breach earlier this year of card data belonging to up to 1.5 million consumers, the merchant processor said today while reporting fiscal fourth-quarter earnings.

Gary Peterson used to discourage merchants from accepting Discover cards. He resented the card brand because its 800-member sales force competed with his independent sales organization. But those bad old days of the '90s have ended

As big companies lock horns to bring mobile wallets to the point of sale, smaller companies are focusing on a different opportunity — improving payments in mobile e-commerce.

TSYS' net income rose in the second quarter by 24.4%, to $68 million, from a year earlier as it prepares for a strong pipeline of new accounts.

Uncertainty plagues the acquiring business. Recently introduced disruptions include merchants' new freedom to quote interchange fees to consumers, and one company's claim to banish interchange entirely.

Isis is seeking independent sales organizations to promote mobile payments to merchants in a test of its mobile wallet this year in Salt Lake City and Austin, Texas.

Target Corp., one of the biggest retailers in the country, has joined groups that include the National Association of Convenience Stores in opposing the proposed $7.25 billion settlement of a lawsuit brought by a group of retailers against Visa and MasterCard and a dozen large banks.

CHICAGO — A small "sound off" session here Thursday at a trade show could signal the beginning of better communication between acquirers and the rest of the payment industry.

Security and compliance are still daunting issues for merchants. Phoenix Managed Networks hopes to ease this pain by offering its network security product to "hundreds of thousands" of merchants through a new partnership with Sysnet Global Solutions.

Developing a mobile wallet for consumers is one thing. Getting those consumers interested and educated about how the wallet works and why they should use phones for payments is an entirely different matter.

Recurring revenue and a recent spate of publicity are luring potential buyers into the acquiring industry's merger-and-acquisition market.

The days of the add-on mobile card reader may be numbered, as recent developments around software-based approaches gain strong momentum.

PayPal's decision to buy its mobile-pay tech partner Card.io sheds light on how the smaller company's technology is shaping the world of mobile payments.

Though it's the world's longest undefended border, the boundary between the United States and Canada can seem formidable to American independent sales organizations.

PayPal announced July 17 that it has acquired financial technology start-up Card.io.

In less than six months, MoBank Group has sparked plenty of interest among United Kingdom online retail merchants as they upgrade their websites for mobile commerce.

A group of investors led by Yahoo co-founder Jerry Yang has agreed to invest $4.8 million in a Redwood City, Calif., payments network that lets people use retailers' gift cards to buy goods and services from other merchants.

Neiman Marcus Inc.'s exclusive credit card acceptance policies are no more.

Visa and MasterCard, in a drive to tip the scales in favor of card issuers over merchants, have established policies over the years that have led to tens of billions in costs and losses through litigation settlements and legislation.