POS and Retail

Mozido LLC’s partnership with Mumbai-based Tata Consultancy Services expands the market for Mozido’s digital-wallet platform and gives Tata Consultancy Services another mobile platform to combine with its proprietary products.

Nebo Djurdjevic figures recent developments affecting the cost of doing business in the U.S. payments industry have opened a door for his software company.

First Data Corp. on May 2 reported a first-quarter loss of $153 million, narrowing from a loss of $217 million a year earlier, as its operating income improved.

Heartland Payment Systems’ first quarter earnings benefited from an economic recovery boost that helped improve same-store sales among its small and midsize customers.

This story was updated from its original version.

A consulting firm that helps companies reduce their transaction costs is now flipping the model upside down to maximize acquirers’ pricing.

China UnionPay and Taishin International Bank Ltd. have signed a memorandum of cooperation to expand acceptance of UnionPay credit and debit cards in Taiwan, the companies announced last week.

Consumers’ ability to pay for a restaurant or bar tab with a smartphone went from small scale to mainstream with TGI Friday’s Inc.’s decision to use Tabbedout’s mobile-payment application.

A new agreement with cloud-based e-commerce provider Digital River Inc. will enable Acculynk Inc. to provide more merchants access to its PaySecure online PIN-debit payment method, the Atlanta-based company announced April 30.

BALTIMORE–Two large merchants here at NACHA’s Payments 2012 conference expressed decidedly negative views toward the U.S. path to EMV chip card adoption.

As consumers complain more about rising gasoline prices, petroleum retailers are renewing their own complaints about how credit card interchange fees erode their profits, prompting a new round of industry sniping.

Vendors providing merchants and processors with advanced encryption for card-data security now have a better idea of what standards the payments industry expects those systems to meet.

The U.S. push to electronify payments is taking on a new twist as the nation's largest retailer begins welcoming cash for online purchases.

In its first earnings release as a public company, Vantiv Inc. posted a 23% increase in first quarter net revenue, thanks mainly to merchant services.

Harnessing Facebook as the primary channel to recruit customers paying online for services could be a double-edged sword for certain startups.

The U.S. may be facing a migration to EMV chip cards over the next few years, but few issuers or merchants have yet to reach out for assistance, the chairman and CEO of Total System Services Inc., or TSYS, told analysts April 24.

Much speculation unfolded about what the loss Green Dot Corp.’s processing business might do to Total System Services Inc. But the company showed no signs of immediate concern in reporting a modest first quarter increase in revenue April 24.

A parade of technology firms vying for their attention is turning on its ear the conventional wisdom that small businesses are lost in a technology wilderness with no suitable cash-management software. Such vendors all are hoping to reach either banks or the businesses themselves with digital-processing capabilities.

The way Norse Corp. CEO Sam Glines sees it, his card data security-software company has connected a major dot in offering a full payment-gateway service.

As banks, card issuers, processors, terminal makers and others involved in electronic transactions are well aware, many new software engineers would rather work for Google Inc. or a hot new start-up than enter the payments or banking industries.