POS and Retail

At first, Heartland Payment System Inc.’s insistence it would give its merchant clients 100% of the savings from new, reduced debit-interchange rates sounded like a public relations move. But some observers weren’t convinced the processor would stick to its guns if that philosophy didn’t equate to solid financial numbers.

Richard Braddock has been a leader at a couple of well-known companies. He’s now leading a company designed to be anonymous.

Three months into a new rule capping debit card interchange fees, market leader Visa Inc. is showing a modest slowdown in its U.S. debit business, but nothing on the order of the doomsday scenarios once predicted.

India’s widespread highway network soon could see the installation of an electronic toll-collection system that would use radio frequency identification technology for accepting payments.

To improve merchant and consumer comfort with online spending, MasterCard Worldwide has formed a partnership with Silver Tail Systems Inc. to distribute Silver Tail's fraud-fighting analytics to merchants.

Bankcard customers that earn a free TV through Fiserv Inc.’s UChoose Rewards program no longer have to wait days for delivery. Now they can drive to a local Best Buy Co. Inc. store and pick it up minutes after redeeming the award.

Because 2012 represents a “feedback year” in the Payment Card Industry Security Standards Council’s three-year cycle for establishing data-security standards, new council Chairman Mike Mitchell figures to absorb plenty of viewpoints about issues facing the industry along with the traditional complaints about compliance testing and costs.

Long a private-sector bastion, India’s point-of-sale payments infrastructure soon should receive an unexpected and big boost from public-sector banks seeking to boost their fee revenue.

This story has been revised from its original version.

Year after year, Apple fans have expected the company to make a splash with an iPhone-based mobile-payment system. And year after year, Apple has let them down, but but a lot has been going on under the surface.

Coordinated cyberattacks against financial institutions are not likely to disappear anytime soon, but a recent surge unfolding in Brazil should heighten payments industry security awareness in light of the country’s growing electronic-payments market.

The Green Bay Packers are making some dramatic changes to Lambeau Field in a $143 million, two-year renovation project, but one behind-the-scenes move may mean the most to the fan experience.

MOUNT SNOW, VT.–An upbeat crowd filled the conference room and jammed the exhibit hall last week here at the Northeast Acquirers Association 2012 Winter Seminar and Outing, despite a relatively weak national economy, a decidedly bad local economy and weather a little too warm for skiing.

Google Inc. will not officially acknowledged it and AT&T Inc. declines to comment, but mobile-device, search-engine and payments observers on Feb. 3 were abuzz over a report that AT&T subscribers with Android-powered Galaxy Nexus smartphones equipped with Near Field Communication chips and an AT&T SIM card now may download the Google Wallet.

MOUNT SNOW, VT.–Social media, including Twitter, LinkedIn and Google+, have limited but important uses in the acquiring business, according to Kevin Jones, president of SignaPay Ltd., an Irving, Texas-based ISO and processor.

A new service from Visa Inc. will help issuing banks get a security boost from chip cards without the costly and time-consuming technology investments that normally would be required.

WASHINGTON–A new House bill aims to ease the tax-reporting requirements for retailers that rely on card purchases, which could stave off a wave of confused phone calls from merchants to their processors, according to the bill’s supporters.

Mankind’s standard device for remembering, and ultimately accomplishing, tasks at hand may forever be the “to-do list.”

Recent reductions in merchant debit card interchange rates and the threat of shrinking bank-branch networks raise troubling issues for ATM operators, but certain aspects of the changes could be positive for third-party ATM deployers.

This is an updated version of a story posted earlier.