POS and Retail

Data-security vendors generally acknowledge they are up against extremely high-tech, organized and relentless cybercriminals looking to steal identities and payment card data to execute fraudulent transactions.

A payments gateway offering multiple functions and customization options has become available in recent weeks to independent sales organizations and agents.

JPMorgan Chase & Co. set a strong pace for its credit card sales-volume growth during the fourth quarter that rivals may find difficult to match, but other factors caused the issuer’s net revenues and net income to decline.

Financial Transaction Services LLC wants to help merchants reduce interchange rates on business-to-business transactions and has developed the technology to do it.

Several major cities around the globe have been exposed to contactless-payment methods with cards or mobile phones, but Barcelona, Spain, soon may become the first city in which contactless is the dominant form of payment.

All of China’s bank-led payment platforms and third-party payment providers would have to ensure their customers use their real names when paying online under regulations the People’s Bank of China proposed Jan. 5.

Merchant cash advances, a value-added service some independent sales organizations offer to retailers, are defined as lump-sum payments to a business in exchange for a percentage of its future credit or debit card sales.

As European banks continue to establish standards for a Single Euro Payments Area, not nearly as much attention has focused on a similar process for ecommerce or mobile payments in the euro zone.

Total System Services Inc. has added two executives to its senior management group, the processor announced Jan. 12.

Correction: An earlier version of this story incorrectly described GlobalBay, which is software used for a hardware attachment for the Apple Inc. iPad.

Three data-security and payment processors have linked technologies to create a cloud-based advanced encryption payment system designed to protect payment card data and provide storage away from Columbia Sportswear Co. point-of-sale terminals.

A Canadian software provider is the first of many middleware companies that PayPal Inc. says will be key to bringing its online payment system to the physical point of sale.

Verizon Wireless expects to increase customer throughput through an agreement to deploy Rover, AnywhereCommerce's device designed to alleviate the need for customers to wait in checkout lines.

Independent sales organizations associated with United Bank Card Inc. have been differentiating themselves from competitors for a year now by giving merchants free point-of-sale terminals. Now the terminals appear to be getting better.

A strong majority of candidates passed the first examination for the acquiring industry’s new Certified Payments Professional credential.

With mobile-payment options available for New York taxi, subway or train riders, it was only a matter of time before the city’s ferry boats offered a similar plan.

Payments processor Total Systems Services Inc. has signed a new agreement with merchant-services provider Pivotal Payments Inc., the companies announced Jan. 10.

Intuit Inc. is taking GoPayment north to Canada as the company looks to move the mobile card reader and application to countries outside the U.S.

Though Facebook members generally reveal much about their private lives in what amounts to an open forum when posting information on the social media site, they are not as trusting when it comes to spending money on the site.

Acquirers may be wrong if they believe they can coerce small merchants into complying with security standards by charging them fees.