POS and Retail

WASHINGTON – The Consumer Financial Protection Bureau is seeking comments on whether and how to revise Regulation E, which governs implementation of the Electronic Fund Transfer Act.

A Canadian independent sales organization is offering its merchants a proprietary mobile-payment acceptance device that other Canadian ISOs also could sell.

Business owners no longer must scrawl their names and initials on paper when they sign up for merchant card-processing agreements.

EBay Inc. has acquired BillSafe, a provider of purchase-on-invoice technology in Germany, the online-auction provider announced Dec. 22.

VeriFone Systems Inc. has installed 1 million payment-acceptance systems in Russia, the company announced Dec. 21.

Coles Supermarkets is looking to get customers through its checkout lines faster through acceptance of contactless payments, Australia’s second-largest supermarket chain announced last week.

Accessories manufacturer Brighton Collectibles has equipped sales clerks in more than 150 of its stores nationwide with a VeriFone Systems Inc. mobile point-of-sale system, terminal-maker VeriFone announced Dec. 20.

Revosys Inc. has no illusions about immediately dethroning VeriFone Systems Inc. as the top provider of in-taxi payment systems. But it does believe payment and security upgrades to its in-taxi advertising system could measure up.

Intuit Inc. has officially launched a prepaid card account where even unbanked merchants and individuals may deposit their GoPayment sales, the company announced Dec. 20.

VeriFone Systems Inc. is ready to go live with its first content partner for a system that plays videos on gas-station payment terminal screens: NBCUniversal Inc., the terminal vendor announced Dec. 19.

Eastern Europe gets a bad rap when it comes to payment card data security, but the region does not experience considerably more hacking-attack incidents than do other parts of the world. But it is a main source of such incidents, an industry analyst contends.

To encourage adoption of new security standards in the U.S., the most important tool is policy.

VeriFone Systems Inc. has defied the headlines decrying gloom over the European debt crisis by enjoying continued growth in the region while continuing to expand payment-terminal installations rapidly in Latin America.

Someday, such a thing as an alternative payment no longer may exist.

With the help of acquisitions and new ventures, VeriFone Systems Inc. posted a 31% increase in fourth-quarter year-over-year earnings Dec. 14, marking the sixth consecutive quarter with a revenue gain of 20% or more.

Visa Inc. may be preparing to debut its ties to Google Inc.’s Google Wallet mobile-payments scheme in London at the 2012 Summer Olympic Games, sources suggest.

First Data Corp. has introduced Global Gateway e4, an online payment gateway that offers what the company says is safe and reliable processing for card-not-present transactions, the transaction processor announced Dec. 13.

Payment Card Industry data-security standards continue to fail merchants in their most vulnerable hour, as one restaurant chain might have prevented a credit card fraud scheme if it equipped its payments systems better to address third-party intrusions, a security expert contends.

The silence is almost deafening.

Credit-union members spent 8.1% more and made 10.1% more transactions during this year’s Black Friday than they did on the same day last year, according to a new analysis conducted by Co-op Financial Services and Saylent Technologies, a provider of payment-intelligence services.