POS and Retail

Until a few years ago, payment card processors and merchant acquirers found it relatively easy to incorporate biannual April and October updates of interchange-rate tables and other mandates from the payment networks into their systems.

The U.S. is closer to EMV readiness than many realize, and it may not cost as much as previously feared, suggests a newly crafted “roadmap” to U.S. adoption of EMV chip-and-PIN technology.

The Roads and Transport Authority of Dubai has expanded the use of its closed-loop Nol Card, which commuters have been using to pay for Metro fares, road tolls and parking in Dubai, a spokesperson confirms to Payments Source.

Global Payments Inc. has promoted James R. Hicks to president of its Global Payments Asia Pacific Ltd. unit, where he will oversee the merchant processor’s payment operations in 11 Asian countries, the Atlanta-based company announced Feb. 11.

Cineplex Entertainment, which supports 132 theaters in Canada serving more than 70 million visitors each year, is giving consumers the option to pay for tickets from their PayPal account, the Toronto-based company announced Feb. 11.

MasterCard Worldwide launched a beta version of its developer’s portal early last month, but the card brand has invited only about 1,000 programmers to participate, a MasterCard spokesperson said Feb. 10.

Vendors often tout their products in press releases and through other efforts seeking publicity. But sometimes they choose to keep things relatively low key.

Zumogo, ProPay Inc.’s new social-media payment tool for mobile phones, leaves out vital information that ProPay says some competitors leave in.

First Data Corp. plans to support the Federal Reserve Board’s proposed new debit interchange rules with a two-tiered pricing structure for its Star PIN-debit network, and it expects slow but steady revenue growth ahead, company executives told analysts Feb. 2.

Visa Inc. is furthering its e-commerce strategy by buying a payment platform for online games.

Visa Inc. no longer will require merchants outside the U.S. to annually validate their compliance with the Payment Card Industry Data Security Standard if three-fourths of their transactions comply with the EMV chip-and-PIN standard, the network announced Feb. 9.

U.S. Bancorp’s Elavon Inc. merchant-processing unit has Class B-certified Hypercom Corp.’s SPOS32 EMV payment software on Hypercom’s T4200 and M4200 payment devices in Canada, the Phoenix-based terminal maker announced Feb. 9.

Merchants using direct marketing services from Marketing Architects Inc. will be able to determine faster whether a consumer’s payment card is valid through a new authorization service the company is using from VeriFi Inc.

As the mobile-payments ecosystem continues to take shape, Total System Services Inc., or TSYS, is dipping its toe into the pool for the first time through a partnership with a Singapore-based trusted service manager for financial institutions, retailers, transit operators and mobile-service providers.

Telefónica O2 UK Ltd. is adding its name to a growing list of wireless carriers planning to launch Near Field Communication initiatives to enable consumers to use their smartphones to initiate payment at the point of sale.

Technology is driving down the rate of fraud for banks, though the cost to consumers for identity theft crimes is going up.

Maas Global Solutions Corp. has become the exclusive processor for Pride Payments Network LLC after making a “significant investment” in the merchant acquiring independent sales organization, the companies announced Feb. 5

Discover Financial Services can check off another country in its plan to become a truly global card-acceptance brand.

As merchants crack down on fraud, resources to help investigate and recoup their losses from so-called “friendly fraud” are on the rise, helping to thwart the trend, observers say.

Zumogo, ProPay Inc.’s new social-media payment tool for mobile phones, leaves out vital information that ProPay says some competitors leave in.