Retailers

When Cumberland Farms said this month that it had processed $1 billion worth of gas via its decoupled debit card over the course of nearly three years, it was the latest example of the power of the decoupled debit card. And yet, other than Target's RED card, decoupled debit has barely moved beyond the convenience and petroleum segment.

JetPay Payment Services has chosen debit technology and processing veteran Thomas Tesmer as its new chief operating officer.

Well-prepared and adaptable merchant acquirers can turn the tech disturbance to their advantage—that is, if they can meet the following major challenges.

Like everywhere else on the planet, African retailers are struggling with the mobile payment chicken-and-egg dilemma — how can they accept mobile payments if consumers aren't using the technology?

Gas stations have had a complicated relationship with mobile wallets. Pump hardware is notoriously difficult to upgrade, and besides that, many consumers believe that it's a fire hazard to use their phones while fueling up.

Wal-Mart Stores Inc. and Visa Inc. are in talks aimed at settling the retailer’s $5 billion lawsuit over processing fees.

Since mobile app purchases are of little use to retailers if consumers bail on the transaction, technology vendors are keener than ever to cure 'cart abandonment.'

The gaming market is evolving and becoming more lucrative by the year. As developers continually aim to recreate new ways to monetize game content, mobile payment operators hold a unique position in this profitable market.

FPS Trust Co. and its sister company HealthSavings Administrators have integrated technology from the processor Total System Services into their operation.

Twitter Inc. named co-founder Jack Dorsey as chief executive officer, betting its co-founder and former leader will be able to revive fortunes at a social-media company that failed to impress investors following its 2013 initial public offering.

Though the EMV transition is a significant step in the effort towards making payments more secure, this EMV liability shift won’t solve mass data breaches on merchants.

Expanding upon an existing partnership, cloud-based e-commerce provider Bigcommerce and mobile card acceptance provider Square Inc. will offer retailers a new way to manage inventory from physical and online stores.

E-commerce merchants aren't supposed to be directly affected by the U.S. shift to EMV-chip cards at the point of sale, but they will face several unintended consequences of the increase in payment card security.

It was expected that e-commerce giant PayPal would develop and complete new partnerships after its official spinoff from eBay Inc. last summer.

This week marks the fourth anniversary of the “Durbin amendment,” a defective law directing the Federal Reserve to impose price-controls on debit interchange fees.

In time for the EMV liability shift, Moneris announced the launch of eight new point-of-sale tools compatible with the chip technology.

Like campaign managers at the end of a long election trail, top payments executives spent the final hours leading up to and shortly after the official EMV liability shift launch supporting the efforts of the past four years and providing the latest details on chip-card migration.

First Data Corp., the payments processor taken private by KKR & Co. eight years ago, is seeking to raise as much as $3.2 billion in what’s poised to be the biggest U.S. initial public offering this year.

Rules set by Visa and MasterCard suggest that by the start of this month, ideally, banks would all be issuing EMV-compliant cards and retailers would have the technology to accept them. If one party is supporting EMV and the other is not, the delinquent entity will have to cover the cost of any fraud that ensues.

Oct. 1 was an important day for U.S. merchants. It marked the deadline for retailers to upgrade their point-of-sale terminals to EMV-compliant machines. Afterwards, merchants that don’t support payment cards with embedded chips will be liable for in-store fraud.