Retailers

Consumers’ ability to pay for a restaurant or bar tab with a smartphone went from small scale to mainstream with TGI Friday’s Inc.’s decision to use Tabbedout’s mobile-payment application.

A new agreement with cloud-based e-commerce provider Digital River Inc. will enable Acculynk Inc. to provide more merchants access to its PaySecure online PIN-debit payment method, the Atlanta-based company announced April 30.

BALTIMORE–Two large merchants here at NACHA’s Payments 2012 conference expressed decidedly negative views toward the U.S. path to EMV chip card adoption.

As consumers complain more about rising gasoline prices, petroleum retailers are renewing their own complaints about how credit card interchange fees erode their profits, prompting a new round of industry sniping.

Vendors providing merchants and processors with advanced encryption for card-data security now have a better idea of what standards the payments industry expects those systems to meet.

The U.S. push to electronify payments is taking on a new twist as the nation's largest retailer begins welcoming cash for online purchases.

In its first earnings release as a public company, Vantiv Inc. posted a 23% increase in first quarter net revenue, thanks mainly to merchant services.

Harnessing Facebook as the primary channel to recruit customers paying online for services could be a double-edged sword for certain startups.

The U.S. may be facing a migration to EMV chip cards over the next few years, but few issuers or merchants have yet to reach out for assistance, the chairman and CEO of Total System Services Inc., or TSYS, told analysts April 24.

Much speculation unfolded about what the loss Green Dot Corp.’s processing business might do to Total System Services Inc. But the company showed no signs of immediate concern in reporting a modest first quarter increase in revenue April 24.

A parade of technology firms vying for their attention is turning on its ear the conventional wisdom that small businesses are lost in a technology wilderness with no suitable cash-management software. Such vendors all are hoping to reach either banks or the businesses themselves with digital-processing capabilities.

The way Norse Corp. CEO Sam Glines sees it, his card data security-software company has connected a major dot in offering a full payment-gateway service.

As banks, card issuers, processors, terminal makers and others involved in electronic transactions are well aware, many new software engineers would rather work for Google Inc. or a hot new start-up than enter the payments or banking industries.

Advocates of contactless payments may not view a test run of the technology in 25 Asda stores in the United Kingdom as a significant announcement, but the potential exists for eventual mass exposure through the supermarket giant.

Smaller payment card issuers would provide the strongest data security and enable their customers to shop anywhere in the world by opting to add chip-and-PIN EMV technology to their magnetic stripe cards as the U.S. moves toward full smart card adoption, a new report suggests.

New Jersey merchants are worried they might lose millions of dollars annually in the "sales lift" gift cards add to their bottom lines because of a new state law affecting gift card availability.

Citing a number of “unusual items” in Fifth Third Bancorp’s first-quarter earnings report, Dan Poston, the bank’s chief financial officer, assured industry analysts the quarter was “not as noisy as it might seem.”

LAS VEGAS–Independent sales organizations face internal and external threats that could put most of them out of business in the next few years, speakers said here April 18 at the Electronic Transactions Association Annual Meeting & Expo.

Merchants using ZenCart, an open-source shopping cart, now may accept OpenCuro payments under a deal the two companies announced April 17.

Within a couple of months, MasterCard Worldwide expects its cardholders to have easy access to daily coupons from merchants.