Retailers

Long a private-sector bastion, India’s point-of-sale payments infrastructure soon should receive an unexpected and big boost from public-sector banks seeking to boost their fee revenue.

This story has been revised from its original version.

Year after year, Apple fans have expected the company to make a splash with an iPhone-based mobile-payment system. And year after year, Apple has let them down, but but a lot has been going on under the surface.

Coordinated cyberattacks against financial institutions are not likely to disappear anytime soon, but a recent surge unfolding in Brazil should heighten payments industry security awareness in light of the country’s growing electronic-payments market.

The Green Bay Packers are making some dramatic changes to Lambeau Field in a $143 million, two-year renovation project, but one behind-the-scenes move may mean the most to the fan experience.

MOUNT SNOW, VT.–An upbeat crowd filled the conference room and jammed the exhibit hall last week here at the Northeast Acquirers Association 2012 Winter Seminar and Outing, despite a relatively weak national economy, a decidedly bad local economy and weather a little too warm for skiing.

Google Inc. will not officially acknowledged it and AT&T Inc. declines to comment, but mobile-device, search-engine and payments observers on Feb. 3 were abuzz over a report that AT&T subscribers with Android-powered Galaxy Nexus smartphones equipped with Near Field Communication chips and an AT&T SIM card now may download the Google Wallet.

MOUNT SNOW, VT.–Social media, including Twitter, LinkedIn and Google+, have limited but important uses in the acquiring business, according to Kevin Jones, president of SignaPay Ltd., an Irving, Texas-based ISO and processor.

A new service from Visa Inc. will help issuing banks get a security boost from chip cards without the costly and time-consuming technology investments that normally would be required.

WASHINGTON–A new House bill aims to ease the tax-reporting requirements for retailers that rely on card purchases, which could stave off a wave of confused phone calls from merchants to their processors, according to the bill’s supporters.

Mankind’s standard device for remembering, and ultimately accomplishing, tasks at hand may forever be the “to-do list.”

Recent reductions in merchant debit card interchange rates and the threat of shrinking bank-branch networks raise troubling issues for ATM operators, but certain aspects of the changes could be positive for third-party ATM deployers.

This is an updated version of a story posted earlier.

MOUNT SNOW, VT.–Merchants don’t understand the Payment Card Industry data security standards, and ISOs aren’t doing enough to help them comply with those rules.

MOUNT SNOW, VT.–Merchants don’t understand the Payment Card Industry data security standards, and independent sales organizations aren’t doing enough to help them comply with those rules.

“Feeding coins in the parking meter” may become a phrase associated with days of payments past, especially if PayByPhone Inc. continues to develop a mobile-payment method for consumers using parking spaces.

Tabbedout’s new CEO wants to grow the company’s dining mobile-payment application by signing up more point-of-sale vendors and in turn more partner merchants.

Visa Inc. chairman and chief executive Joe Saunders on Jan. 31 downplayed concerns over the costs associated with implementing its new digital wallet at the company’s annual shareholder meeting.

MasterCard Worldwide didn’t come right out and say it, but the card brand is encouraging U.S. issuers and merchants to embrace chip-and-PIN technology as part of a migration to the EMV smart card security standard in the next three years.

The recession left its mark on many industries, but if it had a silver lining for 7-Eleven Inc., it may have been the opening it created to get into a more-profitable array of financial-services products in response to shifting consumer demand.