Retailers

Intuit Inc. is taking GoPayment north to Canada as the company looks to move the mobile card reader and application to countries outside the U.S.

Though Facebook members generally reveal much about their private lives in what amounts to an open forum when posting information on the social media site, they are not as trusting when it comes to spending money on the site.

Acquirers may be wrong if they believe they can coerce small merchants into complying with security standards by charging them fees.

Given all the time and money banks have been putting into nascent mobile payment systems, the last thing they need is a new competitor parachuting into the mix, and in a more advantageous position.

Visa Inc. appears to have one up on other international brands when it comes to debit card acceptance at at least one Canadian airline.

U.S. Bancorp has implemented the electronic payments system Secure Vault Payments with the Nebraska Child Support Payment Center for parents to make child-support payments online.

Any thought that Visa Inc. was the least bit interested in dipping its toe into merchant acquiring quickly dissipated when the card brand decided to sell an online merchant portfolio it inherited from a purchase two years ago to Global Payments Inc.

Acquirers should mention security to merchants more often. A lot more often–every time they make a sales call, field a complaint, explain a regulation, solve a technical problem, send an email message, mail a monthly statement or launch a direct-mail campaign.

In a development that should push along Nigeria’s move toward a cashless society, the Vigeo Group has introduced a point-of-sale terminal that can accept all Nigerian bankcards.

The number of companies caught in data breaches exposing consumers’ credit, debit and bank account numbers is growing, but the best way to make amends to customers is not yet clear.

Global Payments Inc. stayed true to its name in targeting the acquisition of merchant portfolios from banks in Russia and Malta during its fiscal second quarter, but it also solidified its North American activities with a deal to purchase CyberSource’s U.S. merchant-acquiring portfolio from Visa Inc.

VeriFone Systems Inc. has its GlobalBay iPad retail mobile-payment software literally rolling on the sales floors at U.S. Guess Inc. clothing and accessories stores, further establishing that the company intends to position itself as a key player in mobile payments and customer marketing.

Security experts have long considered restaurants a happy hunting ground for credit card skimmers and payment-system hackers. So much so, diners have become understandably reluctant to let a waiter take their credit card away from the table when settling their bill.

Global Payments Inc. on Jan. 5 reported a 20% increase in fiscal second-quarter revenues, to $530.5 million from $443.5 million during the same period ended Nov. 30 in 2010. Net income rose 14%, to $61.2 million from $53.5 million.

VeriFone Systems Inc. is working on an add-on to Apple Inc.'s iPad tablet that slips on to the device and transforms it into a payment terminal that can scan barcodes.

Small businesses in the United Kingdom have few options when it comes to accepting EMV chip-and-PIN cards on smartphones.

In a dramatic and unexpected move, Mumbai-based State Bank of India has scrapped its plans to form a joint venture with U.S.-based Elavon Inc. and Visa Inc. to enter the merchant-acquiring business.

Elavon has launched a secure payment product that turns mobile devices, such as cell phones, into chip card payment terminals, the unit of U.S. Bancorp announced Jan.4.

Justice Department lawyers say a former government informant convicted of hacking into TJX and more than a dozen other leading retailers was never authorized by the U.S. Secret Service, which was employing him as an undercover informant, to steal data on more than 150 million credit card accounts.

VeriFone Systems Inc. has completed the acquisition of Point, Northern Europe’s largest provider of payment and gateway services for retailers, the terminal maker announced Jan. 3.