Retailers

Mobile Money Network has landed a major retailer to participate in the initial phase of a mobile-payment software application launch that will enable United Kingdom consumers to purchase products for home delivery from any location by typing a product code into their phones, the London-based mobile commerce company announced Nov. 4.

Square Inc. continues to secure investors, and the latest one is bringing a lance to the table.

Bank of America Corp. is the second major card issuer to buck a recent smart card trend by structuring its EMV cards for U.S. commercial cardholders traveling abroad with chip-and-PIN technology instead of chip-and-signature.

Accertify Inc. will add its fraud-prevention program to the mobile-banking offerings of several Latin American banks after signing an agreement with payment processor Tik Tek Solutions, S. de R.L. de C.V, the fraud-prevention and risk-management provider announced Nov. 7.

Executives at Ingenico SA see an opportunity to boost the France-based payment-terminal maker’s market share in North America, where a shake-up has occurred over the past few months involving the region’s top two vendors.

Intuit Inc. has secured another partnership with a telecommunication company to sell its GoPayment software application and card reader.

The global point-of-sale payment terminal market is enjoying a technology boom as manufacturers peering just over the horizon see rampant demand for in-store devices that can accommodate both contactless payments and card transactions authenticated by EMV chip-and-PIN security protocols.

LAS VEGAS–The banking industry has lost the battle against debit interchange regulation several times over, but some executives are still fighting the good fight.

A glimpse of what some say represents the future of payments has arrived, but thus far only in certain geographic areas. With the Card Case smartphone application from Square Inc., consumers pay simply by saying their names at the point of sale.

LAS VEGAS–Mobile-wallet providers Google Inc. and Isis continue to position their products as more than just payments vehicles to replace plastic cards.

MasterCard Worldwide has entered into a partnership with Taiwan-based online retailers PayEasy Co. Ltd. and GoHappy Co. Ltd. to offer a cross-border shopping service, the payment card brand announced Nov. 1.

Gemalto NV has launched a product that secures online banking transactions using a combination of a smart card, secure browser and Adobe reader technology, the technology provider announced Nov. 2.

MasterCard Worldwide will offer special incentives to certain merchants to offset the effects of new Federal Reserve Board rules requiring debit cards to carry at least two card-network brands in contrast to Visa’s plan to offer broad merchant incentives, Ajay Banga, MasterCard chairman and CEO, told analysts Nov. 2.

Citing higher purchase volumes for credit and debit cards in all regions, MasterCard Worldwide earned net income of $717 million for the third quarter ended Sept. 30, up 38.4% from $518 million a year earlier, the company said Nov. 2.

Can "Stop.Think.Connect" become the new "Stop, Drop and Roll"?

VeriFone Systems Inc. is continuing its push into the retail mobile-payment market by acquiring Global Bay Mobile Technologies, a private mobile retail software provider, the payment-terminal maker announced Nov. 1.

An Internal Revenue Service announcement that it will not penalize independent sales organizations showing a “good faith” effort to supply the IRS with newly required merchant-transaction data for the 2011 tax year does not represent a total reprieve from the new regulations, a tax-compliance service provider says.

Small merchants remain woefully ignorant about card-transaction security, but independent sales organizations can do something about it, according to the industry insiders who completed a recent survey.

Those who want a say in future card-data security standards may send feedback to the Payment Card Industry Security Standards Council for the next six months, a council executive says.

Using an effective online banking data-security method customers view as nonintrusive represents the best option for financial institutions as fraud-prevention capabilities increasingly become key factors in consumer choice, a fraud expert suggests in a recent study report.