Retailers

Before undergoing major technical tasks related to preparing point-of-sale terminals for the Single Euro Payment Area, French terminal maker Ingenico SA says it will have a key voice in establishing security and payment scheme standards for the single European market.

Citing strong cardholder spending increases across the board, American Express Co. on Oct. 19 said its U.S. Card Services unit produced income of $733 million during the quarter ended Sept. 30, up 23.2% from $595 million a year earlier.

U.S. Bancorp on Oct. 19 reported positive third-quarter earnings driven by increases in fee-based revenue, including higher payments-related income.

Google Inc. is entering the transit space through a partnership with the New Jersey Transit Agency, which will enable Google Wallet users to purchase tickets at select vending machines and ticket windows and pay fares on seven bus routes.

The acquiring industry is outsourcing some of the work involved with a new requirement to report merchants’ transactions to the Internal Revenue Service, a task some have characterized as worse than a bad dream.

Banks involved in the creation of a Single Euro Payment Area in Europe must view it as an opportunity to rebuild a payments system from scratch instead of as an overly complex challenge in which applying new standards to an old system will suffice, a new report by Boston-based research firm Celent asserts.

Nearly 350 members of the merchant-acquiring industry have applied to take the first test for the new Certified Payments Professional credential developed and administered by the Electronic Transactions Association.

Marketing analysts who say mobile access is the future of loyalty programs with retailers and restaurants are closely watching to see how consumers respond to new mobile apps linking card purchases to rewards credits.

Merchants who use credit card terminals that do not accept PIN transactions or incorporate mobile card readers at their businesses can have those devices tested for the use of advanced encryption for data protection, the Payment Card Industry Security Standards Council announced Oct. 14.

Prepaid marketer NetSpend Holdings Inc., which recently lost some crucial distribution partners, has rebounded with a new deal inked with 7-Eleven Inc.

Two Shanghai city business-development organizations are attempting to further push online shopping during the Chinese festival season in collaboration with third party online payment provider International Payments Solutions (Shanghai) Ltd.

CHICAGO—Consumers will decide which mobile wallets they want to use and that is why financial institutions should participate in as many as possible, a Citigroup Inc. executive on Oct. 12 told attendees here at the BAI Retail Delivery conference.

With e-commerce becoming a bigger target for payment data theft, Global Payments Inc. intends to provide its online merchants with another set of fraud-detection tools.

PayPal Inc. is putting itself at nearly every possible point of a consumer's banking relationship – from account-opening to payments and even reward-redemption – through a series of new partnerships.

U.S. Congressman Jason Chaffetz (R-Utah) and Congressman Bill Owens (D-New York) today plan to introduce legislation aimed at repealing the debit card interchange rate-control provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the lawmakers announced.

The merchant-acquiring industry is turning an Internal Revenue Service reporting requirement into a profit center, some analysts suggest.

Seeking to become a dominant player in the growing school-meals payments arena, a Heartland Payment Systems, Inc. unit has announced the purchase of School-Link Technologies Inc., its fourth such acquisition in the last 10 months.

Seeking to drive company growth with vendors and ISOs equipped with common sales tools and certifications, NCR Corp. has created a new global partner program, a company executive says.

A Toronto-based payments gateway is providing consumers with a simpler way to make online purchases from mobile phones, and it is looking for independent sales organizations to promote the product to merchants.

In an effort to thwart fraud attempts at the earliest stage of the online ticket-purchasing process, Turkish Airlines Inc. has opted to link its website to CyberSource Corp.’s fraud-monitoring services.