Retailers

A boost in payments processing and demand for technology outsourcing from banks helped Jack Henry & Associates Inc. raise its fiscal second-quarter revenue by 15% from a year earlier to $242.6 million.

Consorcio de Tarjetas Dominicanas SA, or CardNET, plans to use VeriFone Systems Inc.’s Total Protect encryption service, the payment terminal maker announced Jan. 31.

PayPal Inc. last week released a new set of changes in its user agreement for Indian customers in a move one observer says helps the company avoid Reserve Bank of India scrutiny.

I saw the future at the Northeast Acquirers Association conference in January and realized I had seen it before.

Visa Canada insists the Canadian Competition Bureau’s legal challenge to eliminate the company’s consumer-protection policies has no merit and would be harmful to consumers.

Companies providing payment gateways, loyalty programs, and authorization and related services for Visa-branded transactions have improved their compliance with the Payment Card Industry Data Security Standard, Visa Inc. announced Jan. 27.

For nearly every sales force in nearly every industry, selling based on price can be a losing game; someone is always willing to sell for less.

Various terminal makers have come out with their own devices and services designed to support payment card acceptance using mobile phones. But one independent sales organization has decided to do so on its own, and at least one observer says the company could succeed with the proper marketing.

The PCI Security Standards Council is seeking to broaden the scope of industry participation as it empanels its third set of new advisory board members since the initial board convened in 2007.

For the second consecutive year, North American online merchants improved their fraud-management performance, demonstrating they can counter crooks’ efforts when using appropriate fraud-prevention systems, new research suggests.

For nearly every sales force in nearly every industry, selling based on price can be a losing game; someone is always willing to sell for less.

Between earnings pressures, looming regulatory changes and new technologies flooding the marketplace, today’s market can be a tough place for sales agents.

WEST DOVER, VT.–Their silence on the Federal Reserve Board’s proposal to regulate debit card interchange rates could be counterproductive for independent sales organizations and merchant acquirers, Holli Targan, president of the Electronic Transactions Association, told attendees here at the Northeast Acquirers Association conference.

Despite consumer interest in alternative online payment products, credit cards still dominate the online-payments space. And they likely will continue to do so until merchants promote a broader array of alternative payment methods, according to Javelin Strategy and Research.

Processor Total System Services Inc., or TSYS, this afternoon reported fourth quarter net income of $51.6 million, down 18% from $62.9 million during the same period last year, Revenue was up 1.7%, to $440 million from $432.5 million.

Several issuers in the United Kingdom and Ireland recently announced plans to issue contactless cards usable at several major merchants. And while one observer says few consumers see the benefit of contactless payment, more European merchants, especially quick-service restaurants, have begun to accept contactless cards.

Citing increased consumer spending, American Express Co. is reporting fourth quarter net income of $1.1 billion, up 53.6% from $716 million during the same period in 2009. Total revenue net of interest expense rose 12.3%, to $7.3 billion from $6.5 billion, the company announced Jan. 24.

More consumers late last year chose to spend more when dining out, especially in less expensive restaurants, a new report on fourth quarter restaurant spending suggests.

As transaction volume for U.S.-based online merchants increased in 2010, so did the number of fraudulent attempts, which may mean merchants should reexamine their fraud-prevention systems to fend off potential attacks, new research suggests.

Neovia Financial PLC’s $50 million acquisition of Montreal-based Optimal Payments will provide Neovia with a “meaningful” presence in North America, the United Kingdom-based merchant processor announced Jan. 20.