Retailers

Hypercom Corp. made its case Nov. 2 that it can succeed as an independent company.

The Federal Reserve Board’s still-unwritten debit-interchange rules and new restrictions on network-exclusivity agreements could help First Data Corp.’s business, executives at the transaction processor predicted Nov. 4.

Effective Jan. 1, merchants and payments companies must ensure their systems comply with versions 2.0 of the Payment Card Industry and Payment Application data-security standards the PCI Security Standards Council released Oct. 28.

In today’s marketplace, where members of the merchant-acquiring community are using every resource available to improve their professional standing and to find new business, many are turning to such social-networking websites as LinkedIn, Facebook and Twitter to get in front of their respective audiences.

Because of multiple errors found in many European business’ domestic and cross-border payment data, a migration to a Single Euro Payments Area may prove to be costly as faulty data may accrue fees under the SEPA system, a new research report from Experian Payments suggests.

Hypercom Corp. made its case Nov. 2 that it can succeed as an independent company.

Driven by growth abroad, Hypercom Corp. says it recorded record revenue in the third quarter.

Heady growth in the Asia-Pacific, Europe and Latin America made for a strong third quarter for France-based point-of-sale equipment maker Ingenico S.A.

VeriFone Systems Inc. says its PayWare Merchant managed service for large retailers, petroleum marketers and hospitality companies is now available in Europe.

Apple Inc.’s MFi licensing program for devices designed to work with mobile Apple products has certified Blue Bamboo’s P25-M mobile printer and card reader, the China-based point-of-sale terminal maker announced Oct. 29.

Internet PIN-debit payment technology is slowly, but steadily, gaining traction in the marketplace as several companies have introduced products intended to bring more security to online transactions.

Visa Inc. is making inroads into the world of third-party software development, bolstering its ability to compete in e-commerce payments.

VeriFone Systems Inc.’s move to buy the point-of-sale terminal business of the France-based card maker Gemalto NV could be especially helpful in the event that its attempt to buy rival Hypercom Corp. fails.

Overnight, young mobile-payment company Bling Nation Ltd. became visible to 4 million smartphone users.

State Bank of India Ltd. soon plans to begin offering merchant-acquiring services through a new joint venture company after it finalizes how much equity each of the venture partners holds, a spokesperson for the Mumbai-based bank confirms to PaymentsSource.

A second merchant acquirer in Brazil and a payment processor in Ecuador will install a combined 26,500 Hypercom Corp. point-of-sale terminals by the end of the year, the terminal maker announced in separate releases this week.

A cacophony of marketing voices is urging ISOs and acquirers to consider mobile point-of-sale services as a way to grow revenue and potentially reach new merchants.

Spartked by a 14% increase in cardmember spending, American Express Co. Oct. 21 reported net income of $1.1 billion for the third quarter ended Sept. 30, up 71.9% from $640 million during the same period last year. Total revenue net of interest rose 39.6%, to $6.7 billion from $4.8 billion.

Companies continue to release mobile point-of-sale acceptance services amid few, if any, signs of the trend abating.

ISOs and acquirers will have work to do because of the Federal Reserve Board’s impending regulations that will set policy for establishing “reasonable and proportional” debit card interchange rates, panelists at the Western States Acquirers Association conference in San Diego told attendees last week.