Retailers

A parade of technology firms vying for their attention is turning on its ear the conventional wisdom that small businesses are lost in a technology wilderness with no suitable cash-management software. Such vendors all are hoping to reach either banks or the businesses themselves with digital-processing capabilities.

The way Norse Corp. CEO Sam Glines sees it, his card data security-software company has connected a major dot in offering a full payment-gateway service.

As banks, card issuers, processors, terminal makers and others involved in electronic transactions are well aware, many new software engineers would rather work for Google Inc. or a hot new start-up than enter the payments or banking industries.

Advocates of contactless payments may not view a test run of the technology in 25 Asda stores in the United Kingdom as a significant announcement, but the potential exists for eventual mass exposure through the supermarket giant.

Smaller payment card issuers would provide the strongest data security and enable their customers to shop anywhere in the world by opting to add chip-and-PIN EMV technology to their magnetic stripe cards as the U.S. moves toward full smart card adoption, a new report suggests.

New Jersey merchants are worried they might lose millions of dollars annually in the "sales lift" gift cards add to their bottom lines because of a new state law affecting gift card availability.

Citing a number of “unusual items” in Fifth Third Bancorp’s first-quarter earnings report, Dan Poston, the bank’s chief financial officer, assured industry analysts the quarter was “not as noisy as it might seem.”

LAS VEGAS–Independent sales organizations face internal and external threats that could put most of them out of business in the next few years, speakers said here April 18 at the Electronic Transactions Association Annual Meeting & Expo.

Merchants using ZenCart, an open-source shopping cart, now may accept OpenCuro payments under a deal the two companies announced April 17.

Within a couple of months, MasterCard Worldwide expects its cardholders to have easy access to daily coupons from merchants.

Part of the aura of “driving in luxury” includes not worrying about paying at the end of the ride. Uber Technologies Inc. banks on that.

SignatureLink has entered a deal with Magento to allow its antifraud technology to work with Magento's e-commerce system, SignatureLink announced April 17.

Despite new rules and legislation that have cut into certain revenue streams, credit and debit cards are showing some positive trends at U.S. Bancorp.

More independent sales organizations are offering personal computer-based point-of-sale systems to merchants, insiders report.

Heartland Payment Systems Inc. has signed a three-year contract extension with Citgo Petroleum Corp. to continue authorizing debit and credit card transactions at approximately 6,000 of the petroleum retailer’s branded locations nationwide, the transaction processor announced April 17.

When the U.S. broadly adopts chip-enabled payment cards, it is less likely a drastic increase in card-not-present fraud will occur like the spike Europe experienced after its conversion to the EMV card standard, an analyst tells PaymentsSource.

Citi Philippines, a unit of Citigroup Inc. is working with Planet Payment to provide the currency processor's services to Citi's merchant clients in the Philippines.

The reality of Visa Inc.’s new Fixed Acquirer Network Fee will begin to sink in with merchants when their next monthly statements arrive, and most will not greet the new levy warmly, observers warn.

As soon as the pain subsides from enduring a punch in the stomach from another data breach, the payments industry often is ripe for a change in behavior. Or at least it’s willing to learn more about how to avoid future mishaps.

Total System Services Inc., or TSYS, has signed a new long-term partnership agreement with First Hawaiian Bank of Honolulu, renewing its acquirer-processing relationship with the $15.8 billion-asset bank, the Columbus, Ga.-based company announced April 12.