Retailers

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.

Though it established a two-tier rate structure to accommodate issuers exempt from new caps on debit card interchange established by the Federal Reserve Board, Visa Inc. made only minor changes to the rates acquirers use to determine how much they pay card issuers with less than $10 billion in assets.

Transaction processor TransFirst has purchased RST Ventures Inc., an electronic payment processing services provider that does business as US Merchant Services, TransFirst announced Oct. 5.

The Secure Remote Payment Council reached a watershed moment of sorts last month when it cosponsored a one-day symposium with the Federal Reserve Board of Chicago.

Hypercom USA has changed its name to Equinox Payments LLC in a move that one analyst says should take no one by surprise.

Citing strong execution across each of its businesses, Global Payments Inc. on Oct. 4 reported fiscal first-quarter revenue of $542.8 million, up 23.3% from $440.1 million during the same period last year.

OfficeMax Inc. customers may tap and pay using the Google Wallet mobile phone payment application at new checkout terminals the retailer has placed in more than 100 of its stores, the office-supply company announced Oct. 3.

Europe’s lingering debt crisis likely will cause some European banks to be wary of adhering to a pending deadline to accept euros as a common currency for electronic cross-border payments as part of the Single Euro Payments Area for eurozone countries, new research indicates.

Each merchant seeking to comply with Payment Card Industry data-security standard requirements grapples with different challenges, but insights from security experts at McDonald’s Corp. and British Airways recently shed light on a few common headaches companies face in securing card data.

Ingenico SA’s Incendo Online product has become the first “smart client” system to comply with the Payment Card Industry Security Standards Council’s PIN Transaction Security standards, the company announced Oct. 3.

The vast majority of companies continue to fall short of complying with the Payment Card Industry Data Security Standard during their initial audit, with 79% failing and only 21% getting a passing grade, contends a report Verizon Communications Inc. released Sept. 28.