Retailers

Socialwise Inc. is furthering its promotion of its BillMyParents alternative payment system through its partnership with skateboarding star Rob Dyrdek.

Hypercom Corp. reported Monday that it swung to a loss of nearly $3.5 million during the first quarter from a profit of $375,000 a year earlier.

PayPal Inc. could lose a substantial amount of transaction revenue if pending caps on debit interchange are applied to the alternative payments company, an analyst with FBR Capital Markets said in a research note Thursday.

As U.S. Bancorp upgrades its mobile banking offerings, it is also stepping up its use of mobile data business intelligence to target sales and personalize customer service.

Financial institutions likely soon will face significant reductions in debit card interchange revenue, but that is not stopping a San Diego-based issuer from launching a program in which customers will receive cash back on purchases initiated with its Visa check cards.

Despite a United Kingdom Office of Fair Trading investigation looking into the debit and credit card fees the country’s airlines charge, easyJet Airline Co. Ltd. continues to increase its debit card fees for flight bookings, PaymentsSource has learned.

Visa Inc. plans revisit its incentive agreements with issuing banks after the Federal Reserve Board finalizes its capped rate for debit card interchange this summer, executives for the card brand told analysts May 5 during a conference call to discuss fiscal second-quarter earnings.

U.S. merchants now may process magnetic stripe, e-commerce and EMV chip-and-PIN payments using Yespay International Ltd.’s cross-border payment service, the London-based company announced on May 4.

A new payment card allows users to see their balances right away with the technology they already have — no chips, fancy apps or even bookmarked mobile websites required.

Michaels Stores Inc. on May 5 began alerting customers that PIN pads at its Chicago-area stores may have been tampered with and that debit and credit card information possibly was compromised.

Hoping to replicate in Latin America the success of a payment card-based loyalty program similar to Canada’s Air Miles, Alliance Data Systems Corp. on May 5 said that its LoyaltyOne unit will play a key role in Banco do Brasil’s recently announced national rollout of Dotz, a broad payment card-based loyalty program.

Mobile users in India now have the ability to purchase tickets to the cricket Indian Premier League and movie theaters using Suvidha Starnet Pvt Ltd’s mobile-payment service.

CHICAGO–A day after the Wall Street Journal reported Isis was changing its business model by working with other established payments organizations, an executive for the organization told a panel here at the Smart Card Alliance’s annual conference nothing had changed.

CHICAGO—Further delay in U.S. migration to EMV chip-and-PIN technology might be another unintended consequence if the Federal Reserve Board’s proposed 12-cent cap on debit card interchange is enforced, two analysts agreed during a panel discussion here May 4 at the Smart Card Alliance’s annual conference.

Merchant e-Solutions Inc. is rolling out a suite of mobile-payment applications on its new PayEverywhere platform, the company announced May 5

Cocard Marketing Group LLC, a Nashville, Tenn.-based independent sales organization with more than 90 offices across the nation, has renewed its card-processing contract with National Processing Co. LLC.

For all the talk about the upcoming NFC-driven mobile payments revolution at the point of sale, new research from Oracle is throwing some cold water on the hype.

National Credit Union Administration released a study May 4 showing that many small credit unions currently lose money on their debit cards but for most credit unions debit is extremely lucrative.

Visa Inc. is likely to report positive second-quarter earnings Thursday afternoon, an analyst said.

Heartland Payment Systems Inc. is adding merchant accounts and processing more transactions for its established merchants, thanks to a well-honed sales effort and a healthier economy.