Retailers

VeriFone Systems Inc. said Wednesday that it has begun installing passenger-activated payment and multimedia information systems in taxis in Atlanta.

An investor advocacy group is searching for Hypercom Corp. investors who feel jilted after the vendor's board last week turned down an unsolicited bid from rival VeriFone Inc. for more than $280 million (see story).

Bling Nation Ltd.’s deal with Fifth Third Processing Solutions LLC could give them the entree they need to promote the company’s postage-stamp-sized contactless payment sticker across the country.

Westpac Banking Corp. is deploying 15,000 Hypercom Corp. Optimum-branded point-of-sale terminals as part of a $50 million deal the two companies announced last year (see story), Hypercom announced Oct. 5.

A settlement involving the top two payments networks over their merchant acceptance policies gives retailers more clout to promote the use of cheaper cards, but an analyst doubts many businesses will change their practices.

First Data Corp. says its TransArmor data-security services will be made available to more than 350,000 merchants that process with Bank of America Merchant Services, a joint venture between the Atlanta-based payment processor and Bank of America Corp.

Akamai Technologies Inc. says its new Edge Tokenization service pushes sensitive transaction data away from vulnerable online merchants payment networks.

VeriFone Systems Inc. says today it has bought a majority stake in All Business Solutions, an Italy-based payment integrator and software developer, from the company’s founders and ACI Informatica, which will keep a minority ownership.

By proposing to combine two of the world's three largest makers of payment terminals, VeriFone Systems Inc.'s hostile bid for Hypercom Inc. appears to raise antitrust issues.

A new payment-authentication company has developed technology that uses any phone to help verify Internet PIN-debit transactions conducted at participating merchant websites.

The PCI Security Standards Council this fall plans to launch a website dedicated to small merchants, which have asked the council for help in understanding how data-security measures affect them.

Online payment gateway GoToBilling Inc. has a new reseller program that it hopes will attract more ISOs and, subsequently, more merchants, the Bozeman, Mont.-based company says.

International CyberTrans wants to add more merchant-services salespeople to its roster.

Hypercom Corp.’s board of directors on Sept. 30 rejected VeriFone Systems Inc.’s unsolicited $284 million bid to buy the Scottsdale, Ariz.-based point-of-sale terminal maker.

VeriFone Systems Inc.’s unsolicited bid to acquire rival Hypercom Corp. for $5.25 in cash for each Hypercom share is too low, and Hypercom should hold out for at least $6 per share if offered in cash, analysts say.

Hypercom Corp. this morning announced that its board of directors has unanimously rejected an unsolicited, nonbinding proposal from VeriFone Systems Inc. in which VeriFone in a Sept. 27 letter proposed to acquire all of Hypercom’s outstanding common shares for $5.25 per share in cash.

VeriFone Systems Inc. announced Wednesday an unsolicited bid to buy rival Hypercom Corp. at $5.25 per share, which it described in a letter to Hypercom's board.

VeriFone Systems Inc. on Sept. 29 announced it has sent a letter to the board of Hypercom Corp. with a proposal to acquire outstanding shares of of the payment terminal company for $5.25 per share. VeriFone plans to conduct a conference call to discuss its proposal with its shareholders today 2p.m. PDT.

Online payment gateway GoToBilling Inc. has a new reseller program that it hopes will attract more independent sales organizations and, subsequently, more merchants, the Bozeman, Mont.-based company says.

Sales representatives for TransFirst will sell merchant services to business customers of MainSource Bank, the Hauppauge, N.Y.-based merchant-services company announced Sept. 28.