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U.S. law-enforcement officials are investigating a security breach involving “a limited number” of PIN-debit terminals deployed at Aldi grocery stores, a spokesperson for the Batavia, Ill.-based company tells PaymentsSource. Aldi stores accept only PIN-debit transactions and cash for payment at the point of sale.
September 27 -
Pivotal Payments’ plan to buy 33,000 Hypercom Corp. point-of-sale terminals for distribution to Canadian merchants is the independent sales organization’s largest terminal purchase to date, Frank LoSchiavo, Pivotal senior vice president of sales, tells PaymentsSource.
September 27 -
The six-month deadline extension for Canada’s merchants to convert to EMV chip-and-PIN technology points to certain technical difficulties some have encountered during the lengthy process, observers say.
September 24 -
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.
September 24 -
Pivotal Payments, a merchant acquirer in Melville, N.Y., has agreed to purchase up to 33,000 payment terminals from Hypercom Corp.
September 24 -
The time to prepare for EMV and advanced encryption appears to have arrived.
September 23 -
The more than 350 independent sales organizations that work with National Processing Co. should anticipate work as usual once Fifth Third Processing Solutions LLC completes its acquisition of the Louisville, Ky.-based merchant processor.
September 23 -
ISOs and agents seldom question the importance of helping their merchants comply with the Payment Card Industry Data Security Standard.
September 23 -
Paul A. Rianda is an attorney who has provided legal advice to the bankcard industry for more than 15 years. His e-mail is paul@riandalaw.com.
September 23 -
High-end spenders who tightened their belts in 2009 are starting to loosen them up, as such consumers likely are behind an overall increase in credit card spending last month, suggests First Data Corp.’s August SpendTrend payment card transaction analysis of all store sales activity that First Data processes.
September 23 -
Citigroup Inc. has appointed Jud Linville as CEO of its Citi Cards credit card unit, replacing Paul Galant, who was named Citi’s CEO of global enterprise payments. Linville previously was president and CEO of American Express Co.’s U.S. Consumer Services operations.
September 22 -
Merchants using VeriFi Inc.’s charge-back re-presentment service no longer have to use the Los Angeles-based company’s online payment gateway. Instead, merchants now may use any online payment gateway, and they do not have to switch payment processors, Jeff Sawitke, VeriFi chief product officer, tells PaymentsSource.
September 21 -
Telecom Canada International, a telecommunications and energy consultancy with offices in Canada, the United States and Hong Kong, will refer its Canadian and U.S. clients wanting merchant-processing services to Elavon Inc., the Atlanta-based payment processor announced Sept. 21.
September 21 -
Many who work in the ISO and acquiring business today likely have dealt with in some way the effects of a payment card data breach.
September 20 -
Sales agents questioning the revenue-share payouts from their ISOs often ponder the fine line between complaining and complaining too much. The question may be important, however, such as whether the ISO shares revenue when an agent helps bring merchants into compliance with the Payment Card Industry Data Security Standard.
September 20 -
Guest Column
September 20 -
The more than 350 independent sales organizations that work with National Processing Co. should anticipate work as usual once Fifth Third Processing Solutions LLC completes its acquisition of the Louisville, Ky.-based merchant processor.
September 17 -
Payment processor Global Payments Inc. will sell VeriFone Systems Inc.’s PayWare Mobile service in Canada, VeriFone announced Wednesday.
September 15 -
Calpian Inc., a Dallas-based lender to independent sales organizations, is turning to the investor community to raise money so it can complete more deals.
September 15 -
Sales agents questioning the revenue-share payouts from their ISOs often ponder the fine line between complaining and complaining too much. The question may be important, however, such as whether the ISO shares revenue when an agent helps bring merchants into compliance with the Payment Card Industry Data Security Standard.
September 15