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Read More »Intuit Plants GoPayment’s Flag in Canada and Upgrades Its Card Reader
Intuit Inc. plans to export its GoPayment service to Canada in the next few months, beating out rival Square Inc. as both companies prepare for international expansion of their smart-phone-based payment services aimed at the smallest of merchants. Intuit also is rolling out a new card reader for mobile devices, …
Read More »Global Payments Set To Buy CyberSource’s U.S. Merchant File From Visa
Confirming its earlier signals that it does not want to be a direct U.S. merchant acquirer, at least not yet, Visa Inc. plans to sell its portfolio of just over 9,000 U.S. e-commerce merchants to merchant processor Global Payments Inc. within the next two months. Atlanta-based Global divulged the …
Read More »Acquirers, Small Merchants See More Risk-Reduction Value in PCI, Survey Shows
The 7-year-old Payment Card Industry data-security standard (PCI) is proving its effectiveness in preventing data breaches among small merchants, according to a survey of payments-industry acquirers set to be released next week. The survey, cosponsored by ControlScan Inc., an Alpharetta, Ga.-based vendor of PCI-compliance solutions, and the Merchant Acquirers’ Committee, …
Read More »New DoJ Interpretation Could Lead to State-by-State Online Betting, Despite UIGEA
A 5-year-old law that bans U.S. banks and processors from handling online-gambling transactions won’t stand in the way of a U.S. Justice Department opinion released last week that appears to put the federal government's imprimatur on intrastate online betting. The DoJ on Dec. 23 released a 13-page memorandum giving states …
Read More »Free-Equipment Pioneer United Bank Card Hints at Enhancements to Come
Despite criticism that free point-of-sale terminals for card-accepting merchants undercut independent sales organizations’ profitability, the company that started the trend back in 2004 remains staunchly committed to the strategy. The investment in hardware is more than returned in reduced attrition, says Jared Isaacman, chief executive of United Bank Card Inc. …
Read More »Intuit Launches a Feature That Lets QuickBooks Online Users Accept Visa, MasterCard
Bowing to feedback from small-business users, Intuit Inc. this week added the capability of accepting credit and signature debit cards to its QuickBooks Online product. The new capability allows users to accept Visa and MasterCard cards in addition to the existing ability to accept bank-account transfers through the automated clearing …
Read More »Study Shows Merchants Still Store Massive Amounts of Unprotected Card Data
n Of 2,736 scans worldwide since Jan. 1 using SecurityMetrics Inc.’s PANscan tool, 71% revealed merchant computer systems were storing unencrypted payment card data, an 8% increase from a similar survey in 2010, according to the Salt Lake City, Utah-based provider of PCI security solutions. The participating merchants ranged in …
Read More »VeriFone Boss Says He Aims for Services to Account for Half of Revenue Within Four Years
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Read More »Vending Machine Network Gives MasterCard Debit Cards the Boot
In a marked escalation of a conflict that began when MasterCard Inc. and Visa Inc. raised small-ticket debit card interchange rates, USA Technologies Inc. has stopped accepting MasterCard debit cards in its wireless network of 100,000-plus vending machines and other unattended card-accepting locations. The Malvern, Pa.-based operator turned off MasterCard …
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