Transaction Processing

  VeriFone Systems Inc. reported Tuesday that it bought Curb, a taxi-hailing service that offers consumers an electronic hailing app. The move boosts San Jose, Calif.-based VeriFone’s involvement in taxis, which started almost 10 years ago, and complements Way2ride, a taxi-payment service VeriFone launched in 2013 to provide. The Curb …

Finding more ways to incorporate near-field communication (NFC) technology into everyday objects could eventually mean more payments. At least that’s the future as envisioned by panelists at the NFC Solutions Summit this week in Phoenix. Sponsored by the Smart Card Alliance, the conference examined ways NFC technology, which enables wireless …

  Venue operator Live Nation Entertainment will install more than 4,400 fixed and mobile point-of-sale devices supplied by cloud-based  mobile point-of-sale maker Appetize in 32 venues, Appetize announced Tuesday. Four-year-old Appetize says this is its largest single POS deployment yet. About half of the devices in the Live Nation deal …

Visa Inc. is providing emerging self-checkout provider Digital Retail Apps another venue to showcase its smart phone-based service by enabling it at the Visa Innovation Center, its technology lab in San Francisco. Toronto-based Digital Retail Apps says Visa will integrate the SelfPay technology into the Visa Everywhere Shop app, enabling …

With the Oct. 1 liability-shift milestone passed, payments companies are reviewing progress so far and introducing new products to take advantage of the migration to EMV chip card payments. First up is MasterCard Inc., which says that “tens of millions” of chip-enabled transactions are being made in the United States. …

By John Stewart Payments-processing titan First Data Corp. on Thursday launched its long-awaited effort to go public with an initial offering of stock that would value the company at as much as $17.6 billion and raise as much as $3.2 billion. The IPO could well be the largest seen on …

In the four years since Visa Inc. announced the EMV liability shift would be Oct. 1, 2015, merchants, issuers, processors, and other parties have expended huge efforts to prepare for this day. But the real work—converting millions more merchants, issuing millions more chip cards, and educating merchants and consumers—is in …

Heeding a call among businesses for faster and cheaper payments, payments provider Payment Data Systems Inc. has released the Stream general-purpose reloadable (GPR) prepaid card to make it easier for companies to send funds, like commissions or rewards, to contractors or customers. The card, which bears a MasterCard Inc. brand, …

The Oct. 1 onset of the EMV-inspired liability shift for fraudulent transactions represents a potential financial impact for retailers, and now with that date only days away, many of them have become eager to get their hands on EMV point-of-sale terminals. Merchants could be on the hook for fees related …

By Terry Dooley Deadline: A date or time when something must be finished: the last day, hour, or minute that something will be accepted. The word “deadline” carries with it the implication of pressure—pressure to act or face the consequences. That’s the very word being tossed around when people talk …