Sales in VeriFone Systems Inc.’s North America region jumped 54% in the quarter ended April 30 to $193 million from $125.3 million a year earlier, the payment-processing equipment maker reported Thursday. The big driver was the conversion of U.S. merchants’ point-of-sale terminals ahead of an October deadline for the devices …

  Many small merchants have no clue about EMV, and among those that do, many are unpersuaded. Here are some ideas to overcome those—and many other—hurdles before and after the liability shift. Inertia can work with you or against you. When it comes to persuading smaller merchants to adopt EMV-compatible …

It’s more critical than ever that online merchants leverage payments to satisfy shoppers’ expectations. From the checkout experience to social media, here’s a quintet of ways to make that happen. Holiday sales hit a record high this past season, when Americans spent $53.3 billion online, according to a recent study …

Four computers containing Social Security and bank-account numbers for an estimated 2,200 individuals have been stolen from a California office of merchant processor Heartland Payment Systems Inc.’s payroll-processing division, Heartland reported Monday. Also on Monday the PCI Security Standards Council updated its rules governing payment card software. And in other …

With Google Inc.’s announcement of Android Pay Thursday, the first major direct rival to Apple Inc.’s Apple Pay came into focus. While other Apple Pay competitors are already in the market or soon will be—handset giant Samsung Electronics Co. Ltd. and the retailer-controlled Merchant Customer Exchange LLC are expected to …

The U.S. Postal Service could generate as much as $1.1 billion in additional annual revenue after five years if it expanded its existing payment services. That’s according to a report from the USPS Office of Inspector General. But a hotly competitive market could dampen those prospects, experts say. Struggling with …

Merchants, whether they sell online or in stores, consistently have one bugaboo about their payment-processing service: They want it to be cheaper. Online retailers, in particular, which pay higher card-not-present interchange rates, can use some simple practices to make a dent in these costs, as outlined this week in a …

  Lost and stolen credit and debit cards equipped with EMV chips may become the bane of e-commerce merchants. As the U.S. payment-card industry begins its gargantuan migration to smart cards, counterfeit fraud at the point of sale should decrease. But fraud in other places very likely will increase. That’s …

Consumers expect restaurants to be the top merchant type to adopt mobile payments, especially as they envision it simplifying the payment process. That’s the finding of a survey from independent sales organization Harbortouch Payments LLC, which also products point-of-sale products for restaurants and other merchants. In the survey of 1,000 …

Prepaid card issuer and services provider Green Dot Corp. lost considerable reload volume and revenues in the first quarter because of the discontinuance of its popular MoneyPak product, but the company late Thursday said its core businesses demonstrated good organic growth and recent acquisitions gave a big boost to the …