In building out a network of point-of-sale readers to accept their contactless cards and tokens, banks and their card associations could be creating an infrastructure that will also support payments based on new mobile-payment technologies like Motorola Corp.'s M-Wallet software that could bypass the lucrative credit card interchange system, one …

The increase in thefts of personal and financial information from databases, highlighted by the recent security breach at payment processor CardSystems Solutions Inc., is causing other processing entities to enhance security efforts beyond just fortifying computers and telecommunications links. For instance, Vital Processing Services LLC, a big merchant processor based …

With online merchants facing a June 30 deadline to prove they comply with a unified card-industry standard for data security, CyberSource Corp. said today it is rolling out a new service that will help Web-based retailers meet the security requirements. The Mountain View, Calif.-based transaction gateway for Internet merchants says …

It has been an eventful week for American Express Co. Today the company announced that Woonsocket, R.I.-based drugstore chain CVS Corp. has agreed to serve as the first national merchant to accept ExpressPay, an AmEx system that relies on radio waves rather than card swipes to authorize transactions. This news …

America West Airlines, a unit of America West Holdings Corp., has become the first airline to adopt I4 Commerce Inc.'s Bill Me Later Internet payment system. To encourage usage of the new payment option, the Phoenix-based air carrier is offering deferred billing for 90 days or more to qualified customers, …

A transaction processor that targets high-volume online merchants is winning adherents among merchants and consumers alike for its product, which allows consumers to buy on credit without entering sensitive account data. I4Commerce Inc.'s “Bill Me Later” service, which became commercially available two years ago as an alternative to credit cards …

The largest processor in the U.S. cross-carrier short-message service (SMS) market is getting set to enter the market for premium content services, also known as MMS (multimedia services), just as wireless carriers are beginning to introduce new billing capabilities to handle the high-margin product. Chantilly, Va.-based InphoMatch Inc. has formed …

American Express Co.'s experiment with contactless payment based on keyfobs in and around Phoenix, in progress since July, is expanding into more locations and apparently meeting with merchant and consumer approval. The ExpressPay program, which puts small keychain fobs in the hands of consumers instead of plastic cards, relies on …

Steven Velasquez, Senior Vice President and Head of Partner Business Development – U.S. Bank | Elavon With retail sales predictions clocking in at $1.59 trillion for this year’s holiday season[i], it’s a good time to reflect on how you can support and help your merchants meet this demand while maximizing …

PayPal Holdings Inc. is hoping to enable the power of community with a new funding service that enables multiple individuals to contribute to one account. Dubbed a “pool” by PayPal, the service means contributors can chip in to pay for group gifts, travel, special events, and other shared expenses. Announced …