Independent sales organization Total Merchant Services Inc. hopes a newly altered agent-compensation plan will result in more merchants using EMV-compatible point-of-sale terminals. The U.S. payment card industry is migrating to EMV chip cards, requiring that merchants use compatible terminals. As a way to motivate its sales agents and get more …

The newest market for payments may one day lie inside a more than 100-year-old machine: the car. Just as payments is evolving to incorporate watches and fitness trackers, so too are futurists looking at how payments might make the move to cars. Jacksonville, Fla.-based Fidelity National Information Services Inc. (FIS) …

After long belittling near-field communication technology by joking that its acronym, NFC, stands for “Not for Commerce,” PayPal Inc. before the end of the year will launch a new version of its mobile wallet featuring, yes, NFC. PayPal, which has been working with NFC in Australia, will replace its current …

Improving online conversion rates, especially for mobile commerce, depends on providing many options for faster checkout experiences. That’s the assertion of the newly released “Mobile Commerce Forecast 2015-2018” from Mark Beccue Consulting Inc. Beccue predicts that global mobile-commerce payment volume will grow from $187.5 billion in 2014 to $744 billion …

It’s becoming a familiar refrain in the payments industry: Payments made using mobile devices, such as smart phones and tablets, continue to garner more and more traction. The latest Mobile Payments Index from international payments company Adyen finds that such payments accounted for 27.2% of total global online payments made …

Visa Inc.’s branding and marketing strengths were what won Costco Wholesale Corp. over from American Express Co. in a set of exclusive acceptance and cobrand agreements announced early in March, according to Visa chief executive Charles W. Scharf, who spoke Thursday afternoon during a conference call to discuss Visa’s results …

Brian V. Mooney, who on Tuesday took over as interim chief executive of the retailer-controlled Merchant Customer Exchange LLC payments consortium, brings strengths to the organization that could prove valuable when MCX at last launches its long-awaited CurrentC mobile-payments system, sources tell Digital Transactions News. And, by some accounts, he …

MasterCard Inc. announced Monday it is spending $600 million to buy Applied Predictive Technologies Inc., an Arlington, Va.-based company that provides analytics services to retailers, financial institutions, and other companies. The deal, expected to close in the second quarter, provides MasterCard with yet another service for merchants. “Merchants, like financial …

Apple Inc.’s Apple Pay mobile-payments service will be accepted by electronics giant Best Buy Co. Inc., first for in-app purchases and then, later this year, in all of its 1,050 U.S. stores, Apple chief executive Tim Cook said Monday. Cook also announced that some 50 hospitals have agreed to accept …

A mobile wallet that uses the automated clearing house network to provide merchants with low acceptance costs is in tests with Team One Credit Union in Saginaw, Mich. MShift Inc., of Newark, Calif., is the developer of the mobile wallet it calls AnyWhereMobile. The app is integrated into Team One’s …