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Search Results for: retail

Eye on Earnings: Heartland vs. VeriFone; MasterCard Is Cautious

Heartland Payment Systems Inc. is accusing VeriFone Holdings Inc. of “tampering” with Heartland customers after the San Jose, Calif.-based terminal company said it will terminate its support relationships with Heartland customers, effective Dec. 31. VeriFone says it will offer complete alternative support at no cost to affected merchants. Heartland merchants …

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Ingenico Pitches a PDA for Computing And Card Acceptance

While a raft of players over the past several months have introduced software that equips smart phones to accept cards, Ingenico has introduced a wireless point-of-sale device that combines in one unit the ability to take card payments, print receipts, and act as a personal digital assistant (PDA). The French …

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MasterCard Targets Small And Mid-Size Businesses for Utility Payments

Utility companies looking to convert from paper-based billing to electronic payments are continuing to become payment card acceptors, according to the MasterCard Inc. executive who oversees the network's programs for that merchant sector. “We're very pleased with the movement towards card acceptance across utilities of all sizes,” Steve Carnevale, vice …

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An Inside Look at the Secret Service’s Battle to Hobble the Hackers

The August indictments of three individuals allegedly responsible for the theft of 130 million credit and debit card numbers in the Heartland Payment Systems Inc. data breach made headlines across the world. Yet little attention is paid to the laborious investigative work needed to track down the criminals behind these …

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Tempo Boosts Decoupled Debit With New Technology, New Issuer

Making good on a promise last spring that new developments were in the works, specialty debit processor Tempo Payments Inc. on Monday unveiled a new software-as-a-service platform and three MasterCard-branded decoupled debit card programs. Issued by First Bank & Trust, the cards are the first Tempo-affiliated cards issued by a …

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Amazon’s Mobile-Payments Boss Expects Fast Traction for Service

It won't be long before more merchants sign on to Amazon.com Inc.'s new Amazon Mobile Payments Service (MPS), according to the man who heads up the mobile-payments venture for the world's largest online retailer. “Reaction's been very positive,” Howard Gefen, director of Amazon Mobile Payments, tells Digital Transactions News. “We …

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House Interchange Bill Brings Out the Venom on Both Sides

Rested after their recent skirmish over 7-Eleven Inc.'s anti-interchange petitions, the interchange partisans went at it again Thursday in Congress. The battleground this time was a House Financial Services Committee hearing on the bill from U.S. Rep. Peter Welch, D-Vt., that would require more interchange disclosures and demolish most of …

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PayPal’s Push into E-Commerce Spurs New Funding Options

PayPal Inc. this week introduced new funding options that allow users to load money into their PayPal accounts with PIN debit cards or with cash, then use the funds to buy products online. PayPal's deal with First Data Corp., owner of the Star electronic funds transfer network, was announced Thursday …

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Amazon Takes Payments Mobile, But Will Merchants Follow?

Amazon.com Inc. added more territory to its steadily expanding payments empire on Monday when it unveiled a mobile version of its payments service for third-party software developers, merchants, and distributors of mobile applications. Dubbed Amazon Mobile Payments Service, the system includes Amazon's so-called “1 Click” checkout service, which enables users …

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A Special Delivery on the Hill Makes Interchange a Grassroots Issue

A delegation from 7-Eleven Inc., including the convenience-store giant's chief executive and a handful of franchisees, cast the card-interchange issue as a matter of grassroots politics on Wednesday by personally delivering to lawmakers in the nation's capital petitions with nearly 1.7 million signatures calling for interchange regulation. The petitions, which …

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