If you are an issuer of Visa or MasterCard, your deadline for participating in the Apple Pay service set to debut later this month has already passed. It was Tuesday, and issuers didn’t have much time to think about it (let alone perform a technical due diligence or negotiate terms). …

  Clover Network Inc., maker of the Clover tablet-based point-of-sale system, will be ready to accept Apple Pay contactless payment and in-app transactions when the scheme is released some time this month. That’s the word from Leonard Speiser, Clover co-founder and president. The Clover POS system will be able to …

The arrival of technology companies and other new players in the payments business has left merchant processors scratching their heads over how to work with these emerging brands. Companies like Apple Inc., which has the potential to change both consumer and merchant behavior, have sent independent sales organizations scrambling to …

Well, it finally happened. Apple Inc. has included a near-field communication chip in new iPhone 6 and charged full-bore into the troubled world of mobile wallets (see our cover story to read all about it). To understand the significance of this event, you have to reflect on the history of …

Acquirers don’t have to be locked in the classic race to the bottom. From referral networks to better training to integrated technology, here’s a raft of ideas aimed at taking the pressure off profits. It’s a universal lament of many merchant-acquirer and independent sales organization executives: Selling credit and debit …

Though the Apple Pay service has drawbacks, Apple’s legendary marketing chops will probably, at long last, let wallets cash in. What hath Apple wrought? At a hugely hyped event Sept. 9 near its headquarters in Cupertino, Calif., Apple Inc. unveiled the next iteration of its iconic iPhone—the iPhone 6 and …

By Jim Daly Average out-of-network ATM fees set a record in 2014 for the eighth straight year by rising 5.3% to $4.35 per transaction, well above a 1.5% increase in 2013 but close to their 17-year average, according to Bankrate Inc.’s annual study of checking-account fees. Overdraft fees set a …

Apple Inc. is selling a ton of its new iPhone 6 smart phones, but before launching the device earlier this month it had already attracted a much less desirable crowd of devotees: phishers. Among all brands targeted by these cybercriminals, Apple is now tops, and the company’s expected introduction next …

By Nate Stewart. Zing Apple Inc. has finally entered the mobile-payments game, and yes, it’s a big deal. The reaction, though, has been veering toward the negative aspects of Apple’s move and how it could hurt different industry players. The reality is quite the opposite. Apple has just become the …

Frustration with typing in a 16-digit payment card number on a smart-phone screen leads to a lot of lost sales for e-commerce merchants. It’s a problem that two payments companies, offering different products, say they can help with. Making its U.S. debut first is PayItSimple USA Inc., an installment-payment service. …