With a critical deadline coming up in less than a year, it has become a common observation about the U.S. conversion to the Europay-MasterCard-Visa (EMV) chip card standard that transaction fraud prevented by EMV will simply move into e-commerce channels. Now, a new report from Javelin Strategy & Research argues …

n Card network Visa Inc. plans to eke out even better merchant compliance with the Payment Card Industry Data Security Standard with a new enforcement plan targeting the largest merchants. The program is scheduled for a Jan. 1 start. That’s according to a copy of an Oct. 21 Visa Bulletin …

Payment processor JetPay Corp. on Monday reported that it had acquired ACI Merchant Systems LLC, an independent sales organization that works through financial institutions to provide credit and debit card processing to their small and mid-sized business customers. Meanwhile, the big merchant acquirer Heartland Payment Systems Inc. recently bought Xpient …

The Durbin Amendment may be best known for its stringent ceiling on debit card interchange, but merchants are discovering that another part of the law that requires transaction-routing choices can be just as effective as rate caps in controlling processing costs. Giant Eagle Inc., a Pittsburgh-based supermarket chain operating nearly …

By Jim Daly MasterCard Inc. announced Thursday that it has a deal to buy gateway businesses from TNS Inc. that will expand the global footprint of its DataCash e-commerce subsidiary. Terms of the deal, which is expected to close by year’s end, were not disclosed. The sale includes two units …

Just because merchants have until next October to install terminals capable of processing chip cards and avoid shouldering liability for counterfeit card transactions doesn’t mean most of them will have done so by that date. Many experts, and a number of merchants themselves, have made that point. But major terminal …

By John Stewart Merchant Customer Exchange LLC (MCX) has launched its CurrentC mobile-payment service with “thousands” of consumers in “several American cities,” the program’s chief executive said on Wednesday. The “consumers,” employees of retailers that make up the Needham, Mass.-based MCX consortium, are part of a pilot for the fledgling …

By Jim Daly Results of a merchant processor’s survey released Wednesday claim that only 4% of small businesses have point-of-sale terminals that can accept near-field communication (NFC) contactless mobile payments, and only a small minority currently plan to upgrade their equipment so they can. Meanwhile, payment processor Vantiv Inc. on …

Conspicuously absent from new point-of-sale terminal maker Poynt Inc.’s Oct. 30 unveiling was how the new company’s L-shaped, portable devices would be distributed. The answer to that question came Monday when Poynt chief executive Osama Bedier revealed that two of the nation’s largest merchant acquirers, Chase Paymentech and Vantiv Inc., …

First Data Corp.’s Clover point-of-sale system now is available in a mobile version that enables merchants to roam their store aisles with the device. Dubbed Clover Mobile, the service can be paired with the stationary Clover Station or used as a standalone service, First Data says. Like Clover Station, Clover …