Nova Information Systems says it is acquiring Certegy Inc.'s the merchant portfolio. Terms of the deal were not disclosed. The conversion of the Certegy portfolio, which consists of 14,000 merchants generating about $3 billion in annual credit and debit card volume, to Nova's platform is expected to be completed by …

Atlanta is where J.P. Morgan Chase & Co. will begin its rollout of contactless cards, starting June 1, the bank announced today. Chase, which said last week it would begin issuing the chip-equipped cards this summer in a region-by-region rollout (Digital Transactions News, May 19), says almost 1 million of …

Contactless payment technology picked up momentum with yesterday's news that 7-Eleven Inc. is adopting the technology chainwide and that Sheetz Inc. has completed installations at all 309 of its stores. And, contrary to some observers' argument that contactless payment will be held back by the absence of special breaks on …

Technology that allows consumers to pay at the point of sale by waving or tapping a card or other token took a major step forward today with J.P. Morgan Chase & Co.’s announcement that it will issue millions of cards equipped with the technology starting this summer. Following on the …

Valista Ltd. says it has developed the first software product capable of handling payments for digital content offered by multiple merchants on the platforms of wireless operators and Internet portals. The payments software, which the Ireland-based company refers to as a “revenue-assurance” solution, allows operators and ISPs to manage payments …

United Bank Card Inc., which earlier this week announced it is selling a portfolio of 15,500 merchants to Optimal Payments Corp. for $44 million, said today it will use the cash to add new departments and hire more staff to help cope with rapid growth. Jared Isaacman, founder and chief …

Mother's Day-related spending on jewelry and chocolates on the Internet drove a 24% increase in e-commerce volume for VeriSign Inc., to $4.4 billion, the Mountain View, Calif.-based transaction gateway for online merchants said today. Transaction volume for the company during the period measured, April 25 through May 8, jumped by …

With card interchange rates becoming a subject that even central bankers are beginning to ponder, a long-time analyst of the electronic-transaction market has released a report arguing that overall acceptance costs are often more favorable to merchants in the U.S. than overseas and that merchants would be better off developing …

Nashville, Tenn.-based independent sales organization iPayment Inc. today reported its revenues and processed charge volume more than doubled in the first quarter compared to the year-ago period, with much of the growth driven by a December acquisition of a merchant portfolio from First Data Merchant Services. In a conference call …

A Washington, D.C.-based organization formed early this year by retail-industry trade groups says it is beginning to work out a plan of attack that it hopes will lead to regulation of the fees card-accepting merchants pay issuing banks. After years of friction between banks and merchants over the subject, this …