By Jim Daly As a complex new technology-based service, Apple Inc.’s Apple Pay was certain to hit some speed bumps after it debuted Oct. 20. Sure enough, reports of glitches surfaced, such as about 1,000 double charges on Apple Pay transactions funded by Bank of America Corp. debit cards. But …

  Two payment-services companies have separately introduced services designed to make it easier for merchants and consumers to engage in e-commerce and mobile commerce. Payments-and-authentication-services provider Jumio Inc.’s newest service aims to make it easier for consumers to shop using smart phones and tablets. Palo Alto, Calif.-based Jumio says its …

With Apple Inc.’s Apple Pay mobile-payments platform launching Monday, many in the payments business are focused on the contactless technology’s potential to change in-store payments behavior. But Apple Pay works within apps, as well, opening up an even wider variety of markets for Apple, including sit-down restaurants. Harbortouch, an Allentown, …

By Jim Daly Among the many companies President Obama mentioned Friday as he announced that the federal government would be supporting Europay-MasterCard-Visa (EMV) chip-and-PIN card payments in a big way beginning next year was American Express Co. The president disclosed that AmEx was about to launch a $10 million program …

  The big news about my test today of Apple Pay, the contactless payment scheme for use with Apple Inc. smart phones and tablets, is that there was no big news. It worked. Each transaction on the first day of availability went through quickly, with a notification popping up on …

  The date is set. Apple Inc.’s Apple Pay mobile-payment scheme, now with more than 500 banks supporting it, launches Monday, the Cupertino, Calif.-based company announced Thursday. Apple Pay is a payment scheme that has two components. One, available only in the iPhone 6 and 6 Plus, uses a near-field …

Merchant acquirer TransFirst Inc. has a new owner. Private-equity firm Vista Equity Partners, San Francisco, is buying Hauppauge, N.Y.-based TransFirst for an undisclosed amount, TransFirst announced Monday. This summer, TransFirst, which has more than 200,000 merchants, had planned a partial initial public offering with its current owner, Welsh, Carson, Anderson …

A humble Frank Bisignano told top non-bank acquirer executives Thursday that his company, processing giant First Data Corp., wasn’t “always good” at listening to its clients and asked the audience to hold him “personally accountable” for the company’s performance in the coming year. Bisignano, a former JPMorgan Chase & Co. …

Never one to mince words, Bob Carr, chief executive of the big merchant acquirer Heartland Payment Systems Inc., predicts that demand for Apple Inc.’s new Apple Pay mobile-payment service will force the retailer-controlled Merchant Customer Exchange (MCX) to abandon a policy of requiring its members to accept only MCX’s CurrentC …

  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 …