The concept of using so-called smart phones as mobile credit card terminals started getting headlines less than a year ago, and the experience of one independent sales organization that has developed software applications for the mobile devices shows just how rapidly handsets like iPhones and BlackBerrys are taking root in …

Merchants that are good prospects for accepting remote deposit capture services have different needs from many credit and debit card-accepting merchants, but independent sales organizations that do their remote capture homework will be rewarded. That was the word on Wednesday from several vendors speaking at the MidWest Acquirers Association 7th …

While experts debate when mobile commerce will hit its stride, Apple Inc. announced on Tuesday that its App Store, which it set up just one year ago, has downloaded more than 1.5 billion applications for the company's hugely popular iPhone handset. The App Store had just hit the 1 billion …

As the momentum behind mobile payments gathers strength, some technology experts are starting to consider so-called smart phones?which make mobile payments easy?to be devices in need of encryption. That's one finding in an annual study out Monday about encryption, a hot topic in the payment card industry nowadays because of …

Is MasterCard Inc. putting the kibosh on a new technology called remote key injection that makes it easier to enhance the security of point-of-sale payment terminals? That's the impression some payments executives got after reading an online Computerworld article Wednesday that said MasterCard was insisting on manual injection of security …

Verient Inc. is the startup behind SafeDebit, NYCE Payments Network LLC's effort to allow consumers to use their NYCE cards on the Internet (Digital Transactions News, July 2), but the company's ambitions go well beyond enabling debit-based e-commerce. By the end of the year, it expects to have between 3,000 …

A sweeping new report from a Canadian Senate committee recommends the federal government create a payment-system oversight board, ban percentage-based debit card interchange for three years, and permit merchants to surcharge for card transactions. Those are just some of the proposals in the report as Canada confronts many of the …

NYCE Payments Network LLC expects to start testing Internet-based debit transactions by the end of the year and to start a commercial service some time next year, says Steven A. Rathgaber, president and chief operating officer of the Secaucus, N.J.-based electronic funds transfer network. The service will rely on single-use …

MasterCard Inc. plans to pay off its remaining $400 million settlement obligation to retailers over debit card acceptance early for a discounted $335 million, according to a filing the card network made on Thursday with the Securities and Exchange Commission. Attorneys for the retailer plaintiffs have signed on to the …

A move by United Air Lines Inc. to shift to certain travel agents the costs and other responsibilities for ticket sales on credit cards has the industry in an uproar and has prompted a leading trade association to file a letter with the U.S. Department of Justice asking the agency …