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TSYS Unveils Virtual Accounts for B-to-B Payments
Working to help corporations streamline their processes for business-to-business transactions, Total System Services Inc. has launched a new commercial payment product leveraging virtual account numbers.  more »
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Heartland Payment Systems has leveraged newly purchased merchant marketing company Beanstalk Data to build a restaurant analysis service. more »
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Total System Services Inc. has announced an agreement with Featurespace to apply machine-learning technology to fight fraud. more »
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Mobility's incursion into merchant services is normally treated as a threat to independent sales organizations and legacy acquirers, who will find themselves on the outside as technology-based services take over the store. more »
Bloomberg News
The Merchant Customer Exchange, a retailer-backed mobile wallet venture of over three years in the works, has postponed its plans for a national rollout of its mobile wallet. more »
Appetize is battling for stadium payments business with an iPad point of sale terminal.
Stadiums, concert halls and other entertainment settings have long been venues in which terminal providers like NCR or Oracle would likely have units in place, offering a vast array of functions tailored to those businesses. more »
Bloomberg News
Square, which has been aggressively adding merchant services to enhance its mobile payments product, has added an invoice scheduling feature to add flexibility to merchant payments. more »
Bloomberg News
Sen. Dick Durbin (D.-Ill.)
More than seven months after the EMV liability shift, the majority of U.S. retail locations still haven’t upgraded their payment terminals to accept chip cards, with some small and midsize businesses citing the difficulty of getting their equipment tested and certified by appropriate organizations. more »
"A lot of good transactions can get declined when fraud alerts suddenly rise," said Joe Leija, the new general manager of Ingenico ePayments for North America
To expand the reach of its global e-commerce services, Ingenico ePayments is building up a vast network of connections to merchant acquirers, hoping to gain a competitive edge as the demand grows for omnichannel payments. more »
Bloomberg News
Square Inc. shares fell as much as 20 percent on concerns about financing for its small-business customer-loan program, a service that had been viewed as a growth area for the digital-payments company. more »
Square Inc. reported first-quarter revenue that topped analysts’ estimates, suggesting the digital-payments business can keep growing amid increasing competition from PayPal Holdings Inc. and Apple Inc. more »
Bloomberg News
Department store chain Kohl’s has stitched together two of the most frustrating elements of checking out: adding loyalty points at the same time the payment goes through. more »
Bloomberg News
Global EMV consultant and system tester Fime will provide end-to-end certification services for terminals and acceptance systems using the Discover Network and Diners Club International payment applications. more »
The payments industry is undergoing constant transformation. Usually we focus on the technological changes, but it is important to also recognize the cultural changes that are enabling women to bring their influence to the forefront. Plus, six months after the EMV deadline, why are U.S. merchants still swiping magstripe cards?