Bitnet secures $14.5 million in funding

Announcement comes as company launches its platform and builds teams for sales, marketing and customer support.

FEATURES


First Data sets its sights on mPOS market

Payment processor's acquisitions of Clover, Perka seen as strategy to protect and grow market share.

Cardis to launch low-value payments platform in US

After European trials, Dutch start-up sees chance to help U.S. retailers save on payment processing fees.

Royal Canadian Mint conducts crypto-currency trial

Participants encouraged to use government-backed virtual currency for low-value and P2P payments.

Congress digs into data breaches

With three hearings on Target/Neiman Marcus/Michael's debacles, look for the blame game to take center stage.

Will MCX eclipse branded payment networks?

A major issue clogging the road of payment evolution toward MCX is where account holders' value is stored. Another issue is the MasterCard/Visa duopoly that excludes competition. (From the ATM & Mobile Executive Summit.)

Mobile payments can fight fraud where EMV can't

EMV deployment is a flawed approach and a fatal distraction to both issuers and consumers.

Mobile payments helping ease interchange

The growth of alternative payments gives merchants new options, which should lower fees over time.

As mobile grows, all banking channels must talk

Customers demand a seamless cross-channel experience, so why is that so hard to deliver?

5 potential game-changers for mobile payments in 2014

The rapidly shifting mobile payments landscape means we should expect some big things this year.

What does 2014 hold for mobile payments?

Is NFC dead? Is EMV alive? Will BLE rule? And will you be assimilated? Our experts weigh in.

See More »

NEWS


MyECheck partners with coffee vendor for real-time check payments

Under the agreement, MyECheck will process payments made by customers to Dad's Roast Custom Coffee.

Prepaid cards rule in September spending; checks see rare increase

Total dollar volume was up year-over-year, but month-to-month growth slowed slightly as consumers took a breather between back-to-school and Halloween spending.

TSYS works with merchants on Apple Pay

Company announced a partnership with iMobile to process transactions from Apple's new mobile-payments system.

Braintree adds bitcoin acceptance

PayPal-owned company partners with digital wallet provider Coinbase.

Heartland intros Amex program for small merchants

Processor gives businesses the ability to expand their payment card acceptance options.

Smartphone camera is focal point for mobile banking growth, Malauzai says

The smartphone camera is the perfect conduit for mobile banking innovation as accountholders embrace the idea of conducting financial business via pictures, the company says.

GoCoin to process digital currency transactions for Apriva

Strategic technology partnership allows Apriva resellers to offer merchants Bitcoin, Litecoin and Dogecoin acceptance.

PayPoint acquires Adaptis Services and snags Paris parking contract

PayByPhone, part of PayPoint PLC, today announced in a press release two recent developments, including the acquisition of Adaptis Solutions and partnership to launch cashless parking in Paris. PayPoint PLC has acquired Adaptis Services Limited, which provides a wide range...

ICP Group, payworks sign mPOS deal

ICP Group, a European point-of-sale payment service provider, has signed an agreement with payworks to provide mPOS services to its clients. ICP operates more than 120,000 POS terminals in seven European countries, serving merchants such as Aldi Nord, Burger King...

Report: Most companies that accept cards fail PCI standards

A new Verizon report has found that too many businesses, following their annual assessment for meeting the Payment Card Industry Data Security Standard , fail to maintain ongoing compliance — putting the businesses at increased risk for data breaches, and...

Target puts EMV migration on fast forward

This week, Target Corp. called for all stakeholders to take up the "shared responsibility" of payments security as it announced an accelerated timeline for its own $100 million EMV migration plan.

Mobile startup seeks to turn businesses into ATMs

A mobile payments startup aims to launch a new kind of ATM juggernaut in the U.S., one that will dispense funds from the cash-filled tills of hotels — and perhaps eventually restaurants and retail stores as well. The mobile app...

Community bankers say retailers should pay for data breaches

The costs of reissuing cards to customers after recent data breaches at major retailers should be borne by the party at fault for the breach, according to the Independent Community Bankers of America. The group today issued a statement for...

Retailers call for collaborative approach to fighting fraud

The National Retail Federation today urged Congress to take a comprehensive approach as it contemplates a national response to criminal cyberattacks in which millions of consumers' credit and debit card numbers were stolen. NRF said retailers are willing to do...

Heartland lawsuit accuses Mercury of deceptive trade practices (updated)

Jan. 31: This story has been updated to include a statement from Mercury Payment Systems. The payments processing giant Heartland Payment Systems Inc.

See More »