Credit Cards

Merchants accounting for two-thirds of Visa Inc.'s U.S. transaction volume have validated compliance with the Payment Card Industry data-security standard, or PCI, Visa reported on Tuesday. This latest report from Visa comes in the wake of a Dec. 31 deadline for so-called Level 2 merchants?mid-sized merchants that submit 1 million …

Having introduced a new processing platform to ease integration with payment software and hardware products, Global Payments Inc. on Wednesday announced it will work with NitroSell, a supplier of shopping-cart software, to allow NitroSell's merchants to process e-commerce transactions on the new system. Atlanta-based Global Payments last week announced it …

Kiosk-based electronic bill payments got another boost this week when processor Fiserv Inc.'s CheckFreePay walk-in bill-pay unit announced a deal with Ready Credit Corp. that will make bill-pay services available to consumers using cash at Ready Credit's 55 ReadyStation self-service kiosks by early spring. The kiosks, which already allow consumers …

USA Technologies Inc.'s new Quick Start program, which lets bottlers and other vending-machine owners rent rather than buy its e-Port G6 readers that process magnetic-stripe and contactless card transactions, apparently is delivering the desired lift to e-Port shipments. Malvern, Pa.-USA Technologies today reported that it shipped 7,123 e-Port devices in …

A European Commission ruling that MasterCard Worldwide's interchange-fee structure is illegal in that region will affect relatively few transactions in Europe but could encourage regulators?including those in the U.S.?to act on interchange, among other bleak implications for bank and network executives. “On balance, the EC decision is negative,” says Eric …

The bankruptcy petition Solidus Networks Inc., which does business as Pay By Touch, filed this month shows that a number of the biometric technology provider's largest unsecured creditors also have equity interests in the company, and, in the case of three individuals, weren't paid when Pay By Touch bought their …

TJX Cos. Inc. late on Tuesday said it has settled with three banking associations and three individual banks that sued the off-price retailer in the wake of a data breach that potentially compromised nearly 100 million credit and debit card numbers. That leaves just one Alabama community bank still in …

A small engineering company in Montreal has struck a deal with Universal Air Travel Plan Inc., a Washington, D.C.-based switch for some 220 airlines and travel agencies around the world, to enable air carriers to accept PIN debit and credit cards on their Web sites with card-swipe authentication. In addition, …

Taking a cue from Discover Financial Services, travel-and-entertainment card leader American Express Co. on Monday said that it had enlisted processor First Data Corp. to book new small and mid-size merchants. But unlike Discover's recent pacts with First Data and other big merchant processors that involved sales of Discover-owned merchant …

The settlement The TJX Cos. and Visa Inc. announced Friday not only shows the retailer is well on its way to disposing of the myriad problems arising out the intrusion into its computer system that potentially compromised nearly 100 million credit and debit cards, but it also gives a rare …