Acquiring

Point-of-sale terminal maker Ingenico Group and chip-maker Intel Corp. will work on producing a tablet that supports EMV chip card and near-field communication (NFC) transactions, Ingenico announced Thursday. The tablet is in response to the U.S. payment card migration to the EMV chip card standard, and the growing adoption of …

By Jim Daly Merchant processor Heartland Payment Systems Inc.’s outspoken chief executive Bob Carr weighed in Friday with a statement on Indiana’s controversial Religious Freedom Restoration Act. Carr says the law could relegate some people to “second-class status” and is an “invitation to discriminate.” “It is deeply troubling that the …

As Transact 15, the Electronic Transactions Association’s annual conference held this year in San Francisco gets under way, acquiring industry vendors and companies are releasing a bevy of news. Among the vendors making announcements is Clearent LLC, a payment-services company based in Clayton, Mo. Clearent says it will resell CardFlight …

By John Stewart EMV chip cards and mobile payments may be two abiding passions of the payments industry these days, but major merchants are far from sold on either technology, judging by comments from a number of them Tuesday at a payments-technology conference. Most big retailers are gearing up for …

By Jim Daly A California independent sales organization called CardFlex Inc. and its two principals have settled federal charges that they allegedly processed more than $26 million in unauthorized charges for a company known as I Works. CardFlex strongly denied the FTC's charges and said it settled in order to …

Mobile point-of-sale service developer CardFlight Inc. will make an EMV chip card-compatible mobile POS reader available in the second quarter, in anticipation of the Oct. 1 liability shift. That’s the date card fraud at the point of sale is scheduled to shift to the party least prepared for it. The …

A near-doubling of attempted wire-transfer fraud and strong corporate support for the chip-and-PIN variety of EMV card payments are among the highlights of the latest payments-fraud study from the Association for Financial Professionals. The recently released study by the Bethesda, Md.-based AFP, an association of corporate treasury managers and finance …

ShopKeep.com Inc., a provider of tablet-based point-of-sale technology, on Wednesday announced the formation of a new payments division built around its long-time independent sales organization partner, Payment Revolution LLC, which ShopKeep has acquired for an undisclosed price. Payment Revolution co-founder and chief executive Etie Hertz is now senior vice president …

By Jim Daly Legal U.S. marijuana sales grew 74% to $2.7 billion in 2014 from $1.5 billion the year before, but you wouldn’t know it by the payment card and other electronic payments generated by the budding industry, according to a new research report. Even though about 20 states have …

Payments observers have known for some time that not all companies introducing mobile wallets have met with success, but now Square Inc. has had to shutter a product that succeeded a failed wallet. The San Francisco-based company on Friday began notifying users of its Square Order app that the product …