Acquiring

Startup Revel Systems Inc. this week unveiled a device it is touting as a way for retailers using an Apple iPad for point-of-sale functions to run peripheral devices without an Ethernet router. The device, called the Revel Router, accesses the Internet via the iPad’s cellular connection. San Francisco-based Revel, which …

With EMV chip card payments coming and mobile wallets using near-field communication already here, merchant acquirers are beginning to roll out their own hardware and software to handle the new technologies. This week, the big merchant acquirer Chase Paymentech introduced its “Future Proof” point-of-sale terminal and earlier this month, Merchant …

A network fee introduced this year by Visa Inc. hands so-called merchant aggregators like PayPal Inc. an unfair cost advantage relative to traditional acquirers and independent sales organizations, a top executive with one leading ISO contends. The fee, known as the fixed acquirers network fee (FANF), is a complicated affair …

A little software company gone bust won big against leading point-of-sale terminal maker VeriFone Systems Inc. in a patent-infringement verdict June 8. A federal jury in Texas found after a five-day trial that VeriFone infringed on two patents held by CardSoft Inc. and awarded damages and royalties of $15.4 million. …

The hackers who broke into merchant processor Global Payments Inc.’s computer systems added a new chapter to the disreputable history of data breaches by gaining access to information from applicants for merchant accounts, the company disclosed late Tuesday. Global’s revelation apparently is the first publicly known incidence of merchant-applicant information …

Intuit Inc.’s announcement on Tuesday that it has integrated its GoPayment mobile-payment processing application with its QuickBooks Point of Sale 2013 software is expected to make GoPayments more appealing to small businesses than rival products from the likes of Square Inc. and PayPal Inc. Earlier this week, Square announced that …

The Penn Station East Coast Subs submarine-sandwich restaurant chain says 59 of its 238 locations are now “potentially affected” by a debit and credit card data breach. Parent company Penn Station Inc. first said when it disclosed the breach June 1 that 43 franchisee-owned stores possibly were affected, but the …

Merchant processor Square Inc. doubled the number of physical stores at which its now-famous payment card reader for mobile devices can be purchased with Monday’s announcement that the reader is available at Walgreen Co., Staples Inc., and FedEx Corp.’s FedEx Office stores. The three new merchants collectively add 10,000 locations: …

Groupon Inc. redoubled its efforts to penetrate the point-of-sale market with its acquisition of New York City-based software startup Breadcrumb, whose product lets restaurants run transactions on iPad tablets. The deal, announced on Tuesday, follows news that the Chicago-based daily-deal giant is testing a mobile-acceptance service in and around San …

Just as payments executives were preparing to plunge into the Memorial Day holiday weekend, reports emerged that Groupon Inc. is testing a mobile-acceptance application in and around San Francisco. The reports, which are based in part on a solicitation received via e-mail by a merchant, indicate that the Chicago-based daily-deal …