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Seven months after VeriFone Systems Inc. launched Sail, its mobile-payments platform for micro-merchants, the San Jose-based point-of-sale terminal maker and payments software provider is stepping back from its role as an acquirer for Sail merchants and will instead revert to its traditional role of solutions provider. The announcement from chief …
Read More »Isis Uses ISOs, Subsidized Terminals To Build Merchant Base for Its NFC Wallet
As it rolls out its service in Austin, Texas, and Salt Lake City, the Isis mobile-payments venture is teaming up with independent sales organizations and merchant processors to sign up merchants to accept its mobile wallet. One of those ISOs, Phoenix-based MobiSquad, currently has about 350 merchants in the launch …
Read More »An Expansion-Minded EVO Buys PowerPay And Looks to Europe With its Deutsche Bank Deal
It’s been a tad busy at EVO Payments International over the past week. On Thursday, the big independent sales organization disclosed it had bought another ISO, Portland, Maine-based PowerPay. On Nov. 29, EVO announced a deal with Deutsche Bank AG, Germany’s biggest bank by assets, under which it will buy …
Read More »To Reap Mobile Harvest, Online Sellers Must Optimize for Mobile, Braintree Exec Says
If the start of the holiday-shopping season this year has demonstrated anything, it is the new prominence of mobile in the mix of payments. But for all the talk among online merchants about mobile payments, not all will benefit equally from the trend, according to Bill Ready, chief executive of …
Read More »Apriva Extends Agreement With Visa To Offer Discounted Vending-Machine Pricing
Fewer than two months after a competitor announced a similar deal, wireless payments provider Apriva Inc. this week reported that it would continue offering pre-Durbin Amendment discounted acceptance pricing on Visa cards to vending-machine operators. Debit card interchange in late 2011 became a major concern for vending-machine operators and other …
Read More »Commentary: Not Responding to Square’s Wakeup Call Could Be Hazardous to Acquirers
By Todd Ablowitz If you’ve attended any acquirers’ conferences, tuned into industry news, or followed payments trends this past year, you’ve surely noticed a common topic: “Should we beware of Square?” Square has created quite a stir by growing in just three years from a Silicon Valley startup to a …
Read More »Pressing Acquisition Strategy, TSYS Uses ProPay Deal to Get into Mobile Acceptance
Total System Services Inc.’s announcement late last week that it has agreed to buy ProPay Inc. is the latest chapter in TSYS’s strategy of bulking up its position in the merchant-acquiring business through acquisitions. The deal will also hand the Columbus, Ga.-based processor a key stake in the rapidly growing …
Read More »Loaded with Debt, ISO Pipeline Data Files for Bankruptcy Protection
Citing a weak economic climate and business setbacks, independent sales organization Pipeline Data Inc. and its affiliates on Monday filed for Chapter 11 protection in U.S. Bankruptcy Court in Wilmington, Del. Pipeline hopes to sell itself as a going concern with the help of an investment bank. Alpharetta, Ga.-based Pipeline …
Read More »CreditCall Pushes ‘EMV-in-the-Cloud’ to Ease U.S. Adoption As Readiness Deadlines Near
With deadlines fast approaching for U.S. merchants, acquirers, and other payments players to adopt the Europay-MasterCard-Visa (EMV) chip card standard, vendors are stepping forward with ideas to simplify readiness. One of the latest of these is a concept that asks why chip transactions can’t be managed by remote servers—why, in …
Read More »Boston Rail Commuters Get the Nation’s First Smart-Phone Fare App
While some transit agencies are in the process of implementing or mulling fare systems that will accept general-purpose contactless chip cards, the Massachusetts Bay Transportation Authority and vendor Masabi US Ltd. on Monday rolled out a smart-phone ticketing app for Boston commuter-rail passengers that requires no big capital investment in …
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