News

March, 2012

• 7 March

  Merchant Processor Heartland Deepens Its Roots in Crowded Mobile-Apps Business

  n The earliest players in the increasingly crowded market for mobile-acceptance applications were software and hardware providers like Intuit Inc., Square Inc., and VeriFone Systems Inc. Lately, though, merchant processors like North American Bancard and Heartland Payment Systems have been getting into the game. n Heartland, which released an Android …
• 6 March

  With North America Gearing up, Global Chip Card Shipments Crack 1-Billion Mark

  Surpassing the 1-billion mark for the first time represents “a real milestone for the industry,” Brian Russell, an SPA representative, said on Monday at the Cartes North America conference in Las Vegas. Russell is a senior vice president at Giesecke & Devrient, one of the SPA’s members. The other five …
• 6 March

  Handset Users Indicate Tepid Interest in Mobile Payments As Programs Launch

  Experts may well have proclaimed 2012 to be the Year of Mobile Payments, what with digital wallets and other product introductions proliferating seemingly by the day, but at least some researchers are starting to ask a key question: Do consumers really want mobile payments? According to preliminary data, the answer …
• 5 March

  Eye on Mobile: Square Enhances Square Register; Isis Enlists Terminal Makers

  n Square Inc. kept up the pressure on the traditional merchant-acquiring industry on Monday by introducing a souped-up version of its iPad app for brick-and-mortar merchants called Square Register with enhanced business-management functions. Meanwhile, the Isis mobile-payments venture announced it has struck deals with the major U.S. point-of-sale terminal makers …
• 5 March

  VeriFone Isn’t Losing Sleep Over Competition From Upstart Square

  n n Competition from Square? No problem, according to VeriFone Systems Inc. chief executive Douglas G. Bergeron. n “We’ve had competitors for 30 years,” Bergeron said in response to an analyst’s inquiry about how he sees the competitive risk to VeriFone, the leading U.S.-based point-of-sale terminal maker, from Square Inc., …
• 2 March

  Merchant Group Lays Plans for Retailer-Controlled Mobile Payments, With or Without NFC

  Dissatisfied with the current crop of mobile-payments systems from tech companies, cell-phone providers, card networks and banks, a group of U.S. retailers is embarking on its own plan to bring smart-phone payments to their customers. The merchants stress that their venture will not necessarily be based on near-field communication (NFC), …
• 1 March

  Pulse Pulsates with New Issuers As MoneyPass Adds POS Utility to Its ATM Network

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February, 2012

• 29 February

  Fiserv Combines Its P2P Payments Services Under the Popmoney Brand

  Building on its $465 million acquisition in September of person-to-person payments service CashEdge Inc., bank processor Fiserv Inc. on Wednesday announced it will combine CashEdge’s Popmoney with Fiserv’s  ZashPay P2P payment networks under the Popmoney name. The combined network, which also will be integrated into Fiserv’s CheckFree RXP payment suite, …
• 29 February

  VeriFone Places a Bet on Lottery-Ticket Sales at Gas Pumps And in Cabs

  Payment card transaction-processing technology developer VeriFone Systems Inc. is betting that consumers might want to play the lottery while they’re semi-idle gassing up their cars or moving around town in a taxicab. The leading point-of-sale terminal maker said on Wednesday that it would test sales of state lottery tickets by …
• 28 February

  Home Depot Starts National Rollout of PayPal POS Payments to Almost 2,000 Stores

  The Home Depot Inc. on Tuesday started rolling out a point-of-sale payment system that will let customers pay with their PayPal accounts at all of the home-improvement retailer’s almost 2,000 U.S. stores. The rollout comes just seven weeks after the two companies unveiled a five-store pilot in the San Francisco …