• Imaging applications developer Mitek Systems Inc. said its Mobile Deposit service has processed more than 1 billion check deposits; more than 5,000 U.S. financial institutions and 70 million of their customers use Mobile Deposit. • Payments company Zooz closed on $24 million in funding that it will use for growth, …

    Consumers and brick-and-mortar stores across the country have been juggling the challenges of adapting to EMV technology – the microchip cards that will make card present fraud more difficult. Despite a number of setbacks, the potential benefits are worth the bother. When it comes to card-not-present (CNP) transactions, …

Merchants attempting to create more digital experiences in their stores and restaurants because of consumer expectations are finding security of payments to be a significant challenge, finds the “Step Up The In-Person Experience” report issued by Forrester Consulting Inc. Commissioned by tablet point-of-sale maker Revel Systems, the report examines how …

With just five days remaining, organizations developing so-called faster-payments systems are submitting proposals for evaluation by a consulting firm retained by the Federal Reserve Board’s Faster Payments Task Force. On Monday, The Clearing House Payments Co. LLC, which is building a real-time payments system with Fidelity National Information Services Inc., …

First Data Corp. is taking its Clover brand, known until now as a mobile point-of-sale service, to the Web with a launch May 3 of the Clover Online Store. Announced Wednesday at Transact16, the Electronic Transactions Association’s annual conference in Las Vegas, the service enables merchants to set up an …

• SuperCom Ltd., an Israel-based identity-verification company, bought PowaPOS, the tablet-based point-of-sale unit of Powa Technologies Ltd., a commerce company that floundered. Powa’s two other units, PowaWeb and PowaTag, already have been sold. • American Express Co. reported $176.3 billion in U.S. card-billed business during the first quarter, up 4% from a …

Contrary to what many may suspect, price is not the top reason retailers switch from one point-of-sale provider to another, according to a study from Capterra Inc., a business-software review site. In a survey of more than 400 merchants, 34% cited a POS system’s lack of necessary features as the …

• The Federal Reserve picked consulting firm McKinsey & Co. to support its Faster Payments Task Force efforts this year by assessing solution proposals from various payments providers. • Merchant processor Square Inc. announced its “Build With Square,” a set of application programming interfaces (APIs) that integrates point-of-sale and-online payments capabilities with …

Independent software vendors, value-added resellers, and point-of-sale software developers facing the daunting task of certifying their unique products for EMV payment acceptance may face costs starting at $30,000. That figure, which comes from Andrey Tikhonov, senior director of payment technology at Elk Grove Village, Ill.-based Infinite Peripherals Inc., reflects the …

Two mobile point-of-sale system providers are doing their part in the proliferation of such systems with the release of Click a Waiter Inc.’s white-label POS system and Aspex LLC’s deal with Frontier Airlines to provide an onboard POS system. Leominster, Mass.-based Click a Waiter Tuesday released a white-label version of …