Friday , February 26, 2021

Search Results for: POS system

A $9 Million Infusion Has Mobile Payments Startup LevelUp Thinking Big

Armed with $9 million in new funding, mobile-payments startup LevelUp plans to use the capital infusion to expand its sales force and build out new solutions to improve the merchant experience. Boston-based LevelUp is launching a remote sales team that will sign and service merchants outside the company’s 10 primary …

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Heartland Goes To School for New Payment Opportunities

School lunches often draw fire from students, who want tastier fare, and parents and nutritionists, who want healthier meals. But for merchant acquirer Heartland Payment Systems Inc., food service in schools is proving to be a profitable new payments niche. Princeton, N.J.-based Heartland on Monday said it had acquired LunchByte …

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Acquiring: The Allure of Private-Label Terminals

Peter Lucas Acquirers routinely lose merchants lured away by offers of lower-cost processing. Result? More acquirers are marketing their own branded POS terminals as a way to boost retention. Ask a merchant acquirer how much it charges a retailer for a point-of-sale terminal and the frequent response is that it’s …

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Big-Box Retailers Like Wal-Mart Remain Wary of Network EMV Plans

There’s no federal edict to replace fraud-prone magnetic-stripe credit and debit cards with the more secure EMV chip card, but the payment card networks have unveiled various plans in the past year to encourage U.S card issuers, merchant acquirers, and merchants to board the EMV train. Exactly how a U.S. …

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Cover Story: Innovative ISOs

  What merchants increasingly want from an independent sales organization  is an all-in-one application developer, provider of business solutions,  and bundler of mobile and e-commerce data.  Forward-thinking ISOs are the ones that can tick off those boxes. By Peter Lucas Having difficulty figuring out the definition of an independent sales …

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Components: Mobile Payments in Code

  Barcodes for payments by smart phone have a proven track record and a diverse group of supporters, but many in the payments industry regard them as merely a way station on the road NFC-based mobile payments. Here’s where they stand today. By Jim Daly Sure, the techies and lots …

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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., …

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Acquiring: Want to Work with a VAR? Get in Line

Value-added resellers have turned into very effective—but increasingly expensive—sales engines for merchant processors. When does it make sense to work with them—and just how much of a cut do they take? By Peter Lucas Ten years ago, value-added resellers looking to broaden their reach to merchants were aggressively pursuing relationships …

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Acquiring: The Chip Card’s Acceptance Quandary

Having established itself overseas, EMV appears to be coming to the States, with some issuers already pumping out chip cards. Despite high-profile enthusiasts like Wal-Mart and Home Depot, however, few merchants are on board. By Karen Epper Hoffman While the Europay-MasterCard-Visa (EMV) chip card standard has garnered plenty of headlines …

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E-Commerce: NFC Isn’t Just a Brick-and-Mortar Thing

Typically thought of as a mobile technology for physical merchants, NFC could soon be converting card-not-present transactions into card-present payments for e-commerce retailers. That prospect has important implications for processors and developers. By Bill Pittman Every e-commerce retailer would like to reduce its cost of payments, slash its fraud, and …

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