Efforts to ban cashless stores are afoot in New Jersey and some of the nation’s largest cities, including New York. But does cash really need legal protection from payment cards and mobile wallets? That’s the question public officials as well as payments and retail executives are mulling. Opponents of cashless …

Puerto Rico-based payment processor Evertec Inc. suffered along with the rest of the island when hurricanes Irma and especially Maria swept through in September 2017 and destroyed homes, businesses, and the electrical grid, but now Evertec’s payment volumes are surging as the island recovers. Puerto Rican transaction volumes were up …

NCR Corp. announced it acquired BEC, said to be a leading provider in Colorado of point-of-sale technology for the hospitality industry. BEC, which accounts for 2,600 sites, has been an NCR reseller for 23 years. Terms were not announced. After years of unsuccessful attempts to win government approval to operate …

New Jersey’s legislature this month passed a bill requiring merchants to accept cash at the point of sale, and several big cities, including New York, are considering similar measures. But does cash really need legal protection from payment cards and mobile wallets? That’s the question public officials as well as …

Global Payments Inc. on Wednesday credited a technology-centered strategy it has developed over the past six years for record results in 2018. Chief executive Jeff Sloan also pointed to the increasing investments required of payments providers as a leading cause of industry consolidation, in particular the pending merger of industry …

Merchant-processing revenues from North America grew 7% year-over-year in 2018’s fourth quarter to $1.1 billion on a comparable accounting basis, First Data Corp. reported Wednesday. First Data, which has an agreement to be acquired by processor Fiserv Inc. in a $22 billion all-stock deal, reported total quarterly revenues of $1.42 …

Point-of-sale technology provider Revel Systems released two new product lines, Revel Enterprise, for multilocation businesses, and Revel Essentials, aimed at restaurants and businesses with 20 or fewer locations. Shift4 Payments renamed its payment-management platform Lighthouse Transaction Manager. Formerly Dollars on the Net, the service enables merchants to access transaction reporting, …

Want to start—or bet on—the next big thing in payments? Forget glitz and glamor and focus on startups that address pressing problems with substantial and realistic solutions, argues Eric Grover. Successful payments fintechs such as Adyen, Ant Financial, Klarna, Stripe, and Square have generated enormous excitement. With the arguable exception …

Benefitting from a built-in customer connection, retailer wallets adroitly tap into shoppers’ purchasing habits in ways unavailable to the big tech wallets. Retailer mobile wallets are proliferating in part because the consumer can get something that she can’t with any of the tech-based apps. That is a high degree of …

So-called smart devices are invading the point of sale at an increasing pace. They bring undoubted advantages, but also a few complications. Judging by the number of times Fiserv Inc. chief executive Jeffery Yabuki and First Data Corp. CEO Frank Bisignano mentioned Clover last month during their joint announcement of …