Three years after the Durbin Amendment took effect, the law’s painful impact on the cost of selling soda, candy, newspapers, and other small-ticket items remains an issue. And things may stay that way unless the newly elected Congress acts after taking office at the turn of the year, observers say. …

With its clients going increasingly mobile, Intuit Inc. knew it needed a point-of-sale payments solution for its cloud-based QuickBooks Online accounting product. This week, it announced it had found one, and unlike most payments products it has introduced in the past, this one wasn’t homegrown. Intuit recruited Revel Systems Inc., …

At trade show after trade show, and in article after article, payments-industry executives have heard for years now that the U.S. migration to chip cards on the Europay-MasterCard-Visa (EMV) standard, while protecting the point of sale from counterfeit fraud, will force fraudsters to ply their craft online. Indeed, the idea …

Before the emergence of Bitcoin and other such alternative currencies, people collected and traded airline miles. Many still do, which is what United Airlines and OTG Management, an operator of restaurants in 10 North American airports, are counting on. The two companies on Monday announced holders of United frequent-flyer miles …

In short order, competition in the business of funding small merchants has ratcheted up to new highs, with new, online and technology-based entrants flooding the market. One of the most recent, and successful, of these new entrants is Atlanta-based Kabbage Inc., which this year will hit the $500 million mark …

Tablet-based point-of-sale technology is moving apace in restaurants. Ziosk LLC, which installs tabletop tablets in eateries, announced this week Smokey Bones Bar & Fire Grill will install its system in all 65 of its U.S. locations. The rollout is expected to wind up by the end of February. Dallas-based Ziosk, which …

  Tablet-based point-of-sale company Revel Systems says it has secured $90 million in Series C financing, a windfall it will use to keep up with growth for its iPad-based POS systems, the company announced Tuesday. Private equity firm Welsh, Carson, Anderson & Stowe, which has long invested in payments companies, …

Square Inc.’s 6-month-old cash-advance product, Square Capital, has distributed $75 million to some 15,000 small businesses, the San Francisco-based payments company announced via Twitter this week. Further, merchants that have accepted the advances have processed in excess of $1 billion in sales through Square, the company said. It also pointed …

Surprise shipping costs are the leading cause of shopping-cart abandonment. Meanwhile, shopping apps are popular, but not used as much as you might think. And while social networks have grown in popularity every year, they have a surprisingly small influence on e-commerce buying decisions. n Asked what factors cause them …

With a critical deadline coming up in less than a year, it has become a common observation about the U.S. conversion to the Europay-MasterCard-Visa (EMV) chip card standard that transaction fraud prevented by EMV will simply move into e-commerce channels. Now, a new report from Javelin Strategy & Research argues …