Acquiring

Swipe, confirm sale, and sign. Swipe, confirm sale, and sign. Checkout on a point-of-sale system is a routine engagement for today’s consumers, and as such, many businesses overlook the opportunities that a POS system can provide. As an advisor to these businesses, you can inform them that POS is no …

Boosted by e-commerce sales, growth in credit card payments far outpaced growth in debit card and automated clearing house payments in 2016, according to newly released findings from the Federal Reserve. Credit card transactions grew 10.2% from 2015’s levels to 37.3 billion and were valued at $3.27 trillion, the Fed …

The holiday shopping season may be coming to a close, but mashups between mobile-wallet providers, merchants, payment card networks, and card issuers are likely to continue indefinitely as all groups seek more transaction volume from consumers. Apple Inc. has been active this holiday season. In one promotion, Apple is offering …

Point-of-sale system maker Touch Dynamic debuted the Breeze Ultra All-In-One POS terminal. Payment Data Systems Inc. said it will sell 1.18 million shares of common stock to institutional investors at $2.55 per share. The merchant processor anticipates net proceeds of $2.75 million after expenses, which it will use for general …

Shares of the small merchant processor Net Element Inc. surged more than 200% Wednesday morning, apparently for no other reason than the company announced it was creating a business unit to pursue opportunities in the nascent blockchain industry. At about 11:30 a.m. Eastern time, Miami-based Net Element’s stock was priced …

Some 55% of all U.S. storefronts were accepting EMV chip cards as of September, according to the latest quarterly data from Visa Inc., released Monday. That comes to more than 2.5 million merchant locations, up 9% from June and 538% from September 2015, when 392,000 locations were accepting chip cards …

Chargeback.com Inc. released the Chargeback App to aid employees in managing a retailer’s chargeback disputes. The commerce-technology provider Big Commerce agreed to make Visa Checkout available to its more than 55,000 merchant clients. More than 28 million card accounts are enrolled in Visa Checkout, which streamlines the payment process with users’ …

The PCI Security Standards Council named Lance J. Johnson to the executive director position. Johnson, who had been chief operating officer at Sequent Software Inc. for the past five years and spent 20 years at Visa Inc., replaces Stephen W. Orfei, the general manager who left earlier this year after …

The blockchain, mobile commerce, fraud, data breaches, and authentication were all hot payments topics in 2017. Expect that to continue into 2018 if the prognostications from several payments executives hold true. Much of their outlook centers on identity and authentication, especially as data breaches, large and small, continue to wreak …

The slow conversion of U.S. gasoline pumps from acceptance of only magnetic-stripe payment cards to EMV chip cards took a step forward Tuesday when payment technology provider NCR Corp. announced that a convenience store in upstate New York had completed its first outdoor EMV transaction using an NCR Optic upgrade …