Acquiring

Implementing EMV chip card payments can be anything but a cheap and easy plug-and-play for small businesses, according to testimony several merchants gave before a U.S. House of Representatives committee Wednesday. Art Potash, chief executive of Potash Markets, a 65-year-old family-run Chicago grocery operation with three stores, told the House …

  First Data Corp.’s push to transform itself into a nimbler and more responsive payments processor continues on, with changes in its internal structure and approach to servicing merchants leading the way, says a First Data executive. In an interview Thursday with Digital Transactions News, Dan Charron, First Data executive …

  Add TransFirst Holdings Inc. to the growing roster of payments companies turning to the publicly traded stock markets to raise cash. The big merchant acquirer late Friday announced it filed an S-1 registration statement with the U.S. Securities and Exchange Commission for an initial public offering of stock. The filing, …

  Processing titan First Data Corp.’s return to the stock market Thursday was met with a tepid response from investors in the Atlanta-based company. First Data, which turned to the market to raise money to pay off debt, priced its initial public offering late Wednesday at $16 per share, which …

Another 800-pound gorilla will soon be promoting a digital wallet, only this time it’s not a technology firm. It’s JPMorgan Chase & Co., a world leader in payment card issuance and merchant acquiring. “We’re launching our own wallet. You’ll be hearing a lot more about it,” Mike Passilla, chief executive …

After alerting the investment community in July that it intended to file for an initial public offering of stock, merchant processor Square Inc. on Wednesday finally went public with its plans. San Francisco-based Square, which first made a name for itself by providing mobile-payment services to tiny businesses and individual …

Within a week, four more major retailers—ExxonMobil, Sears, Shell Oil, and WalMart—will join the CurrentC pilot that started last month in Columbus, Ohio. That’s according to Brian V. Mooney, a long-time processing executive who took over in April as interim chief executive of the mobile wallet’s sponsor organization, Merchant Customer …

  Consumer confusion, lack of standards for offers, and splintered merchant acceptance continue to impede mobile-wallet adoption among consumers, but they are not expected to thwart the long-term prospects for the payments model, suggested panelists on Wednesday at the NFC Solutions Summit in Phoenix. Near-field communication (NFC) technology not only can …

  Venue operator Live Nation Entertainment will install more than 4,400 fixed and mobile point-of-sale devices supplied by cloud-based  mobile point-of-sale maker Appetize in 32 venues, Appetize announced Tuesday. Four-year-old Appetize says this is its largest single POS deployment yet. About half of the devices in the Live Nation deal …

Point-of-sale terminal maker Ingenico Group has teamed up with Bitcoin merchant acquirer BitPay Inc. to retrofit a traditional POS terminal for Bitcoin acceptance in stores. And the U.S. Marshals Service is planning to auction off the last of the Bitcoin that the FBI seized in 2013 when it busted Ross …