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Card issuer and bank Capital One Financial Corp. has bought into the clearXchange person-to-person payment company, becoming the fourth owner. Founded in 2011, clearXchange was started by Wells Fargo & Co., Bank of America Corp. and JPMorgan Chase & Co., with the idea of leveraging a consumer’s existing relationship …
Read More »Square Snags Seven Whole Foods Stores in Another Move Up Market, Updates Square Cash
Consumers shopping at seven Whole Foods Market locations in Austin, Texas, New York City, Florida, and the San Francisco Bay area now can use their Square Wallet apps to pay for merchandise inside the stores. Whole Foods and Square Inc. are installing Square Register-equipped iPads on Square Stands inside these …
Read More »Revel Systems Adds Bitcoin Support to its iPad POS System
Revel Systems Inc. is the latest payments organization to support Bitcoin with the announcement Tuesday that consumers can use the digital currency with its iPad-based point-of-sale system. San Francisco-based Revel is working with Bitcoin wallet provider Coinbase to integrate acceptance. Revel added Bitcoin acceptance because of about 30 requests from …
Read More »MCX Takes Big Step Toward Launch With Deal To Use Paydiant Mobile Technology
Merchant Customer Exchange, the retailer-controlled mobile-payments network, took another step toward launch on Wednesday when it announced a deal with Paydiant Inc. to use the startup wallet provider’s technology at member merchant locations. Dallas-based MCX also said Wendy’s International LLC, the hamburger chain, and regional grocery chain Acme Fresh Market …
Read More »ISOs Hone Their Tablet-based Point-of-Sale Products
Up Solutions, the cloud-based point-of-sale division of United Merchant Services Inc., has set its Up Tab restaurant POS system at zero cost for resellers, the company announced today. Separately, Harbortouch has updated its POS Sales Center iPad app with new functions. Comprising an Android-based tablet, stand, printer, card reader, and …
Read More »As EMV Comes to the U.S. Market, Canada’s NBS Buys Terminal Maker Equinox
Equinox Payments LLC has a new owner. In a bid to strengthen its hand in the market for EMV gear in the United States, NBS Payment Solutions Inc. announced late Thursday it bought the Scottsdale, Ariz.-based payment-terminal maker for an undisclosed amount from the private-equity investment firm Gores Group LLC. …
Read More »AmEx Ramps Up Effort To Sign Small Merchants With Its OptBlue Program
American Express Co. is stepping up its campaign to add small merchants to its acceptance base with a program called OptBlue that gives partner merchant acquirers a greater role than they had with an older program called OnePoint. AmEx started testing OptBlue late last year and revealed details about it …
Read More »Apple Bans Another Bitcoin Wallet, Stirring Protests But Perhaps Boosting Its Own Wallet
Apple Inc. removed from its vast mobile-applications market called the App Store the Blockchain mobile wallet for accessing the Bitcoin virtual currency, an action Blockchain claims will leave no native Bitcoin options for users of Apple’s iOS mobile devices such as the iPhone and iPad. Apple’s move quickly stirred protests …
Read More »PayPros Deal Supports Global’s Strategy, But Not at Expense of ISOs, Company Says
Global Payments Inc.’s $420 million deal to buy integrated payments-software maker Payment Processing Inc., or PayPros, is furthering its strategy as the payment processor looks to grow its direct sales, says a Global Payments spokeswoman. Atlanta-based Global Payments announced the deal Friday to buy the Newark, Calif.-based PayPros, which …
Read More »Apple Now Holds Key Building Blocks to Exploit ‘Big Opportunity’ in Mobile Payments
Having been for years at the center of speculation on the matter, Apple Inc. may finally be readying a foray into mobile payments, according to news reports over the weekend. Citing knowledgeable sources, The Wall Street Journal Friday night said online-services chief Eddy Cue is heading up the effort at …
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