Near-Field Communication (NFC)

PayPal Holdings Inc. and Square Inc. are moving to increase hiring as consumers reportedly shift to mobile payments as a result of calls for social distancing.Arguing that “the [coronavirus] pandemic will pass, but the economic impact will last,” a collation of payroll processors and trade associations issued an open letter to President Donald …

With students not in school, the closure of restaurants and bars, and work-from-home edicts in place, consumer spending is shifting. Witness that in the week of March 9-15, the payment volume made with dipped EMV cards fell 5.17% from the week prior and mag-stripe volume fell 13.07%, according to the …

As the payments industry reeled Monday morning during yet another wild session on Wall Street, card manufacturer CPI Card Group Inc. provided a glimmer of hopeful news when it reported improving financials thanks in part to growing sales of dual-interface cards. Littleton, Colo. based CPI said fourth-quarter sales in its …

The global coronavirus scare has prompted a number of warnings that could end up benefiting electronic payments, particularly contactless transactions. Authorities ranging from the World Health Organization to doctors in local practices have warned this week about the risks of handling paper currency, and some have also cautioned against touching …

Annual stockholder meetings usually are staid affairs involving such exciting matters as appointing a company’s auditing firm, but the upcoming meeting for vending machine payments provider USA Technologies Inc. could be a real barn burner. The months-long battle between Malvern, Pa.-based USAT’s management and board on the one side and …

Fiserv Inc. announced its Clover unit has launched Clover Station Pro, a cloud-based point-of-sale device featuring a customer-facing countertop display and software specific to quick-service and full-service restaurants on the Clover platform.Elavon Inc., the merchant acquiring unit of U.S. Bancorp, announced the sale of its Mexico-based operations to banking giant Santander …

Wire-transfer provider MoneyGram International Inc. said transaction volume from its MoneyGram Online service grew 39% year-over-year in the fourth quarter; the company reported a net loss of $11.9 million compared with a loss of $12.5 million in 2018’s fourth quarter.Former Fit Pay Inc. shareholders are suing Garmin International, alleging the company, known for its …

Fiserv Inc. said this week its First Data unit has performed the first PIN-on-mobile contactless transaction involving only a commercially available mobile device. Observers say the breakthrough could expand the availability of PIN-on-mobile technology significantly by allowing small merchants like food-truck operators and other mobile sellers to accept card payments …

Prepaid card and banking services provider Green Dot Corp. reported $10.6 billion in gross dollar volume on its products for the fourth quarter, up 8% year-over-year. Green Dot also announced a multi-year extension of its contract with Apple Inc. for issuing the Apple Cash card.ATM network operator Cardtronics plc said Amazon.com customers can now add cash to …

While playing defense in a proxy war with the company’s largest shareholder, vending-machine payments provider USA Technologies Inc.’s top executives are looking for growth through software-based services, and expansion into adjacent markets and other countries, particularly Japan.  “Our go-to-market strategy is to advance our sales efforts as an integrated software …