Transaction Processing

First Data Corp. has added the Clover Mini to its roster of tablet-based point-of-sale products, the Atlanta-based processor announced Tuesday. The device has the same capabilities as the countertop-sized Clover Station, but in a 7-inch screen. The Clover products offer merchants the ability to add a wide variety of apps …

There may be a number of competing definitions and products already in the market and under development, but the current state of payments tokenization may not be as out of whack as some may think. That’s the assessment of the latest report from the Mobile Payments Industry Workgroup, whose members …

By John Stewart The digital currency Bitcoin has attracted plenty of headlines, and has even gained enough of a foothold economically to prompt regulation, with the state of New York introducing the first BitLicense last week. But while the Bitcoin concept may be spreading its wings, the Bitcoin user base …

Criminals targeting payment card data have a very hefty incentive, suggests the Trustwave 2015 Global Security Report. How much of an incentive? The return on investment in one example is 1,425%. Released Tuesday, the report quantifies the return on investment for a common type of online fraud, suggesting strategies to …

Judging from new Federal Reserve data, April was a month of joy for merchants and credit card issuers as consumers spent more on their credit cards, but for consumer advocates and financial advisors it may have been a month of angst as they saw foolish consumers take on too much …

By John Stewart As participants in the 40-year-old automated clearing house network get ready to implement same-day clearing capability, network growth continues to percolate, according to the latest numbers from NACHA, the Herndon, Va.-based rules-setting organization for the ACH. Transactions totaled 4.72 billion in the first quarter, an increase of …

By John Stewart Dwolla Inc. announced Thursday morning it is eliminating its 25-cent transaction fee, effective immediately, on all transactions types. The fee, which has applied to transaction values exceeding $10, is typically paid by the receiver of the money. Des Moines, Iowa-based Dwolla processes person-to-person payments as well as …

Two iPad-based point-of-sale system providers have made announcements that, in one instance, provide another connectivity option, and in the other, puts the spotlight on the company. Revel Systems has released a wired Internet option for its iPad-based point-of-sale product, enabling the WiFi-only device to have another connectivity option. The Revel …

Two dominant payments companies—Visa Inc. and VeriFone Systems Inc.—are teaming up to better secure the varying ways consumers shop across digital and face-to-face channels. Announced Wednesday, the deal lets San Jose, Calif.-based VeriFone, which makes point-of-sale hardware and security products, gain access to Visa’s CyberSource platform that global merchants use …

Rezzcard, a provider of payments services for tenants in affordable housing, has teamed with processor JetPay Corp. to offer a Visa-branded prepaid card, called the MAC card, as well as a mobile app, to tenants living in public, Section 8, tax-credit-subsidized, and workforce-housing developments. The Rezzcard app enables users to …