The deployment, which is expected to start later this year, is being characterized by both companies as a national rollout rather than a pilot. Paydiant’s Chris Gardner, a co-founder of the Wellesley, Mass.-based company, refers deployment questions to Subway, which refuses to comment beyond the companies’ joint press release. The …

Ammo for ISOs in the Tablet Wars Independent sales organizations are starting to feel squeezed by technology companies selling tablet-based point-of-sale solutions to merchants, according to terminal kingpin VeriFone Systems Inc. So VeriFone last month rolled out a tablet-based platform for its resellers that they can price and market to …

Steve Mott Two years after Google’s splashy mobile-wallet debut, there are more wallets than ever, even though Google and others have stumbled. What’s wrong with current wallet strategies, and what kind of future do digital wallets have? If things go according to unofficial reports, the readers of this article will …

Mark Horwedel Heavy costs, unrealistic deadlines, and a looming threat to hard-won Durbin rights are just some of the reasons. The bottom line is the chip card standard badly needs an overhaul. This question posed by the headline on this article seems to come up with increasing frequency these days, …

Elizabeth Whalen As remote deposit capture’s popularity soars, so does the opportunity for duplicate deposits. And the problems multiply when more than one bank is involved. As remote deposit capture (RDC) grows in popularity among depositors for its convenience and among banks for its potential cost savings, a downside is …

Durbin Amendment critics have long accused merchants of pocketing the billions they’ve saved since the amendment’s highly controversial debit card interchange price controls took effect two years ago Tuesday. Now, however, retailers are rolling out a study estimating that merchants passed on $5.86 billion in Durbin-related savings to consumers last …

The average ATM surcharge rose 4% over the last year, but the average foreign fee fell 2.5%, according to new data from research firm Bankrate Inc. Findings from Bankrate’s latest annual survey of checking-account fees, including ATM and overdraft charges, shows overall price increases have slowed, a possible indication that …

At first glance, it looks like a lopsided collaboration between competitors, but the agreement by which mobile point-of-sale upstart Square Inc. will integrate Intuit Inc.’s popular QuickBooks accounting software may end up benefiting both parties equally, some observers say. Under the deal, announced on Tuesday, users of the Square Register …

VeriFone Systems Inc. on Monday named Citigroup executive Paul Galant as its chief executive, ending a six-month quest for a permanent top executive. Galant replaces interim chief executive Richard McGinn, who assumed that role in March when long-time chief executive Douglas G. Bergeron left the San Jose, Calif.-based point-of-sale terminal …

When it comes to payments, the United States might be considered the land of the gap, according to a Federal Reserve assessment issued earlier this month. The assessment is the first of a three-part research study aimed at spurring the modernization of U.S. electronic payments, which many public-sector researchers and …