VeriFone Systems Inc. on Thursday introduced a new point-of-sale terminal product line that embraces design cues from consumer electronics. With the new terminal line, VeriFone also introduced its first app store. Dubbed Engage, the series of six devices, which includes two countertop terminals, two PIN pads, and two portable devices, …

For merchants these days, laying hands on a payment terminal with the needed EMV certifications is hard enough. Finding a certified device with built-in intelligence is even harder. Against that backdrop, a Palo Alto, Calif.-based startup called Poynt Co. on Thursday announced its Poynt Smart Terminal is the first such …

Top performing merchant acquirers make more than 103 basis points per transaction from merchants that process with them. That’s the finding from a survey of 37 independent sales organizations and acquirers conducted by Adil Consulting, an Omaha, Neb.-based payments-advisory firm. The median is 64 basis points. The top 20% of …

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 …

Two weeks after what has come to be regarded as the official start date for EMV chip cards in the United States, senior executives with the major card networks gave a largely upbeat progress report to an audience of acquiring-industry owners and managers last Thursday, while acknowledging that much work …

By Kevin Woodward None can escape the notoriety of mobile payments, but most consumers apparently are able to ignore the allure of using the smart phone-based technology. Only 18% of consumers use their mobile phones to make at least one payment a week, finds the 2015 North America Consumer Digital …

  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 …

With the coming of EMV chip card payments to the U.S. point of sale on Oct. 1, merchants, merchant acquirers and credit and debit card issuers are bracing for an expected boom in card-not-present (CNP) fraud. Countless processors, payment gateways and tech companies have announced products and services meant to …

  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, …

    As more merchants begin to realize the need to become EMV compliant and purchase EMV-capable devices, they will be searching for the right solution for their business. Imagine being one of the few VARs able to provide an EMV-compatible solution and the opportunities it could present. In this …