Mobile POS devices may not displace entirely the traditional countertop POS terminal, but they could come close. It emerged six years ago among the smallest of merchants and had only one function: accepting credit and debit card transactions. But now the mobile point-of-sale device and its attendant software have …

Every U.S. EMV chip card will have a backup magnetic stripe. That ensures widespread acceptance but can present risks. As EMV chip card payments finally take hold in the United States, an issue certain to show up on the payment industry’s radar is fallback. That’s when the customer inserts an …

Possibly as soon as later this year, the processing giant will undergo a mammoth IPO. Here, a payments-industry analyst sizes up what the company can offer investors. The world’s largest payment processor, First Data Corp., is girding for an initial public offering, likely later this year. It promises to be …

It’s a huge decision for any business, but it can be especially crucial for a small one, says Dan Leberman. Here are some important considerations to make the job a little easier. Even if you have coding experience, tackling a heavy-lifting payments integration carries substantial opportunity cost. And if you …

With a little more marketing oomph behind it, the gift card market rebounded in 2014 after a down year in 2013, according to a report released Wednesday by Mercator Advisory Group. Virtual gift cards, a small but key segment of the market, held their own and may soon benefit from …

America’s tardiness in adopting EMV chip card technology has long been known to contribute to rising rates of fraud here, but now it appears the country’s plans to convert to EMV are, ironically, causing pain overseas. Fraudulent cross-border transactions on debit cards issued in the United Kingdom increased 25% in …

While social networks like Facebook, Twitter, and Pinterest develop so-called buy buttons for the ads they sell, third-party developers are looking at extending the same technology across not only social networks but apps, mobile sites, and even emails. One of the most aggressive of these developers, Santa Clara, Calif.-based XpressBuy …

As I see it, there are three main areas of vulnerability for merchant cash-advance (MCA) providers: 1. Incorrectly assessing the risk. What systems do you have in place for being able to analyze and manage your risk? Many MCA funders come into the market with six months’ runway and then …

Point-of-sale payment card fraud will be easing off thanks largely to the introduction of EMV chip card payments to the United States in the next few years. But fraudsters, according to a new report from Javelin Strategy & Research, will be back in stores armed with cards using stolen credentials …

Independent sales organization Pivotal Payments Inc. says its FlexPoint point-to-point encryption service for point-of-sale software systems has been certified by its processor, Total System Services Inc. (TSYS). FlexPoint, which launched in 2014 in Canada, encrypts payment data directly on the payment device and sends the encrypted data directly to the …