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 …

By John Stewart Wednesday’s announcement by MasterCard Inc. that its MasterPass digital-payments service has signed up home-furnishings and décor e-retailer Wayfair, along with several Wayfair properties and mobile apps, threw into relief the progress the two giant general-purpose card networks are making in e-commerce and in-app payments. Once the province …

Sales in VeriFone Systems Inc.’s North America region jumped 54% in the quarter ended April 30 to $193 million from $125.3 million a year earlier, the payment-processing equipment maker reported Thursday. The big driver was the conversion of U.S. merchants’ point-of-sale terminals ahead of an October deadline for the devices …

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 …

Everybody remembers the Durbin Amendment’s caps on debit card interchange. But the law also sought to help merchants by increasing competition for debit card traffic. It did this with a transaction-routing requirement, which has been in effect now for three years and mandates that merchants have a choice of at …

Experts in merchant acquiring have long pointed out that, when it comes to revenue, size matters. How much it matters emerges in some recent research. Acquirers processing the most annual volume, some $30 billion or more each, earned revenue at a rate of 41 basis points (0.41%) on volume in …

Getting mobile payments to click with merchants and consumers will require new models for digital marketing. And doing it right will take lots of money and time. (Editor’s Note: This is the second part of a two-part examination of the current landscape for mobile payments. Part One, which sized up …

Upstarts armed with digital technology are rewiring the money-transfer business, but the time-tested agent model enjoys key advantages. The old and new just might meet in the middle. In some respects, agent-based money-transfer providers are like what cash and checks were to an earlier generation of credit and debit card …

It’s more critical than ever that online merchants leverage payments to satisfy shoppers’ expectations. From the checkout experience to social media, here’s a quintet of ways to make that happen. Holiday sales hit a record high this past season, when Americans spent $53.3 billion online, according to a recent study …

The federal government now expects processors to be payments cops, says Andy Phillips, chief executive of an ISO that found out the hard way. Following the networks’ rules is no guarantee the government will think you’ve done enough. In the new world of payment processing, I’m now a cop. I …