Processing giant Worldpay Inc. announced early Tuesday it forged a new agreement with Revel Systems to support Revel’s iPad-based smart terminals for restaurants and other merchant locations. The agreement comes days after Total System Services Inc. (TSYS) said it is launching a line of smart POS devices and follows other …

Talk about mobile payments. Card companies, automakers, and merchants are readying technology to make cars a payment method as familiar as plastic—and phones. An informal consortium of payments companies, car makers, automotive suppliers, and merchants is trying to make it easier, and safer, for consumers to buy fuel, order meals, …

Restaurants are a coveted merchant segment for many acquirers and independent sales organizations. So, knowing how payments are changing and the impact that might have on this merchant segment is critical. First off, in 2019, the prospect for more consumers carrying, and wanting to use, contactless credit and debit cards …

A big office lease in downtown Oakland, Calif., suggests merchant processor Square Inc. is about to embark on a big expansion. Square on Thursday signed a lease for an entire 356,000-square-foot building that once was a Sears department store and after that was briefly owned by the ride-sharing firm Uber. …

The Federal Trade Commission announced a settlement with two defendants accused of laundering nearly $6 million in credit card charges through fraudulent merchant accounts. Lightspeed, developer of a cloud-based point-of-sale system, released Lightspeed Loyalty, a service that offers merchants a rewards program, automated marketing, customer data reporting, and, for restaurants, …

Thales’s proposed all-cash acquisition of rival Gemalto received merger-control regulatory clearance by the European Commission. Effective immediately, the clearance is conditioned on Thales’s agreement to divest its general-purpose hardware security modules business worldwide. The deal still must clear regulatory hurdles in five other countries, including the United States. Bluefin Payment …

Citing its potential effects on payments-market competition, the United Kingdom’s Competition and Markets Authority has now ordered an in-depth review of PayPal Holdings Inc.’s acquisition of Sweden-based processor iZettle AB. A PayPal spokesperson told Reuters the company is working with the CMA and plans to demonstrate the market will remain …

Three years ago, Mastercard shelled out big money for a U.K. technology firm. As faster payments take hold in the States, the rationale for that deal will soon be put to the test. Back in July 2017, the Federal Reserve issued a challenge to the U.S. payments industry: create a …

Amazon.com Inc.’s strategy to push its Amazon Pay wallet into physical stores could depend crucially on its ability to cut payment-processing costs and generate marketing advantages for merchants, including Groupon-like incentives, experts tell Digital Transactions News. The new strategy has been in the works at least since 2017 but reached …

Waiting for a server to bring a paper bill to a table so the payment can be made might not happen at some restaurants if tests by Glance Technologies of its Real-Time Bill feature prove successful. Announced Wednesday, the feature, which is in testing at undisclosed merchants, enables users to …