The MyCheck mobile app is gaining some ground in a crowded field of applications that enable consumers to order and pay restaurant tabs. New York City-based MyCheck LLC announced Thursday that the 68-location Twin Peaks restaurant chain will offer its iOS and Android white-label app to customers for payments and …

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 …

First Data Corp. has added the Clover Mini to its roster of tablet-based point-of-sale products, the Atlanta-based processor announced Tuesday. The device has the same capabilities as the countertop-sized Clover Station, but in a 7-inch screen. The Clover products offer merchants the ability to add a wide variety of apps …

When Acculynk Inc. introduced its Payzur person-to-person payments service two years ago, it saw it as a way of leveraging the company’s virtual PIN-pad technology along with PIN-debit networks to enable faster, guaranteed payments between individuals. n Last month, MasterCard laid down a gauntlet with its MasterCard Send, a back-end …

There may be a number of competing definitions and products already in the market and under development, but the current state of payments tokenization may not be as out of whack as some may think. That’s the assessment of the latest report from the Mobile Payments Industry Workgroup, whose members …

Now that companies like Dwolla Inc., Facebook Inc., Microsoft Inc., and Square Inc. are making headlines with actual or expected services for a booming person-to-person payments market, financial institutions are scrambling to come up with solutions for their customers. One popular option is to leverage the automated clearing house network, …

By Dan Leberman Every business owner needs to process customer payments, but selecting a payment processor can be very confusing. To make the selection simpler, get started by identifying and prioritizing the most important factors for your business. Based on PayPal’s own best practices, here are top considerations for every …

By John Stewart The digital currency Bitcoin has attracted plenty of headlines, and has even gained enough of a foothold economically to prompt regulation, with the state of New York introducing the first BitLicense last week. But while the Bitcoin concept may be spreading its wings, the Bitcoin user base …

Merchant attrition fell to 21% in 2014, down from 22% in 2013, reflecting continuing merchant use of specialty point-of-sale software that helps them run their businesses in addition to enabling payment acceptance, finds a report from Adil Consulting. The report, “Merchant Attrition: Strategies, Tactics, Best Practices & Industry Benchmarking,” examines …