Kevin Woodward

An Asian bank has started deploying the first of 26,000 Hypercom Corp. Optimum point of sale terminals in Indonesia.

A cacophony of marketing voices is urging ISOs and acquirers to consider mobile point-of-sale services as a way to grow revenue and potentially reach new merchants.

VeriFone Systems Inc.'s move to buy the point of sale terminal business of the Dutch card maker Gemalto NV could be especially helpful in the event that its attempt to buy rival Hypercom Corp. fails.

Point of sale terminals five years from now may not look much different from today's devices, but big changes are expected for the software running on them.

Trustwave, best known for testing and fixing payment network vulnerabilities, has added a service that evaluates physical security.

Westpac Banking Corp. has begun installing 15,000 Hypercom Corp. Optimum point of sale terminals as part of a $50 million deal the two companies announced last year.

VeriFone Systems Inc. has purchased a majority stake in All Business Solutions, an Italian payments software developer.

VeriFone Systems Inc.’s unsolicited bid to acquire rival Hypercom Corp. for $5.25 in cash for each Hypercom share is too low, and Hypercom should hold out for at least $6 per share if offered in cash, analysts say.

It appears the time to prepare for EMV and advanced encryption has arrived.

Payment processor Global Payments Inc. will sell VeriFone Systems Inc.’s PayWare Mobile service in Canada, VeriFone announced Wednesday.

In a move that one analyst said could be tied to poor results following a change in sales strategy, Heartland Payment Systems Inc. has transferred its chief sales officer to a regional director position.

Cielo SA, a Brazilian merchant acquirer with approximately 1.2 million active merchant accounts, has agreed to buy 30,000 Optimum T4205 point of sale terminals from Hypercom Corp.

Hypercom Corp. has revamped its sales team overseeing multilane point of sale products and Latin America.

Six casinos in Idaho, Washington and California have signed up to use Global Payments Inc.'s VIP LightSpeed cash-access service, the Atlanta payment processor announced Aug. 26.

Visa Inc. has released a set of best practices that it says will help increase data security at companies that install or manage payment software, including at point of sale terminals.

Visa Inc.'s most recent statistics of merchant compliance with the Payment Card Industry data security standard shows that all of the largest U.S. merchants have validated their point of sale systems as not storing prohibited data.

A number of Payment Card Industry data security standard compliance programs are beginning to prove their value, a consultant said.

A point of sale breach disclosed last week at a Texas restaurant only affects that restaurant, the restaurant's payment processor, Heartland Payment Systems Inc., said.

A new set of updates to the Payment Card Industry Data Security Standard and the Payment Application Data Security Standard will clarify some of the obligations of merchants to protect cardholder data, but do not include any major revisions or changes.

ILoveVelvet, a New York-based payment-technology company, says its new Velvet Suite products can enable merchants to use Apple Inc.'s iPhone and iPad devices as retail point-of-sale terminals.