Fintech

Pulse, a Discover Financial Services debit and ATM network, is partnering with fisoc Inc. to roll out the Buzz Points loyalty program to financial institutions.

Mobile point of sale systems could expand card acceptance by adding as much as 19 million merchants, resulting in a potential $1.1 trillion uptick in annual card payments, Javelin Strategy and Research says in a new report.

The merchants chosen to speak at Nacha's Payments 2013 conference didn't waste lot of time before swinging away at the expectation that they start accepting EMV-chip cards in the near future.

Braintree Inc., a small mobile payment vendor founded in 2007, has attracted employees and board members from some of the biggest technology companies. Its recruits say the young company promises a more dynamic environment than the industry giants can provide.

Roam Data Inc. has updated its mobile app to allow merchants to operate a complete point of sale system from smartphones or tablets.

Executives at Discover Financial Services sought to temper investor expectations of quick results from its partnership with PayPal, instead emphasizing the long-term benefits of the alliance, as well as other ongoing initiatives.

The terminal maker VeriFone Systems Inc. has signed a two-year contract with China Payment and Remittance Service to provide managed services for up to 100,000 of the company's point of sale devices.

Corporate payments services provider Wex will now offer its travel booking and payment automation service to businesses in Brazil.

U.S. Bancorp is developing a voice command mobile application to allow users to speak payment-related commands into the mobile device.

Eighteen states and the District of Columbia have legalized medical marijuana, and some dispensaries enjoy millions of dollars in annual sales. However, such establishments may not be ideal clients for ISOs unless they and their sale agents exercise caution, say those who work with the medical marijuana industry.