Merchant

Square is taking a bigger bite at the small-business market by offering flat-fee processing to small merchants, furthering the company's efforts to present itself as a more full-featured option for card acceptance.

ID Tech, a supplier of point-of-sale devices, has agreed to begin outfitting its SecureMag readers with TransArmor data encryption and tokenization from First Data.

Some the nation’s leading merchants announced today the formation of the Merchant Customer Exchange, or MCX, a new mobile-commerce company that will support paying at the register with customizable offers.

Total System Services is taking a different approach to sales by forming a joint venture with Central Payment Co.

Sites like Groupon have captured consumers' attention and loyalty in a way that credit card issuers often dream of. A few savvy payments companies have found ways to benefit from the daily-deals fad.

Merchant acquirers and tech companies are collaborating on mobile payments issues in a new group formed by the Electronic Transactions Association.

Transaction processor Vantiv plans to offer its new Mobile Accept card reader to help brick-and-mortar merchants handle payments outside their stores — without paying more than they do for in-store payments.

Google has changed the rules about how issuers get into its mobile wallet, and American Express is the first to vocally and vehemently oppose Google's new setup. The outcome of this dispute could decide who controls transaction data in mobile payments.

Until recently, the acquiring industry viewed Google and other high-tech firms as interlopers in the payments business. Now, acquirers are courting those very companies as potential business partners.

VeriFone shares fell the most in more than two months after Starbucks, the largest coffee-shop chain, said it will use Square’s rival payment system in 7,000 stores.