Merchant

Flipkart Online Services Pvt has completed a $1 billion fundraising and aims to raise as much as $1 billion more over the next few months, according to people familiar with the matter, giving India’s largest e-commerce company capital to battle back against rising competition.

Cleveland-based Select Restaurants Inc., a national chain of upscale restaurants and bars, has experienced a breach exposing customers’ payment card data through point of sale technology, according to data security expert Brian Krebs.

The Plenti loyalty program unfolded two years ago with a new twist on plastic card-based rewards—a multi-merchant coalition in which participants were given exclusivity within their market and consumers could earn points at one retailer and redeem them at another.

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The introduction of EMV is supposed to help reduce instances of fraud. But when a merchant has trouble operating its terminal, unscrupulous customers can take advantage.

Revel Systems is about to expand a program it’s created at several U.S. airports enabling shops and restaurants to seamlessly integrate business travelers’ checkouts with a mobile app from Expensify, a top corporate travel expense-reporting software provider.

Underbanked consumers will have an incentive to initiate mobile payments through PaySwag, an application that will issue rewards for using a smartphone to make a payment and allowing redemption at any time.

As many tech companies push to counter the use of cash in favor of cards and mobile wallets, some merchants are pushing back by urging the use of cash.

The mobile point of sale vendor ShopKeep has purchased ChowBot, an online order-and-pay software tool for restaurants, with plans to broadly integrate the new feature into its services for small businesses.

A lot of time can pass between a breach and when a company discovers the incident, creating an opportunity to damage payment systems.