Technology

Merchants are expressing concern about the U.S. transition to EMV-chip payment cards because of what they view as technical challenges and industry politics.

Tablet point of sale technology provider Revel Systems has raised $10.1 million in expansion capital that it will use to increase staff as well as open new offices in Asia and Europe.

Bank of America, which is testing the use of QR codes for payment at five merchants and uses the same technology at the teller line, reports success in using the codes to enroll customers in its mobile banking app.

Call it a sign of the times, but something is definitely changing as face-to-face purchases of bitcoin are booming worldwide.

First Trade Union Bank has unveiled FT Pay, a mobile payment and loyalty app powered by LevelUp. The relationship represents LevelUp's first foray into the traditional banking industry with a technology it has typically sold under its own brand.

Comdata Corp. will provide fleet and fuel payment for Lowe's, a hardware seller with more than 5,000 vehicles.

Square Inc. now allows its merchants to establish an online store through the Square Register app.

With its newest update, Lemon Wallet is offering a 15-day free trial of its paid Wallet Plus service, a marketing scheme to whet consumers' appetites for the payments-capable mobile wallet it plans to roll out in the next couple of weeks.

Choosing the right technology vendors can differentiate independent sales organizations and provide a competitive advantage.

Vocalink, a London-based payments provider, is launching a new company called Zapp, which enables consumers to make real-time payments with their mobile device by linking their mobile phone number to a bank account.