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First Data has unveiled Clover Go, a new EMV-enabled card reader for mobile devices and the latest device in its Clover mobile point of sale product line.

Verifone plans to acquire payment technology and switching solutions provider AJB Software, a move that would allow the point of sale hardware maker to offer more services to its acquiring partners as merchants deploy EMV security and mobile wallet acceptance.

Payne, who was promoted from director of corporate risk services, began her new role Jan. 1. She succeeded Dave Kling, who retired, the $18 billion-asset bank said.

Metropolitan Commercial Bank in New York has named Dale Fredston, a former general counsel at Sterling Bancorp in Montebello, N.Y., to its board of directors.

Seven years after placing its first smart terminal in Africa as part of a financial inclusion program, French terminal maker Ingenico says the program has progressed to where it now has 50,000 terminals that aid financial services in the region.

Through a partnership with Intel, terminal maker Ingenico Group has developed a contactless payment technology that is being used in a Panasonic tablet.

"Omnichannel" is an increasingly common term in the payments technology industry, but it means different things to different people.

American National Bankshares in Danville, Va., has named Cathy Liles its chief accounting officer.

Avidia Bank has been operating a new integrated platform for a few weeks that brings together third-party processor compliance, risk management, ACH and card payment acceptance, and remote deposit capture on one platform.

Valley National Bank in Wayne, N.J., has a new chief administrative officer.

Mary Kay Bates, who had been chief operating officer in January 2014, was promoted to president of the $724 million-asset bank in Spirit Lake, Iowa.

FuturePay hopes its alternative credit model can shake up in-store payments as the company plots to go beyond its e-commerce roots.

Chase Commerce Solutions has sold its entire independent sales organization portfolio of accounts and associated contracts to First American Payment Systems.

To facilitate its push into the U.S. market, Splitit (formerly PayItSimple) recently added its cloud-based interest-free installment payment technology as a free plugin for e-commerce merchants using the WooCommerce platform.

Cathy Bessant pitches her bank to fintech startups; Blythe Masters pitches her fintech startup to banks; skepticism about Sallie Krawcheck's venture.

In the war on cash, Canada doesn't hold a candle to Sweden, where bills and coins are used for less than 5% of retail transactions, or Denmark, which plans to eradicate cash by 2030. But recent research suggests Canada is quickly closing the gap as its rate of contactless payments is soaring.

It's a precarious time for security at gas stations, many of which are taking advantage of the two-year grace period they received for EMV card acceptance when the rest of the bank and retail world faced a 2015 deadline.

MainSource Financial Group in Greensburg, Ind., has named Karen Woods as chief risk officer and corporate counsel.

First Republic Bank in San Francisco has appointed Katherine August-deWilde to the newly created position of vice chair.

First Republic Bank in San Francisco has appointed Katherine August-deWilde to the newly created position of vice chair.