Mobile point-of-sale

Security researchers are uncovering widespread vulnerabilities in several popular mobile point-of-sale systems, which have become increasingly popular in recent years among many types of merchants large and small.

For their own sake, GrubHub and Uber should have purchased Caviar when Square reportedly offered it to them for sale in 2016. Instead, they now have a competitor who’s looking to eat their lunch in the restaurant delivery business.

Square Inc. gave an earnings forecast for the current quarter and year that fell short of analysts’ high expectations, a rare miss for the company and a signal its spending on new products and growth are tempering profit.

FundKite executives watched the small-business lending sector evolve — and determined that the trend of mobile point of sale providers offering loans and cash advances was limiting the market.

Restaurant point of sale and back-office management provider Toast has received $115 million in Series D funding that the company plans use to develop technology and expand its market.

Paul Galant will leave the CEO post at Verifone in the next few months, following a tenure in which he helped diversify and automate Verifone's merchant acquiring business and led a recovery from a series of strategic and economic missteps.

For stores that don't want such a high-tech makeover, options for automatic checkout options are being built on a much simpler foundation.

Square Inc. shares climbed to their highest price ever after New York granted the company a virtual-currency license, letting customers in the state buy and sell Bitcoin.

As contactless cards continue their momentum in the U.K., new use cases are popping up for the tap-and-go technology.

Going back to the debut of the free Square card reader, the mobile payments market has made fees — or the lack of fees — a major selling point.

Mobeewave is rolling out its mobile point of sale technology in the United Arab Emirates, a country that still has very high cash usage despite government initiatives to encourage digital payments.

The changes are designed to remove the complex set of fees that could vary from one mercant to another.

Merchants are interested in new payments technology, but there's still an understanding gap that keeps cash a viable option.

The cashierless Amazon Go store is barely more than an experiment — it's live in only one location in Seattle, with plans for a handful of stores to follow this year — but it has already sparked a race to put similar models in place.

The City of London, in collaboration with iZettle, is introducing the world’s first contactless card payment scheme for street performers. And as PayPal completes its purchase of iZettle, it's likely that this technology will spread to the U.S.

For some, the fast pace of change in payments technology needs to slow down for consumers and merchants to catch up. For others, the technology must evolve because it is the consumer and merchant seeking change — all in the name of an easier, mobile experience.

Square's taking on hundreds of millions of added debt to battle PayPal, indicating that the simple business model of turning a smartphone into a point of sale terminal is largely a thing of the past.

PayPal has agreed to acquire iZettle—often called the Square of Europe—in a move that could blunt Square’s prospects in key markets.

Retail and hospitality payments software provider Veea Inc. is partnering with cross-border mobile payments provider Citcon to allow businesses using Veea services in the U.S. to accept Alipay and WeChat Pay mobile payments.

Plate IQ has integrated its automated accounts payable technology for restaurants with the new Square for Restaurants point-of-sale system.