Payment processing

Spire Payments will supply Indian Overseas Bank with more than 7,500 mobile point of sale devices in its mPOS deployment in the Chennai region of India.

Fifth Third Bancorp has combined several business divisions into a new unit focused on payments, as the Cincinnati company continues its gradual exit from its former payments unit, Vantiv.

Revel Systems' deal with the New Orleans-based Smoothie King franchise will be the largest deployment to date of its iPad point of sale software.

Merchants using Revel Systems' iPad point-of-sale software will now have the option to incorporate Web ordering into the system, and will also be able to accept Apple Pay when Apple's mobile wallet launches next month.

PAR Technology has acquired Brink Software, a provider of cloud-based point-of-sale services for restaurants.

The PayPal Here mobile point of sale reader is now available on Android tablets, the eBay subsidiary announced Thursday.

Green Dot plans to acquire Santa Barbara Tax Products Group (TPG) for about $320 million, a move that will allow the prepaid card provider to add tax refund processing services through partnerships with tax preparers.

U.S. merchants will have to upgrade their terminals soon to be able to support the influx of Apple devotees who will want to use their new phones to make payments.

Subway's substantial support of the telco-led Softcard mobile wallet and the recently unveiled Apple Pay, which both use Near Field Communication for payments, is a sign that the technology's interoperability is paying off in larger deployments.

Global Payments Inc. has reached an agreement to buy the payments technology company Ezidebit, which operates in Australia and New Zealand.

MasterCard is establishing a foundation for mobile wallets in Europe by requiring the continent's merchants to accept contactless payments by the end of the decade.

Apple has a long list of supporters for its new mobile wallet, including a few key companies that had already thrown their hats in with PayPal and MCX. Retailers' support of Apple makes NFC a more likely prospect for PayPal mobile payments going forward.

Yapital Financial AG in Luxembourg is integrating its cross-channel payment system into the platforms of VeriFone Systems and the Ingenico Group.

The financial technology company Fiserv has added token-based security from Visa and MasterCard.

Home Depot Inc. confirmed that hackers infiltrated its computer systems at stores in the U.S. and Canada.

In Indonesia, Bank Tabungan is partnering with financial services software company Compass Plus to navigate the issuance of EMV-chip cards ahead of its national deadline.

VeriFone is developing a number of uses for the video screens on its point of sale terminals, which can display advertising and other content.

Building on technology it began developing three years ago, SmartMetric Inc. says it has developed a smaller and faster fingerprint reader that fits inside of a credit card.

The reduced pricing for Discover’s signature debit card network will apply to the more than 4,000 banks that are members of the American Bankers Association.

Apriva says it has "future-proofed" its services for merchant acquirers by connecting to a digital currency gateway and developing a universal point of sale application that will handle upgrades on EMV-enabled terminals.