Payment processing

Mobile POS (mPOS) at retail delivers numerous benefits, including line-busting, managing showrooming, stimulating add-on sales and ordering out-of-stock items. Plus, mobile devices equip associates to run customer loyalty programs, manage inventory and change prices—all from the palm of their hand.

Balanced's new Push to Card program allows its marketplace clients to pay sellers directly onto their debit cards, enabling those sellers to instantly spend those funds.

Merchants are likely to find the final sprint to meet the U.S. EMV liability-shift deadline is a tougher task for them than it is for card issuers.

Tax compliance provider Avalara has made many connections within the payments industry to respond to merchant demand for built-in tax reporting functions at the point of sale.

By the end of 2015, 70% of U.S. credit cards and 41% of U.S. debit cards will be EMV enabled, and chip-and-signature will be preferred by issuers out of the gate, according to a recent survey.

Israeli contactless payment technology provider On Track Innovations (oti) is expanding its reach to enable self-service payments on several fronts.

Clients of EFT Source have issued more than 524,000 debit cards in a year through its Card@Once Instant Issuance Printers.

Financial institutions remain positioned well to forge deep relationships with business clients seeking help in navigating the challenges of emerging payments technology and risks, says Capital One's Jim Gifas.

Wearable payments will be one of the ways bank customers do transactions in the future.

The next decade could be the most transformational period the financial services industry has ever seen, and new payments technology such as digital wallets can help institutions compete in the years ahead, says American Express' Dan Schulman.

VeriFone's second quarter revenue increases signal the company is heading in the direction CEO Paul Galant envisioned when becoming the head of the terminal maker in October 2013.

San Francisco-based tea blending company T-We Tea's revenue grew 300% after switching to Vend's cloud-based iPad point of sale system from Square Register.

FIS' NYCE payments network has reached an agreement with MasterCard to use the card brand's technology for routing EMV debit payments.

On Track Innovations Ltd. has introduced a modular device it describes as a three-in-one payment solution.

Xapo says its Bitcoin debit card will start rolling out by the end of June, and it will be accepted anywhere by using the rails of a card network, interchange fees included.

Merchants seeking a court ruling that would cause the Federal Reserve Board to re-establish debit cap fees at a lower rate want more time to consider bringing the case to the Supreme Court.

Apple executives have started talking to high-end retailers to gauge their interest in a mobile payments service, the Apple news site 9to5Mac reports.

Business owners in Southeast Asia who use Bangkok Bank's payment services will be able to accept cards on the Discover Global Network, under an agreement with Discover's Diners Club International Ltd.

Orderbird says it is ready to migrate into new markets after adding 400 new customers for its iPad-based point of sale system in recent months and adding payments industry veterans to its supervisory board.

The payment processing company Total System Services Inc. has hired a new global chief procurement officer.