Point-of-sale

Electronic payments company PAX Technology has become the main supplier of point of sale terminals for Russia's Sberbank.

Electronic payments technology provider Verifone has entered into an agreement to buy Payment as a Service provider InterCard AG.

As more merchants and consumers adopt mobile payments, many cybersecurity experts warn a boost in mobile payment-related breaches will result, though in some cases providers are sacrificing vulnerability for easier use and more adoption.

Airbnb is integrating with American Express to enable cardholders to sign up for the short-term rental platform and using its services.

Seamless Distribution AB shares advanced after the Swedish payment-technology provider announced a plan split off its secure mobile-transactions business.

New mobile wallets like the Merchant Customer Exchange's CurrentC may find themselves in conflict with other high-tech mobile apps that came to market sooner.

The combination of location-based marketing and mobile wallets is relatively new territory for merchants and consumers, bringing these two parties so close together that they may start to overlap.

When Square created the market for mobile point of sale devices, Verifone got defensive. Today, with the rollout of its Engage platform, Verifone is going on the offense.

Stockholm-based Seamless is threading currency exchange into its QR code-based mobile payment platform SEQR.

October 1 marked the dawn of a new era in the U.S. payment card marketplace. While there are not yet rules from the card brands that demand all parties utilize EMV technology, the financial liability shift is a significant first step across a line in the sand that cannot be erased.