POS and Retail

Apple Pay isn't yet on phones, but many companies in the financial services industry have already changed their strategies to respond to it. Some are on board with Apple's new mobile wallet, but others are firmly against it.

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.

Mobile payment provider Flint is adding team accounts to support the move beyond its roots as a vendor to micro merchants.

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.

Square has raised $100 million in funding at a valuation of about $6 billion, according to Fortune, which attributed the news to market data source VCExperts.com

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.

If you can't beat them, join them — and join them fast. The other mobile wallets that already exist on Apple's ecosystem, such as LevelUp and Softcard (formerly Isis), are quickly working to integrate with Apple Pay and the iPhone 6 rather than try to defeat them.

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.

TransFirst Inc. has drawn interest from potential buyers including CVC Capital Partners Ltd. and Total System Services Inc., or TSYS, people familiar with the matter said.

Most ISOs don’t promote automated clearinghouse (ACH) payments to their merchants. In fact, if you asked a random salesperson in the payments industry to explain what an ACH payment is and how it works, you would most likely get an incorrect answer.

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

The unveiling of the next iPhone is imminent, and with it Apple is expected to announce plans for a mobile payment system with the support of the major card networks, retailers and banks. But what, exactly, would go into such a system?

Merchant acquirers and processors are looking at a far different payments landscape in light of recent and anticipated developments from the Merchant Customer Exchange, Apple, Amazon.com and other companies.

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.

Lavu Inc. is taking its iPad-based point-of-sale system from the restaurant dining room into the hotel lobby through Lavu Hospitality.

Amazon has hired Visa executive Nick Talwar as general manager of Amazon Lending, according to a report in ReCode.

First Data India is leveraging Roam's mobile platform to launch its own branded chip-and-PIN mobile card reader in the country.