POS and Retail

MoonClerk is a new company that's targeting a distinct segment of the payments technology market—the startups and small businesses that want to build a Web payment acceptance engine, but don't have the right tech expertise in-house.

In the four months since buses in London began accepting contactless payments, more than 1 million trips have been paid for with the technology.

Mobile payment provider Payleven is adding two new features to lure larger businesses—the ability to manage multiple chip-and-PIN card readers from a single master account and support for both mobile and stationary printer systems.

The retailer-driven Merchant Customer Exchange mobile payments venture is making a lot of noise, though it has yet to reveal its product. But since the final MCX app will interact with those made by its individual retailers, CVS Caremark Corp. can serve as an early example of the venture's potential.

FamZoo says its bundled prepaid cards and online dashboard work as teaching tools, which can bridge a knowledge gap about payments and budgets, particularly among young people.

The CEO of SignaPay, an Irving, Texas-based acquirer with 14,000 merchants, says he's again taking an active role in the day-to-day business of moving the company forward.

As the Merchant Customer Exchange asserts its position in the mobile wallet market, it emphasizes that the path to a consumer’s physical wallet runs through retailers.

Mobile payment technology at restaurants is gaining favor with wait staff, who find shedding paper leads to quicker orders, faster service and higher gratuities.

San Francisco, Calif.-based startup Balanced says it is gaining traction with online marketplaces, the eBay-like venues where small merchants gather to sell products and services online.

There will be significant growth in mobile payments over the next five years, Javelin Strategy & Research predicts, but most people still don't make payments with their mobile phones today.

The United States has long resisted adopting the EMV smart-card standard to replace magnetic-stripe credit and debit cards. But the card networks report success in the years-long push to modernize plastic payments.

Milan-based mobile point-of-sale startup Jusp has secured $6 million in an initial round of funding for its chip-and-PIN mobile card reader, which it plans to launch in Italy.

PXT Payments, which operates the mobile payments and rewards app "looped in," is partnering with Boston College-based startup Jebbit for a student-focused marketing program that combines mobile payments and gaming.

Seattle-based iKaaz LLC figures the best way to make contactless Near Field Communication payments truly mobile is to create a reader that turns mobile phones into point of sale terminals.

The Canadian government has hired BMO to provide integrated travel and expense management services, in partnership with MasterCard and corporate services provider HRG.

Signature Card Services, a Los Angeles-based independent sales organization, is making sure its sales agents and merchants understand the benefits of EMV chip cards.

Lawyers representing retail trade organizations in the class action over card swipe fees are preparing "a strong response" to allegations that they are misleading in how they urge their members to oppose the proposed settlement in the eight-year-long case.

The person VeriFone's board of directors chooses as its next CEO must move quickly to address the myriad challenges facing the point of sale terminal maker. But opportunities abound that make the company's revival a worthwhile undertaking.

Online merchants reacted to Visa's creation of 3D Secure to protect card-not-present transactions more than a decade ago with a resounding thud. But the software has become a viable option to protect card data online, according to a new report from Aite Group.

The organizers of a brand new Dallas-based acquiring and processing company called Anovia Payments plan to operate in 23 countries by the end of next year.