Retailers

The payments industry is quickly adapting to new technology, new regulations and new consumer demands. Here are 15 of the industry's major transformations already in progress.

Years ago, merchant services meant selling a terminal and writing the merchant account. It seemed easy, right? The problem is that some of us are still trapped there.

Square is committed to its diversification strategy, furthering its transformation from a simple mobile point of sale provider to a company that also handles small-business loans, marketing and e-commerce.

2014 was a big year for payments. Disruption came from within the financial services industry and from outsiders like Apple and Walmart. Mainstream payment companies had to respond to these new competitors as well as adapt to fresh attention from regulators and fraudsters.

The point of sale technology provider TouchBistro is partnering with Uber to provide free transportation service to restaurant patrons in Toronto.

When it comes to gift cards, consumer behavior comes into play at different stages of the purchasing process—specifically when deciding whether to get a gift card over another gift, and when deciding on what type of gift card to get.

For MasterCard's Mung Ki Woo, the future of payments is an app that unlocks new consumer habits by literally unlocking their doors.

While many mobile wallet companies look to complement credit and debit card acceptance, South Africa's SnapScan is focused on merchants who accept only cash.

Staples Inc., the largest U.S. office-supply retailer, said 1.16 million payment cards may have been affected in a series of data breaches that occurred from July into September.

Retail stores have spent years fighting competition from the Internet, and Verifone plans to prove that it's a fight the brick-and-mortar side can win.

LevelUp, a mobile payments provider known for its playful office culture — and a CEO who prefers to be called a chief ninja — may need to mature as its competition gets serious.

It’s clear that merchant acquirers and processors need to find a way to provide a fast, scalable and merchant-friendly certification path to EMV.

Global Payments Inc., based in Atlanta, Ga., has partnered with Bank of the Philippine Islands (BPI) on a joint payment service and merchant acquisition venture.

Paytronix Systems, a consumer rewards company, has signed an agreement with the payment technology company NCR Corp. to provide restaurant loyalty programs.

NCR's Silver point of sale system has integrated SCVNGR's LevelUp mobile wallet and customer loyalty app.

The mobile point of sale provider ShopKeep is releasing hardware that is compatible with Apple Pay's Near Field Communication payment system and EMV-chip cards.

If you have been in the payments business long enough, you have seen trends come and go.

After spending 2014 digging out of fiscal slump, Verifone is setting up for an aggressive product rollout in the year ahead as it recovery shifts into high gear.

The e-commerce provider Spindle has partnered with the payment processor TekTango to provide point of sale hardware with bundled payment processing services.

In the age of Apple Pay and other electronic payment options, physical gift cards still reign supreme, with most shoppers still preferring to give physical cards and most frequently select denominations between $25 and $50.