ISO & Agent

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.

Square Inc. is aiming for a valuation of as much as $4.2 billion in its initial public offering, well short of the $6 billion the mobile-payments service sought in its latest funding round.

Point-of-sale payment provider payworks has released a white-label software development kit (SDK) that outside parties can use to develop mobile point of sale services.

Unlike Rite Aid and CVS pharmacies, which cut off contactless Near Field Communication (NFC) payments when Apple Pay launched in October of 2014, Walgreens never bucked the Apple Pay trend and did not take long to start accepting transactions from Apple's mobile pay service.

Payments technology provider linked2pay has added remote deposit check capture to is Bank Centric Payments platform for resellers and independent sales organizations.

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

MasterCard has named Craig Vosburg president of North America markets.

Nearly two-thirds of small businesses create a formal plan for growth. But ISOs aren't always privy to the details.

To improve its commerce and restaurant management offerings, Heartland Payment Systems has acquired Digital Dining, a provider of software that enables handheld point of sale devices to interact with conventional fixed terminals.

American Express Co. and merchants fighting the company over rules governing credit-card fees are headed back to the negotiating table.

MasterCard is talking to Merchant Customer Exchange executives about what role the card brand could play in the retailers' CurrentC mobile wallet, but the card brand insists it is just an interested observer in the merchant mobile wallet venture.

PayPal has long desired to be a force in brick-and-mortar payments, a strategy that's more vital than ever as the newly independent company pursues a course that distances it from its former owner, eBay.

American Express Co., bracing for a decline in profit after the loss of a key retail partner, made a series of organizational changes including combining U.S. and international units and said that consumer product head Josh Silverman is leaving the firm.

The alliance between JPMorgan Chase and the Merchant Customer Exchange represents more than an olive branch between two industries that have typically been at war over fee revenue — it's a result of a years-long transformation in how Chase approaches its relationships with the retail sector.

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.

Most mobile wallets clearly favor one industry over another, with banks and retailers often pitted against each other in a battle over payment card fees. JPMorgan Chase just made a stunning move by conceding some of this ground to the benefit of the Merchant Customer Exchange.

Bluetooth beacons are gradually appearing in more stores, and some experts predict their use will grow more rapidly once the devices establish a strong link to payments and other vital retail systems.

Starbucks Corp. said JPMorgan Chase & Co. will process transactions previously handled by Square Inc. as the coffee company rolls out terminals that accept chip-based cards.

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.