ISO & Agent

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.

Addressing the desire of small merchants that want a straightforward way to sell online, Square and Ecwid are partnering to synchronize sales and inventory between the physical and digital worlds.

European mobile point of sale company SumUp has brought its technology across the pond.

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

One of the top lieutenants in Silicon Valley is leaving the side of one high-profile Internet executive in Marissa Mayer to join another, Jack Dorsey.

With its IPO out of the way, First Data is accelerating its focus on merchant technology, and that means luring the developers who are rapidly changing how people shop and pay.

No wonder Jack Dorsey wants to keep running Square. Dorsey, the payment company's chief executive officer who also just took on the same role at Twitter, is the largest shareholder in Square by a wide margin, with 24.4 percent. The investment firm Khosla Ventures is the second-largest with 17.3 percent, according to Square's registration for an initial public offering filed Oct. 14.

The European mobile point of sale provider payworks plans to expand in the United Kingdom through the hiring of former Verifone executive Frank Landen.

When Square announced its payment processing deal with Starbucks three years ago, accompanied by a $25 million investment from Starbucks, it wasn't clear how the math would benefit the payment processor.

When Netflix announced that its new U.S. subscriber count had declined 10.2% year-over-year, it blamed the "ongoing transition to chip-based credit and debit cards." And the video-streaming company may not be the only victim of this phenomenon.

First Data Corp. raised $2.56 billion in its initial public offering, pricing the shares below the marketed range.

Square, the mobile-payments company founded and led by Twitter Chief Executive Officer Jack Dorsey, filed for an initial public offering.

Starbucks Corp. is adding video screens to the drive-thru lanes of 2,400 cafes in the U.S., an attempt to revamp a decades-old ordering system that has become central to how restaurant chains interact with customers.

Payment technology that comes with the EMV stamp of approval already in place may get a boost as a result of the bottleneck newer systems face in getting certified.

When Apple revealed that Starbucks plans to accept Apple Pay in its U.S. stores, the move spoke less to Apple's persuasiveness and more to the fallout of the country's ongoing shift to EMV security.

Apple Inc. is rolling out its mobile-payments service for select Starbucks Corp. stores by the end of the year, and will reach 7,500 company-owned stores in 2016, the coffee chain said in a statement. KFC stores and Chili’s Grill & Bar will make Apple Pay available in next year as well, Jennifer Bailey, the Apple vice president in charge of the service, said at the Code/Mobile conference Oct. 8.

Fifth Third Bank has formed a partnership with cloud-based payment and digital banking provider Bottomline Technologies to provide electronic payment services to the bank’s business customers.

When Cumberland Farms said this month that it had processed $1 billion worth of gas via its decoupled debit card over the course of nearly three years, it was the latest example of the power of the decoupled debit card. And yet, other than Target's RED card, decoupled debit has barely moved beyond the convenience and petroleum segment.

JetPay Payment Services has chosen debit technology and processing veteran Thomas Tesmer as its new chief operating officer.

Like everywhere else on the planet, African retailers are struggling with the mobile payment chicken-and-egg dilemma — how can they accept mobile payments if consumers aren't using the technology?