Verifone Expands its Engage Family with New Advanced Multilane Payment Device

Verifone has pulled up the curtain on its sleekest, the most advanced and intuitive multilane payment device ever. Verifone designed the new M400 to enable this for its department store, specialty retailer, grocery store, hotel, quick service restaurants and convenience store clients. Verifone says multilane merchants need a platform capable of supporting their vision for…

Next Generation Payment Testing Solutions Optimizes Existing Legacy Testing Assets

Paragon Application Systems has inked a deal with RS Software India, a provider of digital payment technology solutions that builds payment infrastructure for countries all across the globe and helps businesses transition from legacy to modern e-payment systems. The alliance addresses the growing demand for testing solutions that provide better automation and more comprehensive code…

Wix Integrates with Square for mPay and ePay POS Options and Online Management

Wix, a major cloud-based web development platform with more than 97 million registered users worldwide, is integrating with Square to give Wix merchants and entrepreneurs in North America a new way to accept online and in-person credit card payments. Wix’s Square integration improves payment processing and allows both online and in-person payments, via mobile device…

Discover Card Portfolio Remains Solid – However Card Investments Edge Up

While not exploding, Discover’s (DFS) credit card portfolio continues to stay in positive territory. Year-on-year (YOY) growth in the third quarter (3Q/16) was limited to single digits, as delinquency edged upward. Discover’s total revenue rose 5.2% YOY to $2301 million for 3Q/16, compared to $2216 million in the prior quarter and $2188 million for the…

Processors AMS & BSR Ink Financing Deal as BSR Accelerates from ISO to FSP

Applied Merchant Systems (AMS) has expanded its senior credit facility with Goldman Sachs and Business Development Corporation of America through a Strategic Transaction with Blue Square Resolutions. Blue Square’s founder, Sabin Burrell, has become a significant shareholder; while also continuing to serve as CEO of BlueSquare. AMS now has 17,500 merchant accounts that contribute over…

Payments Software Leaders to Unveil the Latest POS Stuff at the NYC Big Show

Star Micronics is teaming up with seven top payments related software partners at National Retail Federation (NRF) Big Show to show-off their latest cool payments products. Partners include: Star Cloud Services, Itemize, Dôr, MoZONE, Thirdshelf, nClose and e-Nabler. Star Micronics has designated a portfolio of printing, secure cash management, and customer engagement solutions for any…

Rakuten eCommerce Adds Diners Club and JCB Credit Cards via Wirecard

Germany’s Rakuten Deutschland, the eponymous e-commerce platform, is gearing-up to add new payment methods via Wirecard. Rakuten Deutschland is a subsidiary of the Japanese platform Rakuten and is a shop software for merchants and a marketplace for end customers in a single solution which also handles payment processing. More than 7,000 suppliers currently use the…

Visa Sets U.S. PDV YOY Record as GAC/CIF YOY Hovers Near 10%

Visa’s U.S. payment card (credit+debit) purchase dollar volume (PDV), for the third quarter (3Q/16), logged its highest year-on-year (YOY) gain in more than three year. Even though the big Visa issuers struggle with stagnant growth in accounts (GAC) and cards-in-force (CIF), Visa continues to hover near double-digits YOY. Visa’s U.S. gross dollar volume (GDV) increased…