Cannabis is the Fastest Growing Payments Segment in the U.S.

Eight states and the District of Columbia now allow the recreational use of marijuana, while another 28 states permit its use for medicinal purposes. In what has been touted as the fastest-growing industry in the U.S., investment opportunities in the cannabis space appear boundless. Companies are all employing a “no-touch” approach to their cannabis business…

Clearent PAI Acquisition Adds 17K Customers, a Telesales Team, and Strategic Partners

Clearent has completed its acquisition of Payment Alliance International’s (PAI) Merchant Services Division. The acquisition adds support and operations resources, a complementary telesales channel, strategic association partnerships, and increases Clearent’s processing volume by 40%. PAI’s Merchant Services Division is a provider of payment processing solutions for businesses, Independent Sales Organizations (ISOs), agents and associations, and…

i2c Lands First Data Executive as EVP of Client Services

CA-based i2c, a provider of smarter payments and integrated commerce solutions, has ankled Peg Johnson as executive vice president of Global Client Success to oversee global operations of its client services and customer success organizations. Ms. Johnson has over 20 years of experience running global service delivery teams in the payments industry, working with the…

First Data and ShopKeep Team for Clover POS

First Data and ShopKeep have expanded their partnership to First Data’s Clover platform. ShopKeep is a cloud-based technology solution that transforms an iPad into a smart, connected cash register. First Data will make ShopKeep’s POS software available through First Data’s vast distribution network including major bank partners, retail partners, and its network of independent sales…

Groovv mPOS Gizmo Hits the U.S. Payments Market

Total Merchant Services has unleashed Groovv mPOS, an omni-channel, mobile point of sale solution. The solution comes with a free EMV-compliant and NFC-enabled mobile payment device for in-person payments as well as an online payments suite enabling acceptance of “card not present” payments for phone, mail and online transactions. The Groovv mPOS handheld EMV/NFC payment…

Ford SYNC Applink Set to Literally Drive Future Mobile Payments

Ford Motor has inked deals with ExxonMobil, Samsung, DriverScore, Sygic and Dash Radio to enable consumers to pay for gas without leaving the car, project a navigation map from a smartphone to the in-car touch screen, and using a new app that could help lower vehicle insurance rates. Leveraging ExxonMobil’s Speedpass+, an automated payment system…