Square will not require retailers to buy a new version of its Square Stand point-of-sale hardware for next year’s U.S. transition to supporting EMV “chip and PIN” cards, the company said in a blog post on Wednesday (Aug. 20). Instead, a countertop version of the...
Lakewood, Ohio filed a lawsuit against National City Bank and its successor, PNC Bank. According to Cleveland.com, the suit alleges that the financial institutions owe more than $80,000 for “unpaid credit card rebates.” In 2005, Lakewood signed an agreement with National City Bank for employee credit...
How about some math this morning? The average cost to process a paper check is $1.85, and the average cost to produce it is $1.50. That means that managing paper-based payroll systems costs check-dependent businesses around $55 billion a year. Mark Putman, SVP of Prepaid...
London-based startup TransferWise is hoping to disrupt the business of international money transfers by actually transferring as little money as possible across borders, according to USA Today. For customers using the company’s service, money transfers appear to be sent from one country to another. But...
Mobile POS startup SumUp has pulled in more than $10 million in a Series C financing round, but is also shedding two of its founders, according to Finextra. The “double digit million dollar” round, which was led by Russian venture capital fund Life.Sreda, also included...
Take a well-thought-out prepaid program – and a data-backed understanding of its performance – and mix in strategies for increased customer engagement. What do you get? Just a few of the tactics that i2c follows in its efforts to fuel the global growth of prepaid...
Wayfair Inc. is gunning for $350 million in its upcoming IPO. Wayfair’s primary business is as an e-retailer for home furnishings, though it also operates several other e-commerce sites, including the membership-based Joss & Main. The company began its IPO process with a confidential filing...
Can Apple With NFC Ignite Mobile Payments? Well, we’re just about 3 weeks away now from Apple’s “big reveal.” September 9, 2014, is the date that Apple is expected to debut its new iPhone 6 and break its silence about all of the various consumer...
Heartland Payment Systems may not be turning over a new leaf, but it’s finished taking over an old one. Heartland has announced that it acquired 100 percent of mPOS tablet maker Leaf. Last year, Heartland bought a majority stake in Leaf for $20 million. It...
