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« February 10, 2013 - February 16, 2013 | Main | February 24, 2013 - March 2, 2013 »

February 20, 2013

Square Announces Bundled Hardware Solution For Square Register

Square logo 140pxSquare now offers brick-and-mortar stores all the hardware they need to run their their business through Square Register.
With Business in a Box for Square Register, merchants can now simplify their countertop with an affordable and comprehensive package that includes two Square Readers, an iPad stand, a cash drawer, and an optional receipt printer. All work wirelessly with Square Register.

Hardware packages start at $299.

February 19, 2013

TSYS to Acquire NetSpend

Tsys logo 140pxTSYS announced that it will acquire NetSpend in an all cash transaction valued at approximately $1.4 billion.
“The NetSpend acquisition is truly a transformational event for TSYS and consumers alike. It enables us to meet our strategic goals of diversifying our business, being a more innovative payment solutions provider and expanding our role within an area of payments that is expected to grow at a 20% annual rate over the next four years. The acquisition also complements our already strong presence in the prepaid processing space,” said Philip W. Tomlinson, chairman of the board and chief executive officer, TSYS.

NetSpend’s extensive distribution network provides consumers the ability to purchase prepaid debit cards at more than 62,000 distributing merchant locations.

February 18, 2013

PCI Security Standards Council Releases Mobile POS Guidance For Merchants

PCI Council logo 140pxThe PCI Security Standards Council (PCI SSC) announced that it has published the PCI Mobile Payment Acceptance Security Guidelines for Merchants as End-Users.
"When considering mobile payment acceptance, merchants need to go in with their eyes open. And that’s what the intent of this guidance is, to help merchants understand the risks so that together with developers and device vendors they can safely implement a solution that will enable mobile commerce to flourish."

The guidance goes hand-in-hand with recommendations the Council published in September 2012 for mobile app developers and device vendors on designing appropriate security controls that provide secure mobile payment acceptance solutions for merchants.

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