Square has been replaced at Starbucks. Going forward, JPMorgan Chase (JPMC) will do the payments processing for America’s favorite coffee hub through its Chase Commerce Solutions division. That will include all non-mobile payments and also entail the upgrade of all of Starbuck’s POS terminals to...
There are a variety of visions for what the bank of the future should be — a coffee shop, a digital destination accessible mainly from a smartphone — but for the good folks over at Number26, the bank of the future basically isn’t a bank...
Marty McFly, from the legendary 1985 movie “Back to the Future,” clearly missed the future of the point of sale. The day after the mythical day that McFly traveled “back to the future” – Oct. 21, 2015 – Verifone launched what it describes as the future...
There is almost nothing in life worse than having to publicly deliver on high expectations. A situation that the good people at First Data (FDC) learned rather directly last week. Before the opening bell was rung, some speculated that First Data’s IPO would attract enough...
As the good people at Morton Salt first said in 1911, “when it rains, it pours.” And last week that rain came in the form of IPOs, with big updates from Square, big news for the widely coveted Worldpay and something of a big letdown for...
Whole Foods announced this week that it will be pairing up with Infor to completely redesign and upgrade its ERP systems — a move that is actually a whole lot bigger than making sure its backend runs better. It’s using its logistics system to better...
While pay cards certainly offer a myriad of advantages over cash, there is one thing that can now be said for good old-fashioned greenbacks that can no longer be said about cards: Cash never forced a plane to land. And in fairness to cards, a pay card...
Mobile point-of-sale technology maker CardFlight has announced $4.2 million in new Series A funding. The round was co-led by an investor group assembled by Dan Henry and MATH Venture Partners. Henry was CEO of NetSpend from 2008 to 2014 and is known as a serial entrepreneur....
Well-known and highly valued payments startup Stripe (last valuation clocked in at $5 billion) has appointed its first-ever CFO. Will Gaybrick will be signing on with Stripe, despite the fact that his background in software engineering makes him something of a surprise for this role. CEO...
