Square Introduces Simple Monthly Pricing Option

US mobile card payment pioneer Square debuts a new pricing option for small merchants. From now on Square offers small merchants (merchants that process less than $250,000 per year) a flat monthly rate, at $274/month, with no charge per swipe. Read more…

US Retailer Alliance MCX Announce Mobile Wallet

Leading US retailers announced a partnership and form the Merchant Customer Exchange (MCX), a new company that will offer a mobile wallet and mobile payment solution that will be accepted at its members retail locations. The initiative includes merchants such as: 7-Eleven, Inc., Best Buy, and Wal-Mart, among many others. Combined, these initial members account for approximately $1 trillion in annual sales. Read more…

Wirecard Debuts Mobile Card Reader Solution

Germany-based payment service provider Wirecard launched a white-label card reader solution for smartphones. According to the company the reader supports both the EMV standard as well as magnetic stripe based cards. Read more…