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Table of Contents

Lead Story

Closing the door to backdoor breaches

News

Industry Update

Verizon study calls for improved PCI security

Marketplace Fairness Act to even score online, offline

Congressional payments caucus a positive for industry

CFPB takes on consumer lenders, card market

Transact 15 highlights global trends in payments

Features

Countering affiliate, aggregation fraud

Selling Prepaid

Innovation in gift card exchanges

Views

NACHA seeks seat at mobile payments tabl

Patti Murphy
ProScribes Inc

Mobilizing the sales force

What Sweden can teach us about the future of payments

Kirsty Tull
BillPro

Education

Street SmartsSM:
Let's share stories, grow our businesses together

Jeffrey I. Shavitz
Charge Card Systems

Exiting your business

Vicki M. Daughdrill
Small Business Resources LLC

Apple Pay & Samsung Pay Contrast

Differentiate and build trust to stand out

Jeff Fortney
Clearent LLC

Oral promises and ISO contracts

Adam Atlas
Attorney at Law

Company Profile

Field Guide Enterprises

New Products

All-in-One Mobile POS app

PayStand
PayStand

Remote device management for IoT era

SUSIAccess 3.0
AdvanPOS Technology Co., Ltd.

Inspiration

Let go or get dragged

Departments

Readers Speak

Resource Guide

Datebook

Skyscraper Ad

The Green Sheet Online Edition

April 13, 2015  •  Issue 15:04:01

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New Products

All-in-One Mobile POS app

Product: PayStand

PayStand, a startup based in Scotts Valley, Calif., added a mobile payments app to its Payments-as-a-Service platform in order to enable e-commerce and brick-and-mortar merchants to accept payment cards, checks and bitcoin payments. Merchants can use a single dashboard to manage an array of payments schemes without the need to track transactional rates, fees, and assessments, PayStand stated.

The all-in-one mPOS solution is available as a standalone iOS app or as a plug-in to speed the checkout process for existing PayStand merchants who pay a flat monthly subscription for electronic transaction processing.

A card reader that fits into an iPhone audio jack facilitates mag-stripe cards. The iPhone's camera can snap a picture of a paper check, directly debiting the customer's bank account. Bitcoin payments are processed using a unique quick response code that the consumer scans to route Bitcoin payments directly to the merchant's bitcoin wallet, the company noted.

Merchant-centric, ISO-friendly

PayStand, launched a year ago, said it has been steadily dropping its card processing rates as it grows its subscriber base, automatically passing savings to customers in a process it calls "rate sourcing."

"In the past it's been the big banks and credit card processors who have dictated fees, but by empowering merchants to join together, we're starting to turn the tables on the old system," said PayStand Chief Executive Officer Jeremy Almond. "We support merchants directly, and we also support ISOs and marketplaces at the enterprise level." He added that developers can use the PayStand application programming interface to white label the solution, and PayStand is working with ISOs on customized solutions, with near-term plans to create a formal reseller program.

PayStand's free app is currently available in the Apple App Store and the PayStand mag-stripe card reader is shipped upon request. Merchants must first create a PayStand account on their websites to accept payments with the app.

Website: www.paystand.com Contact: support@pastand.com

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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Spotlight Innovators:

North American Bancard | Harbortouch | USAePay | IRISCRM.COM | Humboldt Merchant Services