The Green Sheet Online Edition
August 25, 2025 • 25:08:02
News Briefs
Toast ups the ante with new handheld POS <- click to read full story
Toast launched the Toast Go 3, a rugged next-gen handheld POS built for hospitality environments extending beyond fixed Wi-Fi, such as patios, curbside and festivals.
Lighter and longer lasting than its predecessor, it features built-in cellular connectivity, over 24 hours of battery life, integrated ticket printing, and ToastIQ tools like upsell prompts, shift dashboards and guest-specific recommendations.
Toast positions the device as a hospitality-first tool designed to increase revenue and service efficiency.
are also refining their models: Shift4 highlights stronger unit economics and vertical diversity; Clover appeals to smaller or fine-dining operators with flexible hardware and pricing; Square attracts mobile-first businesses like food trucks; and Upserve/Lightspeed differentiates with analytics and loyalty tools.
Fiserv in the hot seat <- click to read full story
Fiserv and several former executives are facing a class action lawsuit filed in New York federal court by the City of Hollywood Police Officers' Retirement System and others, alleging the company misled investors by inflating growth numbers for its Clover POS platform. The complaint claims that between late 2023 and mid-2024, Fiserv forcibly migrated as many as 200,000 merchants from its older Payeezy system to Clover, boosting revenue and gross payment volume while representing the growth as organic.
Plaintiffs argue this created a misleading picture of Clover's sustainability, particularly after Fiserv projected continued expansion driven largely by new merchant sign-ups. When growth slowed in 2025, stock value declined, causing investor losses.
Fiserv said it will vigorously defend itself.
PayPal moves to mainstream crypto payments <- click to read full story
PayPal is launching Pay with Crypto, a cross-border payment solution designed to reduce costs and simplify international commerce.
The platform supports more than 100 cryptocurrencies and wallets, including Coinbase, MetaMask and Binance, while offering instant conversion to stablecoins or fiat currency.
With a transaction fee of 0.99 percent, PayPal claims merchants can cut cross-border payment costs by up to 90 percent compared to traditional credit card fees. Merchants can also hold proceeds in PayPal's stablecoin PYUSD, earning 4 percent rewards. Positioned as part of PayPal's broader crypto strategy, the rollout builds on partnerships such as its June 2025 agreement with Fiserv and the July launch of PayPal World. The company said Pay with Crypto unlocks global growth opportunities.
New U.S. Payments Forum resources aim to strengthen mobile, contactless security <- click to read full story
The U.S. Payments Forum introduced two new resources to strengthen digital payment security.
The white paper Leading Practices for Securing Mobile and Contactless Payments offers actionable guidance on tokenization, biometrics, secure provisioning, fraud management and account takeover prevention.
In addition, the forum released a series of EMV 3-D Secure Resource Briefs, highlighting benefits, use cases and adoption challenges of the authentication protocol for card-not-present transactions.
Developed by cross-industry committees, these resources aim to equip issuers, merchants, processors and acquirers with practical tools to mitigate fraud.
They build on the forum's broader mission under the Secure Technology Alliance to advance collaboration, education and secure payment technology adoption.
Merchants win latest skirmish over debit interchange <- click to read full story
A federal judge's ruling in North Dakota may force the Federal Reserve Board to restart its work on capping debit card interchange fees.
Justice Daniel M. Trayner determined the Fed misapplied the Durbin Amendment when it set Regulation II's cap at 21 cents plus 5 basis points and fraud-prevention costs, ruling the cap should be much lower.
The case, brought by truck stop operator Corner Post, was allowed after the Supreme Court decided the statute of limitations began only when the business was harmed. Trayner faulted the Fed for including prohibited costs such as network fees and fraud losses, stressing Congress did not grant unlimited discretion.
Merchant groups welcomed the decision; banks warned it could undermine payment system investments. The Fed is expected to appeal. 
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