logo
Everyware Integrates Visa Acceptance Devices Into the Payment Platform

Everyware Integrates Visa Acceptance Devices Into the Payment Platform

AUSTIN, TX - April 22, 2025 ( NEWMEDIAWIRE ) - Everyware, a leading provider of payment and customer engagement solutions, today announced the launch of their integration to Visa's innovative Acceptance Devices and Point-of-Sale (POS) solutions on Cybersource, a Visa Acceptance Solution. This next-generation offering simplifies and enhances in-person payment experiences for businesses of all sizes.
Leveraging the Cybersource Platform, Acceptance Devices enable businesses to seamlessly integrate secure payment acceptance into their existing POS system, while providing access to advanced features such as Network Tokenization. This technology allows merchants to unify sales channels and gain comprehensive insights into customer interactions across multiple touchpoints.
'Our collaboration with Visa represents a significant step forward in delivering smarter, more integrated payment solutions,' said Austin Talley, Founder & CEO at Everyware. 'With Acceptance Devices being added to our offering, businesses gain access to a fully integrated, secure, and scalable payment platform designed to simplify operations and enhance customer experiences.'
Next-Generation Payment Devices for Every Business
Everyware's implementation of Acceptance Devices is designed for rapid deployment with pre-certified, pre-integrated card readers that accommodate diverse in-person payment scenarios.
Acceptance Devices can be deployed flexibly in semi-integrated, all-in-one, or standalone configurations, allowing businesses to select the mode that best aligns with their operational needs.
Simplified Management and Remote Updates
Beyond payment acceptance, Everyware streamlines business management through remote software and configuration updates. The centralized management tool allows businesses to easily monitor payment activities, manage terminal fleets, and implement seamless software updates all through a single, intuitive dashboard.
The ready to deploy next-generation Visa Acceptance Devices product comes with pre-certified, pre-integrated card readers and a Tap to Phone solution for various environments, such as countertop, mobile, portable, and unattended. This product in addition to a connection to Visa Platform Connect makes it easy for businesses to accept payments across multiple channels and regions using a single connection, providing streamlined access to over 250 acquirers globally. Powered by Visa value-added services, Everyware's implementation of Visa Acceptance Devices solution provides businesses with a robust way to modernize their payments infrastructure.
For more information about Everyware's payment solutions, visit Everyware.com.
Or check out our LinkedIn profile.
About Everyware
Everyware is a leading provider of innovative payment and customer engagement solutions, enabling businesses to seamlessly accept and manage payments across multiple channels. With a focus on security, innovation, and exceptional user experience, Everyware equips merchants with cutting-edge technology designed to enhance customer interactions and streamline operational efficiency.
Contact:
Karen Voci
703-966-8933
[email protected]

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Visa picks value-added services head
Visa picks value-added services head

Yahoo

timea day ago

  • Yahoo

Visa picks value-added services head

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Visa has named Andrew Torre as president of value-added services, according to a Tuesday press release. Torre will replace Antony Cahill, who the company last month named regional president and CEO of Visa's European operations. In his new position, effective immediately, Torre will be tasked with designing, developing and implementing the company's range of value-added services and products. He will report to Visa CEO Ryan McInerney and become part of the company's international leadership team, the release said. The San Francisco-based card network has begun an internal search for Torre's replacement and aims to appoint a successor soon, according to the announcement. Visa's leadership shuffle comes as the card behemoth positions itself for global growth. While giving an investor presentation in February, McInerney touted potential growth opportunities for its commercial card and value-added services. The value-added services business logged annualized revenue growth of 20% in the years since 2021, ballooning into a $9 billion global business, according to the release announcing Torre's appointment. Those services include card acceptance, issuance and fraud prevention software tools as well as advisory services, among other offerings. Value-added services contributed roughly 52% of Visa's overall revenue growth in fiscal year 2024, according to a Tuesday report from Bank of America Securities analysts. Through its acquisitions over the past few years — including purchases of core banking and software company Pismo and cybersecurity firm Featurespace — Visa has expanded those services, the analysts pointed out. Since he arrived at Visa in 2002, Torre has held various global roles in product, strategy and pricing, according to the press release. Most recently, he was the company's regional president for Central Eastern Europe, the Middle East and Africa, and worked previously in sub-Saharan Africa and Russia as well, according to his LinkedIn profile. He will now be based in San Francisco. Cahill moved into his new post to replace Charlotte Hogg, who left 'to pursue a new external opportunity,' the company said in a May 27 press release. The plan was for Cahill to transition to his new role based in London this month. Prior to joining Visa's value-added services group in January 2023, he was a banking executive for National Australia Bank and ANZ for about 20 years. As Visa plots its global expansion plans, the card network is facing a significant obstacle: tariffs proposed by President Donald Trump. The company has recently seen a slowdown in air travel and lodging spending, Visa executives said during their quarterly earnings call with analysts last month. Despite the economic uncertainty stemming from the looming trade war, Visa executives asserted consumer spending remains stable. 'Consumer spending has been resilient and strong, but there's much uncertainty,' McInerney said during that April 29 earnings webcast. Recommended Reading Visa lays out blueprint for global growth Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Circle IPO shows investors want in on stablecoins
Circle IPO shows investors want in on stablecoins

Axios

time2 days ago

  • Axios

Circle IPO shows investors want in on stablecoins

Circle shares surged Thursday following an IPO valuing the company at almost $7 billion, showing that investors have an appetite to get exposure to the nascent stablecoin economy. Why it matters: The bet is that stablecoins will only get bigger once the U.S. properly gives a green light to issuers. By the numbers: It's tough to argue with stablecoins' results. Ark Invest estimates that the total value transacted through stablecoins was higher than Visa in 2024, though the lion's share of that is in trading pairs on crypto exchanges. New research from Artemis Anyalytics shows that stablecoins are on track to facilitate tens of billions in volume for real world payments this year too. Is that tiny compared to global payments? Yes. Is it bigger than anyone thought this sector would ever get only a few years ago? Also, yes. Between the lines: Investors have had a way to get some exposure to Circle's stablecoin, USDC, for years, because much of Circle's revenue gets sent to another publicly traded crypto company: Coinbase, the American crypto exchange, which Circle partnered with to launch the stablecoin in 2018. Coinbase gets half of Circle's main source of revenue, interest earned on reserves backing USDC. In fact, that represented 15% of Coinbase's $2 billion in Q1 revenue. Coinbase, incidentally, raised just slightly more than Circle in its 2021 IPO. Zoom out: Elsewhere, other nations are digitizing their currencies. The U.S. is unlikely to do that any time soon. Our thought bubble: Circle 's USDC is the second-largest stablecoin in the world after Tether's USDT, which has a market cap of $153 billion — but Tether isn't really Circle's most important competitor. Circle wants its stablecoin to be the conduit for big institutional money around the world. Tether does not. But with banks talking about stablecoin consortiums in both the U.S. and in Europe, USDC's direct competitor will likely be the giants of traditional finance. Yes, but: Circle is out ahead of them. Amidst its IPO, it announced the Circle Payment Network, a regulatory fence around the stablecoin economy that should make traditional players much more comfortable with these new instruments. So even if its token, USDC, drops further back in the pack, Circle itself has made a strategic early move to make itself a crucial infrastructure provider to the stablecoin industry. The latest: Circle shares were trading up over 160% from their IPO price with less than an hour left of trading Thursday.

Why do some stores have credit card minimums?
Why do some stores have credit card minimums?

Yahoo

time2 days ago

  • Yahoo

Why do some stores have credit card minimums?

When a merchant accepts credit card payments, it pays an interchange fee charged by the credit card company to process each card transaction. Interchange fees can chip away at a merchant's bottom line, with small purchases resulting in a loss in profit if paid for with a card. Merchants can legally impose a minimum credit card purchase requirement of no more than $10 to help offset interchange fee costs. Have you ever pulled out a credit card to pay for a purchase, only to find out the store has a credit card minimum you haven't quite met yet? If so, then you've also likely asked yourself why there's a credit card minimum at all. Although a minimum charge can be annoying or downright inconvenient for the consumer, the merchant has financial reasons for enforcing one. If a merchant accepts credit card payments, then it relies on a card network like Visa, Mastercard, Discover or American Express (or even a combination) to process credit card transactions. And these networks charge interchange fees — or 'swipe' fees — every time a customer pays with a card. Because the merchant can't avoid these fees, it's likely to set a purchase minimum to offset that cost, which is likely the driving factor behind the minimum purchase requirement, so it means setting a purchase minimum to help offset the cost. Yes, minimum credit card purchase requirements are legal. However, there are requirements a merchant must follow, and the minimum can't be a random amount that the merchant decides on a whim. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 spells out the minimum purchase requirements that merchants can ask of consumers using a credit card for payment. Specifically, merchants have the option of setting a $10 minimum purchase requirement with credit cards to help offset the cost of burdensome processing fees. However, $10 is the maximum amount the merchant can require for a minimum purchase. And this minimum applies only to credit card payments, and not debit cards. It's illegal for a merchant to impose a minimum purchase amount for debit card purchases. It also states that if the merchant chooses to impose a $10 minimum purchase requirement for credit card purchases, then it must do it for all credit card companies. In other words, a merchant can't pick a minimum only for American Express customers and not enforce it for Visa and Mastercard purchases. A $10 minimum purchase amount may sound confusing to a consumer — after all, a consumer doesn't typically pay a fee for the convenience of using a credit card. As mentioned earlier, merchants pay an interchange fee for every credit card transaction. Interchange fees vary, but they make up the majority of the total credit card processing fees paid by a merchant. Credit card processing fees can be 1.5 percent to 3.5 percent per transaction, depending on the purchase amount, which is taken directly out of the merchant's revenue. If your credit card purchase is under the $10 threshold, then the interchange fee may not only eat away at the merchant's profit margin, but in some cases also cost the merchant more than the price of that item to sell it to you. Tapping or swiping your credit card for a purchase is second nature to the everyday consumer, but there's quite a bit that happens in the background for the credit card transaction to take place. When you use a credit card to buy something at a terminal or with a merchant, the card requests and receives authorization from the credit card company to extend the amount of that purchase to you. At the same time, the credit card issuer runs checks to verify that your purchase isn't fraudulent activity. After the purchase is verified, the issuer processes the payment. The merchant's interchange fee covers the costs of processing all of those steps smoothly and without much disruption at checkout. How much of an impact can an interchange fee make on profit? Let's assume a couple owns a gas station and sells a candy bar for $2. They bought the candy bar wholesale for $1.50, expecting to make a 50-cent profit on your purchase. Now, let's say you use a credit card to buy that candy bar. On that $1.50 purchase, the interchange fee would total a 40-cent minimum for the merchant, resulting in only a 10-cent profit for the store owners. It means the difference between a 25 percent profit on that candy bar and a low 5 percent profit with a credit card. While interchange fees do eat into a merchant's profits, store owners must carefully balance the amount of money they'd stand to lose out on if they prohibit customers from paying with a card. With the use of credit cards for transactions continuing to rise in the U.S., it's understandable that they'd want to impose a minimum purchase requirement to cut down on interchange fee costs. There's no way for a merchant to avoid paying interchange fees if they accept credit card payments from their customers. It's a fee they must factor into the bottom line, weighing how to sell an item while minimizing the money lost to interchange fees. As a consumer, however, you have options for avoiding the minimum purchase requirements, including: Add items to your purchase. Purchase as many items as you can in one transaction, so that you can meet the minimum purchase threshold. Pay in cash. You can avoid the minimum requirement for a credit card by instead digging into your wallet for cash. Shop somewhere else. If meeting a minimum requirement or paying in cash doesn't sound appealing, you can take your business elsewhere to a shop that doesn't impose minimums. (Though don't let it fully get in the way of supporting your local small businesses!) A merchant must pay an interchange fee every time it accepts a credit card for a transaction. These fees can add up for a merchant, quickly eating into profit margins and even making smaller transactions unprofitable. Merchants are legally allowed to impose a $10 minimum purchase requirement for credit card purchases to help combat these fees. But that's the maximum amount, and they must apply it across the board to all credit card transactions. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store