Since the holidays, merchant groups have fulminated against credit card issuers and networks, admonishing them in the name of consumers for interchange fee structures. The merchants call for interchange reform, even if it must come from legislators. Few on either side of the argument have looked to terminal vendors for relief. However hardware hawkers such as VeriFone, Blue Bamboo, Hypercom and Ingenico offer reduced interchange costs and consumer security through their mobile credit and debit card processing terminals. Merchants adopting these devices often expect incremental sales and/or interchange savings to reach 20%. And as their competitors invest in wireless transaction hardware, they frequently say they need the same to remain marketplace contenders in consumers' eyes.
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