05 October 2015

Heartland buys mPOS outfit Leaf

15 August 2014  |  4652 views  |  0 Buy Road sign

Payment processing giant Heartland Payment Systems has acquired Leaf, a Boston-based mPOS start-up with its own purpose-built tablet. Financial terms of the deal were not disclosed.

Heartland paid $20 million for a majority stake in Leaf last September but has now bought the remaining minority interest.

Unlike its many rivals, such as Square, PayPal Here and the new Amazon offering, Leaf has eschewed plug-in dongles and instead built its own tablet, complete with a magnetic stripe card reader, NFC, EMV, and cameras, making it capable of accepting payments via traditional cards, newer methods such as PayPal and LevelUp, and mobile wallets.

Heartland says that Leaf will operate as a separate business unit under CEO Sarah McCrary, and will be payments agnostic, working with the majority of domestic processors.

Robert Carr, CEO, Heartland, says: "Leaf has accomplished a lot with the purpose-built POS tablet and commitment to empower a merchant's choice of service provider; Heartland clearly sees the potential in Leaf's longer-term vision to provide an open marketplace of business services for small and medium enterprises."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

13 August, 2014
30 July, 2014
12 May, 2014
01 October, 2013
20 May, 2010
04 January, 2010
21 January, 2009

Related company news


Top topics

Most viewed Most shared
More global banks back blockchain collabor...
10520 views comments | 57 tweets | 49 linkedin
Banks face choice to collaborate or compet...
7908 views comments | 41 tweets | 46 linkedin
Iran joins fintech revolution
7826 views comments | 20 tweets | 5 linkedin
Worldpay trials facial recognition technol...
6088 views comments | 22 tweets | 38 linkedin
BNP Paribas to pilot cards with dynamic CV...
6013 views comments | 31 tweets | 36 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job