POS / Payments / EMV

Payment has become a challenging and complicated scenario for retailers. Mobile technology, NFC and EMV offer valuable opportunities, but at a cost. Together with payment processors, banks and technology providers, merchants must uncover the best solutions for their particular business. If it’s time for a POS upgrade, then mobile POS featuring a variety of payment options must be on the table. Access the latest trend updates, news, and case studies with this up-to-the-minute coverage.

Borderfree And Alipay Team To Bring American Brands To Chinese Consumers

Logistics solution provider Borderfree, a division of Pitney Bowes, has expanded its partnership with payment service provider Ant Financial to bring American fashion, sports apparel and lifestyle accessories brands to online shoppers in China in advance of the holiday season.

Borderfree’s program with Ant Financial’s Alipay provides the payment, logistics services and marketing support to help global brands and retailers connect with Chinese consumers. The partnership, which launched in 2014, will now enable Alipay’s registered users to purchase products online directly from retailers such as Aéropostale, Bloomingdale’s, Macy’s and Saks Fifth Avenue, using localized payments.


Lightspeed POS Acquires SEOshop To Launch Lightspeed eCom

Lightspeed POS has acquired European-based e-Commerce software platform SEOshop for an undisclosed sum. The platform will power the POS solution provider’s newly launched e-Commerce platform, Lightspeed eCom.

Lightspeed eCom is now shipping in Europe, with an initial preview available immediately in the U.S. and Canada. The full version of Lightspeed eCom, as well as an integration with Lightspeed Retail for U.S. customers, is expected to launch in Q1 2016.


Heartland Payment Names Sebes To Head Retail And Hospitality Unit

Christopher Sebes HeartlandPayment processor Heartland Payment Systems has named Christopher Sebes to head Heartland Commerce, a business group formed in February to help the company strengthen its position in the retail and hospitality point-of-sale markets.

In addition, Jeremy Grunzweig joins Heartland Commerce in the newly formed role of Senior Vice President for its retail division, where he will report to Sebes.


Lynch Oil Upgrades POS With Integrated EMV Compliant Solution

Pinnacle PalmPetroleum retailer Lynch Oil is upgrading its payment systems with an integrated, EMV-compatible point-of-sale solution from Pinnacle and payment processor Heartland Payment Systems.

The Heartland and Pinnacle Palm POS, which will be deployed at six Mr. Gas locations in southern Idaho, provides petroleum retailers with higher levels of protection against card-present data fraud, and will be capable of accepting EMV chip cards for both indoor and contact transactions.


Lucova Develops “Pay With Your Selfie” App For Checkout

Mobile commerce platform provider Lucova has partnered with Fresh Ideas Food Service Management and Heartland Payment Systems to integrate its Bluetooth low energy (BLE) technology into an app that provides users with the ability to make payments with a “selfie” photo.

Lucova and Fresh Ideas collaborated to roll out the FreshX mobile app in Southwestern College in Kansas. The app is designed to shorten student wait times upon checkout. Students on campus can access their meal cards, loyalty and rewards details within the app and purchase items at the checkout without pulling out their wallet or smartphone.


Z Gallerie Selects Full Suite Of Cloud-Based Aptos Solutions

Z Gallerie exteriorFashion-forward home brand Z Gallerie will deploy a full suite of cloud-based retail solutions from Aptos (formerly Epicor Retail Solutions). The end-to-end omnichannel solution, delivered in a Software as a Service (SaaS) model, provides Z Gallerie with strong CRM and e-Commerce functionality combined with solid financial reporting capabilities.

Z Gallerie will leverage a complete solution set that includes Aptos Store (for point of sale); Aptos Merchandising, Planning and Resourcing; Aptos Retail Analytics and Sales Audit; Aptos CRM and Clienteling; Aptos Digital Commerce; and Aptos Enterprise Order Management. The suite will enable the retailer to better understand customers' wants, needs and buying behavior, as well improve customer engagement and allow the company to expand its digital commerce footprint.


ACI Worldwide Acquires PAY.ON To Bolster Retailer Payments Service

acipayonACI Worldwide, a provider of electronic payment and banking solutions, has fully acquired e-Commerce payments provider PAY.ON in a combination of cash and stock. While the full financial terms of the transaction have not been disclosed, PAY.ON is now valued at approximately $200 million.

The PAY.ON payment gateway solution offers connectivity to more than 300 alternative payment methods and card acquirers in more than 160 countries. This global coverage is designed to help merchants and payment service providers (PSPs) to increase international revenues, reduce costs and risk, and accelerate market expansion.


Ecwid Integrates Square Payments Into E-Commerce Platform

1ecwidsquareEcwid, an e-Commerce platform designed to allow small businesses to build an online store on any web site, has collaborated with payments processor Square to offer brick-and-mortar retailers the ability to sell anywhere online and keep all channels in sync.

Merchants using Ecwid now can import their Square product catalog into their online store, automatically configure Square payments and manage end-to-end operations all in one place. When the retailer makes the sale either online or in-person, all product, inventory and order data will synchronize automatically.


Why Bitcoin Is Prepared To Transform The Travel Business

1bitnetThe travel industry is uniquely suited to harnessing the advantages of bitcoin, where the global nature of the decentralized digital currency can potentially provide new efficiencies, eliminating unneeded costs and friction currently faced when dealing with clashing payment networks during cross-border transactions.

From ATMs that can’t accept a card from a foreign payment network (or won’t without each bank involved taking a cut), to cross-border processing charges added to credit card fees, to the frightening risk of a fraud incident freezing access to your accounts while abroad, travelers have much to gain by leveraging the freedom from fees and fraud offered by bitcoin.


PayPal To Pay For U.S. Shoppers' Holiday Returns

Online payment service PayPal has rolled out PayPal Return Shipping on Us in the U.S. The program provides reimbursements for up to four returns of purchases consumers make and pay for using PayPal between now and Jan. 31, 2016.

The returns guarantee, which may steer more e-Commerce payment business toward PayPal, is already available in 40 other countries, including Australia, France, Italy and Spain.


America’s Thrift Stores Reports Data Security Breach

AmericasThriftAmerica’s Thrift Stores, an organization that operates donations-based thrift stores in the Southeastern U.S., revealed in an official statement that it has been the victim of a malware-driven data security breach. The breach targeted software used by a third-party service provider.

The statement, from Kenneth Sobaski, CEO of America’s Thrift Stores, indicated the breach enabled criminals from Eastern Europe to access some payment card numbers.


EMV Liability Shift Deadline Arrives. Are Retailers Ready?

NB EMV 092215October 1 has finally arrived, and retailers that have not updated their payment terminals to meet Europay, MasterCard and Visa (EMV) standards are now liable for some fraudulent payment activities — shifting the responsibility away from banks and credit card providers. Have retailers planned effectively and implemented the required new technologies in stores? Perhaps even more critically, are consumers equipped and informed about the new standards and payment procedures?

Retailers across all categories are spending close to $8 billion to complete the necessary upgrades that enable their point-of-sale (POS) terminals to accept EMV payments, according to the Retail Industry Leaders Association (RILA). The organization also expects that most large retailers will complete the POS upgrades this fall to accommodate the liability shift.


Lightspeed Raises $61 Million To Drive International And E-Commerce Expansion

Lightspeed, a POS platform for retailers and restaurants, has secured a $61 million funding round co-led by Canadian investors Caisse de depot et placement du Quebec (CDPQ) and Investissement Quebec (IQ), alongside existing investors Accel Partners and iNovia Capital. This brings Lightspeed’s total funding to date to $126 million.

The financing will support the company's global growth, technology infrastructure enhancements and deeper investment in its omnichannel offering.

Subscribe to this RSS feed