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.

Amazon Enters Mobile Payment Market With Local Register

  • Published in News Briefs has launched Amazon Local Register, a secure card reader and mobile app designed to allow local businesses to process digital transactions originating from a smartphone or tablet. Local Register will serve as a direct competitor to mobile payment processors PayPal and Square. Retail customers who sign up for the…

How To Stop Those Self-Checkout Thieves

Self-checkout is a marvel of technology that customers seem to love or hate.  Love, because it saves them time.  Hate, because it sometimes wastes their time because it “beeps” and no one is around to help them finish checking out. For the retailer or supermarket, self-checkout arouses a different sort of love-hate relationship.  Love, because it cuts labor costs and saves customers time.  Hate, because it sometimes “beeps” at the customer, thereby requiring more attendant hours resulting in less labor savings.

Goodwill Industries Investigates Possible Breach

Goodwill Industries is investigating a potential data breach that may be leaving customer and payment information vulnerable to cybercriminals. A total of 2,900 Goodwill stores could have been impacted by the breach. The nonprofit agency and thrift store chain is investigating whether credit card data has been stolen, according to…

Financial Services Alum Joins First Data As CIO

Payment technology and solution provider First Data has hired former Citigroup and Bank of America executive Christopher Augustin as Chief Information Officer (CIO). In his role, Augustin will lead software development and engineering processes, as well as application development.  Most recently, Augustin was CIO and Senior Business Advisor for Marked Private LLC, where he was responsible for designing and building the company’s private messaging and social networking web site. In addition to tenures at Javelin Capital Markets LLC and Salomon Brothers, Augustin served as CIO for several prominent financial institutions, including Citigroup, Bank of America and Merrill Lynch.

Independent Solutions Partners With NCR To Speed Self-Checkout

Independent Solutions, an Australian POS solution provider owned by Metcash, has partnered with NCR Corporation to extend NCR point-of-sale (POS) technology to independent retail customers. As part of the relationship, NCR will deploy more than 100 NCR self-checkout solutions and 150 POS systems to independent retailers across Australia. Independent Solutions…

Getting Your Displays And POS Right For The World Cup

The World Cup has well and truly kicked off and retailers are already benefitting from the international event as nations come together to support their home teams. As such, the event is the perfect opportunity to make the most of your retail space and boost takings as fans tune into one of the most talked about sporting events of the summer. estimated that the World Cup will generate nearly £1.3bn in sales for UK retailers, pubs and restaurants if England makes it through the second round. Retailers everywhere will be reaping the rewards from the event, so it’s worth taking a look around your shop floor to see if there’s anything more you can do to appeal to sport savvy shoppers on the lookout for a bargain.

Kings Games Gains PayPal As Payment Ally

Small businesses must address a series of challenges to succeed in today’s highly competitive industry. In addition to having a solid product assortment, they also must offer the same excellent browsing and buying experiences across all channels. While there are a variety of new, affordable technologies on the market to help small businesses keep pace with their larger counterparts, these investments can sometimes backfire. Take for example Kings Games, a gaming retailer with one store in Brooklyn, NY, and a growing e-Commerce business. Owner Alex Shvartsman implemented Square to accept mobile payments in store as well as process payments for online orders.

iPayment And VeriFone Create POS Solution For Small Businesses

Electronic payment solution providers VeriFone and iPayment have partnered to release iPayment POS, a tablet POS solution designed specifically for small businesses. The iOS app-based solution combines the VeriFone GlobalBay Merchant offering with iPayment proprietary solutions, providing small business owners with advanced capabilities and business insights to create a superior customer…

Vantiv To Acquire Mercury Payment Systems For $1.65 Billion

Vantiv, Inc., a provider of payment processing services and technology solutions for merchants and financial institutions, is acquiring Mercury Payment Systems, LLC for an $1.65 billion. The transaction is expected to close in Q2 2014. Strategically focused on strengthening its business within the merchant and financial institution markets, Vantiv anticipates that the Mercury acquisition will help expand its business and accelerate overall growth in the payment space.

3 Reasons To Move To Mobile POS: Small Businesses Can Compete In The Mobile Arena

Tech-savvy, empowered consumers have access to more information than ever before. With the simple tap of a smartphone or tablet, shoppers can instantly access a plethora of pricing and product information, empowering them to make the best decisions for their individual wants, needs and preferences. Undoubtedly, consumers are now in the driver’s seat. To capture shopper attention and dollars, retailers must meet and even exceed their expectations by delivering relevant and compelling experiences, especially in the store.

Target Appoints CIO, Boosts Security Measures

Target has appointed Bob DeRodes as its EVP and Chief Information Officer to lead the company’s IT transformation efforts. The mega retailer also announced the addition of security enhancements that will address issues coming to light following its 2013 data breach. As EVP/CIO, DeRodes will assume oversight of the Target…

Retailers And The Commerce Convergence

Will retailers shape (or be shaped) by the future of payments and commerce? This is a critical time for retail. Innovation in a variety of industries and technologies are converging to define the future of commerce. Somewhere at the intersection of retail, payments, financial services, mobility, location services, social media, marketing services, data and analytics is the answer to how consumers will shop and pay in the future.

Mobility And Loyalty: A Perfect Payment Match

Payment security has become a priority investment for many retailers. In light of the looming 2015 EMV deadline, many merchants are implementing EMV capabilities coinciding with POS upgrades or adding peripherals that accept contact and contactless payment. Because EMV implementations can be very costly, some merchants are putting off the investment. But as many as 30% of retailers, are planning to make a POS purchase decision within the next 12 months, according to IHL Group, which could translate to a sharp increase in EMV adoption.

Appeals Court Upholds Debit Card Interchange Fee Limit

The U.S. Court of Appeals upheld the Federal Reserve’s current rules for debit card interchange fees that require banks to charge retailers a limit of 21 cents for every transaction. The ruling overturned an earlier district court decision finalized in July 2013 that ordered the Federal Reserve to lower the fee cap. Retailers pay an interchange fee, also known as a “swipe fee,” to financial institutions whenever they accept debit cards as a payment option. These swipe fees add up over time, costing retailers billions in extra expenses. As a result, most merchants end up raising prices to cancel out swipe fees, which leaves consumers spending more on products they need to purchase. But swipe fees are not listed on card receipts, and consumers are not made aware of the costs. Small businesses tend to be hit hardest by the added cost, as the fixed price takes a bigger chunk out of their budget. The National Retail Federation (NRF) is one of many organizations showing disappointment in the swipe fee limit and is considering appealing the Court’s decision.
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