Enjoy complimentary access to top ideas and insights — selected by our editors. Want unlimited access to top ideas and insights? Subscribe Now
Welcome to the new PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web:
Square Register gets a new handle: Square is changing the name of Square Register to Square Point of Sale to reflect a broader set of services. Square Register was one of Square's early attempts to broaden its appeal to merchants beyond its signature mobile point of sale hardware. Originally designed to mimic an old school cash register along with Square's mobile acceptance, Square Register gradually added features and was paired with other products such as a cash drawer, printer and a stand to hold an iPad. A nod to the the current merchant acquiring environment in which companies are embedding payments in a broad range of services, Square Point of Sale will enable payments, sales tracking, customer and employee management, according to the company.
Jack Dorsey, chief executive officer of Square Inc., second right, tours the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 19, 2015. Square Inc. jumped more than 60 percent after the mobile payments company priced its initial public offering low enough to entice skeptics as well as bulls who are confident in its growth prospects. Photographer: Yana Paskova/Bloomberg *** Local Caption *** Jack Dorsey
Yana Paskova/Bloomberg
No cash registers equals a small staff: How many people will Amazon Go's store require if it doesn't need staff to take payments? As few as three and no more than ten, according to The New York Post. Amazon plans a two-story floorplan for new Go locations, which are expected to be the size of an average supermarket. The e-commerce giant envisions one employee will stock shelves, another will manage consumers, including cross sales, with other staff working at a drive through window or to help automatic grocery bagging machines. The Post also reports Amazon is considering requiring consumers to be Prime members to cut down on shoplifting.
Health and paychecks: As companies build new technology to add automation tohealth care and payroll, a pair of French startups are combining the two functions. TechCrunch reports PayFit, a digital paycheck company, and Alan, a web hosted health insurance company, are collaborating to offer their services from the same system. The integration is designed to allow human resource managers to centralize the two functions from a single sign on. Alan is one of the private insurance companies that supplement France's social security-driven national health care system.
NCR's Silver debuts in the U.K.: NCR's cloud-delivered point of sale system, Silver, has expanded to the United Kingdom, the company announcedWednesday. The service includes the NCR Silver core app, supporting mobile payments, sales reporting and marketing programs designed for small to medium sized businesses. Another service, NCR Silver Pro Restaurant is designed for food service merchants and includes staff and inventory management. NCR Silver debuted in the U.S. in 2012, and has a user base that includes mostly small and micro merchants, though some larger merchants such as Waffle House and marketing companies like LevelUp have adopted the system.
FBI Issues Warning Over Scam Targeting College Students www.yahoo.com College students and recent graduates should be wary of a new scam that involves getting a free fake check in the mail for office supplies for their new job. It's gotten so bad that the FBI has had to issue a warning....
More from PaymentsSource
Verifone's taxi payment strategy shifts gears The taxicab industry is facing disruption on two sides: Competition from ride-sharing apps like Uber and Lyft; and in-cab payment technology designed to bust the stubborn tradition of cabbies collecting cash payments.
California Pizza Kitchen adds mobile pay-at-table option Los Angeles-based California Pizza Kitchen (CPK) has upgraded its mobile app to consolidate payments and loyalty features, including the ability to order and pay at the table at the company’s 197 U.S. locations.
An appeals court's decision will make it harder for consumer-lending-focused fintechs to operate in Colorado. But the impact could eventually be felt more widely, according to both industry groups and consumer advocates.
As opportunities grow for private student lending, Sallie Mae has entered a multiyear "strategic partnership" with the world's largest private equity firm.
The Consumer Financial Protection Bureau, building on an executive order by President Trump, wants to eliminate the legal framework of "disparate impact" from its implementation of the Equal Credit Opportunity Act.
Acquisition talks fell through in the final hours, according to reports. Also: Visa launched another stablecoin pilot on Visa Direct; the Bank of England seeks input on stablecoin restrictions; and more in this week's global payments roundup.
The Treasury secretary highlighted the impacts the bond market has on affordability and previewed regulatory tweaks the administration is eyeing to keep yields stable and credit flowing.
