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Thirty-four percent of merchants interviewed late last year for an Aite Group research report on EMV readiness had never heard of the U.S. migration to EMV-chip payment cards, despite the fast-approaching October 2015 deadline set by the card networks.
February 9 -
The flood of mobile-centric point of sale (POS) offering provides many options for retailers, but there's still a long road ahead to adoption on the consumer side.
February 9
eGifter -
Amazon.com is a savvy and influential company in the e-commerce world, but its efforts in payments have been less consistent. It has significantly changed the way people redeem rewards and shop on third-party sites, but it has proven less successful in person-to-person payments and the mobile point of sale.
February 6
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The head of the Federal Communications Commission is pushing hard against charging fees for faster Internet access, a stance that's a relief to businesses like Dwolla that use the Internet to develop and deliver payment services.
February 6 -
CardFlight has updated its SwipeSimple mobile point of sale device, which allows merchants to take payments and manage their business from smartphones and tablets.
February 6 -
Discover, the only major U.S. card brand not connected to Apple Pay, is thus one of the few major credit card issuers not shoehorning Apple into its ads. But Discover has never been one to ignore a marketing opportunity.
February 6 -
Mobile wallets are typically designed to be most useful at the point of sale. Israeli location-based technology vendor WiseSec sees an opportunity to extend a mobile app's utility throughout the store by using beacons that can sense how far away a shopper is.
February 6 -
A federal judge has upheld a Texas law that bars the state's retailers from charging an additional fee to customers who pay with a credit card.
February 5 -
New disclosure rules from the Consumer Financial Protection Bureau don't go into effect until this summer, but lenders are already worried about compliance and fearing it may make the closing process far more difficult.
February 5 -
First Data is planning to launch a new suite of payment processing software in partnership with Capgemini, a financial consulting and outsourcing firm based in Paris.
February 5
