Point-of-sale

Citigroup will be the first major issuer to use Mastercard technology to give U.S. credit card holders the ability to instantly redeem points on eligible purchases online and through a mobile app.

Wirecard has introduced a new biometric payment approach enabling consumers to check out in stores by scanning their palms.

One of Target's high-profile payment outages this weekend stemmed from a problem at one of NCR's data centers, the big box retailer says.

Wirecard will supply all digital payment POS services for KaDeWe, a dominant department store operator in Wirecard’s home market of Germany, as part of an expanded relationship.

Target in the past 48 hours suffered a pair of unrelated point of sale outages that had at least one thing in common — they resulted in consumers scrambling for a contingency that would have been little problem as recently as four or five years ago.

Financing and payment technology provider Sunbit has received $26 million in a Series B funding round through Zeev Ventures and participants Group 11 and Chicago Ventures.

The key to capturing young consumers is flexibility and choice at the point of sale, says Michael Rouse, chief commercial officer at Klarna.

While major card issuers such as Chase and Wells Fargo roll out NFC-enabled credit and debit cards incrementally, Bank of America is taking a much more aggressive approach.

It's a multibillion-dollar industry in a state of payments-regulation limbo and as a result, the U.S. cannabis business has mainly operated on a cash basis.

ChargeAfter, a startup that matches retail customers with financing options at the point of sale from various lenders, has raised $8 million in its first major funding round.