Point-of-sale

Card-not-present (CNP) fraud is generating quite a bit of chatter in financial and payments circles today. Much of the talk centers on the link between greater global use of the EMV standard and rising CNP fraud.

The payment terminal maker VeriFone announced the nomination of Jonathan I. Schwartz to its board of directors and that two of its current board members, Leslie Denend and Jeff Stiefler, will not stand for reelection.

India's merchants are beginning to embrace mobile card readers, fueled by the nation's growing dependence on payment cards and smartphones.

Security can be difficult to improve at gas stations because payment hardware is built into the pumps, making it costly and difficult to upgrade. First Data and VeriFone are teaming up to overcome this challenge.

Bringing a point of sale terminal to market isn't as easy as it used to be. Since the introduction of contactless and mobile payment tech, the number of tests a manufacturer must pass for certification is "unbelievable," executives at U.K.-based Spire Payments say.

For a technology still in the midst of evolving, mobile payments attract an overwhelming amount of interest. Competition between payment systems is intense — as the Wall Street Journal recently noted, AngelList’s mobile payments startup roster includes more than 640 players.

Viableware has added the ability for full-service restaurants to accept EMV-chip cards with its handheld card reader, Rail.

The U.S. is roughly two years into its migration to chip payments, but in the last few months I have seen the tide turn and this migration start to really pick up speed. But before I talk about where we are now, it’s important to understand where we have been and how we have arrived here.

Biometric authentication company NXT-ID will soon roll out a wallet that is designed to digitally store payment cards without a mobile phone.

Starbucks may soon make the tools behind its successful m-commerce strategy available to other retailers.

To improve the chances that consumers will value a particular issuer's card out of the many in their wallets, that issuer must use all of the data at its disposal to make the card experience personal, bankers say.

Facebook knows that if it misuses consumer data, it will scare its users off. But the social network also knows that by keeping consumers aware of what it is doing and giving them a chance to opt out, it can fundamentally change the way advertisers such as card issuers do business.

PayPal and the mobile technology provider QikServe are working to enable U.K. hospitality businesses to accept orders and payments through the PayPal smartphone app.

Most financial institutions and issuers of debit and credit cards, as well as merchant branded private label payment schemes, miss three key areas of due diligence in their return on investment (ROI) analysis of card-linked offers (CLO) programs: Incremental merchant results (Performance), Consumer offer targeting (Relevancy) and Merchant offers (Content).

Quick Fuel, a provider of fueling solutions for commercial fleets and other U.S. businesses, has partnered with payments processor Comdata in an attempt to speed fueling and boost security.

Chip-testing provider Fime America has developed an EMV chip migration consulting package designed for the U.S. payments industry, which is migrating to the EMV standards.

Apple is interviewing payments industry executives, according to the technology news site Recode, suggesting the computing giant is getting closer to launching a payments operation.

Rockville Centre, N.Y., is bringing back Parkeon's parking meters after a pilot last year, but is removing a feature that provides consumers with coupons to local merchants.

Payment technology provider Merchant Warehouse has agreed to market services from the hospitality mobile payments vendor TabbedOut.

The restaurant chain Buffalo Wild Wings will use the NCR Aloha Online Ordering system in its 1,000 company-owned and franchised locations in an effort to improve its takeout ordering business.