POS and Retail

It’ll be up to card not present payment processors to ease the path toward acceptance of cryptocurrencies for subscriptions, and it could be another five years or more before any of that comes to fruition, writes Georg Richter, founder and CEO of OceanX.

Even today, as mobile and e-commerce payment options flood the market, few companies are willing to do away with cash acceptance. But a handful of brands have launched cashless locations, taking a bold step into a future where cash is no longer king.

Companies like Amazon are increasing customer expectation, and traditional issuers could lose out if they don't respond, according to FIS' Sona Jepsen.

Advances in mobile technology have also permeated into other products, including point of sale hardware. With mobile point of sale devices being updated to include sophisticated software, there is more real-time capture of customer data in the store.

The best course of action would be seek a policy, or an endorsement to your policy, that specifically includes coverage for all PCI fee, according to Karin Scherner Aldama, a partner at Perkins Coie's Insurance Recovery Law Practice.

As owner of Whole Foods Market, Amazon is bringing one of its key strengths — swift product delivery — to its retail grocery store business.

Walmart Inc., pushing to challenge Amazon.com Inc. in e-commerce, has added more technology savvy to its board.

Employers have to find a way to keep associates productive and satisfied while this transition in payments experience is underway, writes Mike Zorn, vice president of Workplace Strategy at WorkJam.

"Ring-fencing" is designed to reduce risk, but will lead to major changes in transaction infrastructure and open a temporary door for fraudsters, according to Marcus Hughes, head of strategic business development at Bottomline Technologies.

Parents with children on youth sports teams have a lot to keep track of, not the least of which is payments for the fees associated with competitions.

Success with blockchain does not depend on new technology alone. It requires bringing together experts in people, process and technology to simplify complex processes and apply tested methods to the new technical landscape, writes Michael Goodman, senior director of data and analytics for NTT Data Services.

On-card biometrics is the final piece of the puzzle to bring trust and security to contactless payments without compromising convenience, writes Lina Andolf-Orup, global product marketing manager at Fingerprints.

Retailers used to be able to hold onto their physical presence as a differentiator against Amazon. In the past year, Amazon has taken even that advantage away.

Strong holiday spending was marked by active e-commerce spending, providing an impetus to invest in more digital payment technology.

The bank's commitment in the last couple of years to an "agile" environment of rapid testing and learning produced answers within a couple of months.

The announcement comes only a month after five other retailers dropped from Plenti. AT&T had dropped out of the program three months earlier as the first retailer to leave.

The card brand is navigating almost daily changes in the payments industry, resulting from company mergers and partnerships to advancing payments delivery and security.

The fintech revolution is now touching almost every market in the payments space. Some are still further ahead than others, so expect 2018 to be a year of consolidation in more mature sectors, but one of rapid change in those with some catching up to do, writes David Yohe, vice president of marketing at BillingTree.

Square Inc. shares climbed after Chief Executive Officer Jack Dorsey said the company is introducing Bitcoin trading for almost all users of its cash payments app, signaling support for the volatile cryptocurrency.

That’s because transaction-based loyalty programs that focus on discounting simply train customers to wait for coupons and incentives, writes Tom Caporaso, CEO of Clarus Commerce.