POS and Retail

In a move that will certainly cause friction across the card payments industry, Amazon announced a new service called Amazon Prime Reload, which incentivizes newcomers to the program to load funds using a debit card or bank account with a 2% cash back on purchases.

Federal law established oversight of banks’ security measures, but the lack of similar requirements for retailers creates a blind spot in defending against hacks.

Fintech is full of payments technology ideas in search of a mission, and Wholesome Wave, whose mission is to improve low-income consumers’ nutrition, has searched for years to find a better way to reimburse its constituents for buying healthy food.

Hoping to convince e-commerce merchants to let Facebook target offers to customers, the social media giant is placing a strong emphasis on “dynamic ads” that include payment buttons.

ExxonMobil's contactless and mobile payment system, Speedpass, is well known as a way to help drivers accelerate the payment process after they fill up on gas. The system's latest updates focus less on the payment process and more on flexibility and rewards.

Given the breach epidemic, it's time for retailers to consider the security of the vendors that sell point of sale systems, according to RiskVision CEO Joe Fantuzzi.

The agency recently sent a letter to nine banks urging them to stop offering deferred interest cards, arguing that consumers are often unaware of the risks involved.

Amazon.com Inc.’s lending business is accelerating, highlighting one more way the online retailer is making money from e-commerce beyond simply selling products in its web store.

Fast-food and takeout restaurants would seem to be the most eager to adopt digital wallets like Masterpass, Visa Checkout and PayPal that have the potential to speed their customers along. So why aren't more of these wallets on the menu?

The ransomware attack caused fear across banks, retailers, health care and governments in May. But worse attacks may be on the horizon.

As payments get more complex, money laundering and other risks increase. Audits and advanced regulatory technology can help companies keep up, writes Performline CEO Alex Baydin.

Walmart is piloting a delivery program that leverages its store staff as delivery drivers in a decidedly manual response to the digital threat of Amazon.com. And it just might work.

Retailers can use the power of AI and predictive analytics to anticipate shoppers’ needs, writes Denise Purtzer, a vice president at FuturePay.

Merchant acquirers are racing to sell "integrated payments," or a one-stop shop for transaction processing and myriad other services that stores can tie to the point of sale. But small to medium sized businesses are not often the targets for these efforts.

Readers weigh in on the in-store branch model, how community banks hone their message, the difficulty cash-strapped consumers face in finding bank loans, and more.

Business are still reluctant to automate payments and billing, though that can hurt companies financially, writes Daniel Andrew, a vice president at Corecentric.

Advertising, marketing and payments are changing very quickly and traditional players will need to adapt quickly in order to survive, according to new data.

The acquirer of the failed Milwaukee bank passed on assuming control of 107 in-store locations, but drawing a sweeping conclusion about the state of in-store banking from one story is difficult.

In this market, Amazon no longer has the advantages it once held over physical booksellers. As grocery stores prove increasingly innovative and tech-savvy, can Amazon viably compete in their domain, where digital expertise may not be enough?

PayPal has worked to build support from retailers and consumers, positioning it well in the competitive e-commerce game, writes Lauren Freedman, senior vice president of digital strategy at Astound Commerce.