POS and Retail

The technology giant reported record earnings and a solid performance for its mobile payment app, but did not dive deep into adoption numbers.

Shoppers are going to have to choose which apps to keep and which to delete or hide, making it important that retailers develop an app that's worthy of repeated use.

Messenger bots, an artificial intelligence-driven application, can respond to customer queries over social messaging platforms. Bot interactions attract a consumer who is engaged and interested in pursuing a transaction.

Westpac in has been aggressive in supporting and adopting emerging merchant and payment technology in Australia.

The chip card migration took up a lot of merchants' energy over the past couple of years. As chip cards mature, merchants can and should turn to the variety of new payment options in the year ahead.

The technology complements Starbucks successful mobile technology, which includes a widely used payments app as well as rewards and order-ahead.

Congress has proposed repealing the Durbin Amendment, a move that would be costly to small businesses which have benefited from the reform.

The third party wallets and mobile point of sale systems are advancing, making the next year the right time for merchants to work on strategies to improve user experience at checkout.

Amazon and other e-commerce disruptors are turning long-held retail models upside down, but in doing so they create a lifeline for retailers who see them as an opportunity rather than a threat.

A deal between Ford Motor Credit and a San Francisco-based startup will give car buyers the option of customizing their own loan terms.

Target Corp. has demonstrated payments innovation in many ways, including participating in an early pilot of mobile payments with Starbucks, and driving its payments volume to lower-cost debit rails via its Red Card.

Alibaba Group Holding Ltd. raised its full-year sales forecast after quarterly results beat estimates, as Chinese spending stays strong and the company wrings revenue from fledgling areas such as cloud computing, entertainment and search.

New York-based security company Hypr Corp. is working to use biometric authentication as a glue for the currently fragmented state of mobile and online payments.

Add package pickup to the growing list of things banks are doing with branches as foot traffic declines.

U.K. supermarket giant Tesco has long supported Apple Pay at its contactless-enabled checkout locations, and now it also supports mobile payments through a proprietary app it’s rolled out to its nearly 7,000 stores.

American Express spend a record amount of marketing and promotions in 2016, following Costco's departure.

Payment companies and other financial institutions were victimized less than health care, educational institutions and government agencies.

Associated Banc-Corp in Green Bay, Wis., reported a sharp increase in profits on an 11% increase in noninterest income and on lower credit costs.

Fourth-quarter profits at Wintrust Financial in Rosemont, Ill., climbed 54% to $54.6 million from a year earlier, helped largely by acquisitions and increases in mortgage banking and other fee income.

Tipalti is building a presence at the intersection of electronic media and advertising, where a different kind of 'faster payment' movement is taking hold.