POS and Retail

Automating accounts payable (AP) and payments is not high on the IT list of new ventures, but business growth can result in a paper glut.

As the payments industry prepares to lay the foundation for same-day Automated Clearing House payments this week, technology provider linked2pay is combining merchant onboarding for acquirers with real-time acceptance of ACH and other payment services.

The tighter processing deadlines of same-day ACH mean that conventional fraud prevention measures will no longer be adequate or effective.

In order to successfully and scalably combat card-related fraud and digital payments hacking, organizations need to rely less on standards like EMV and PAN/PRN, and recognize today’s currency is no longer just about money.

The expanding base of contract workers who use mobile apps to set up jobs and receive payment is upending traditional payroll practices, requiring new levels of speed and efficiency from financial services companies.

Visa and Mastercard have both entered into partnerships with PayPal, turning a new page following a long history of competition

Subway is learning that to get people into its stores, its mobile app has to be every bit as compelling as its menu.

Millennials hate banks so much, they’d rather go to the dentist than listen to what banks have to say. And digital payment alternatives are taking advantage.

Apple Pay's move to the Web is exactly what Vantiv had in mind when launching Vantiv One Network Experience two months ago as a multi-channel app developers' playground.

Walmart Stores Inc. will stop accepting Visa Inc. credit cards at all 16 of its stores in the Canadian province of Manitoba as of Oct. 24, extending a ban that began two months ago in Thunder Bay, Ontario.

Even with advanced technology, fraudsters need a lot of help to get their hands on secure payment or personal data. One in five businesses apparently are unwittingly providing that help by not performing any security testing, according to new research.

"Rent-seeking" is a widely recognized economics term that refers to when people or groups try to obtain economic benefits for themselves through a subsidy in the political arena. In Washington, the term has special significance. Special-interest groups regularly try to gain subsidies by securing a special regulation that disadvantages competitors.

Hari Gopalkrishnan, Bank of America's managing director of client facing platforms technology, is adamant that the bank doesn't need to have its own mobile wallet today.

Electronics giant Best Buy will accept Chase Pay mobile payments in its stores, a move that clarifies the Merchant Customer Exchange's new role as distributor for Chase's QR-code-based system.

Nearly a year after the October 2015 liability shift, a mere 17% to 37% of all US merchants have adopted EMV POS terminals.

New Orleans--When Dunkin Donuts launched its mobile app in August of 2012, it was already three years behind Starbucks, a pioneer in mobile payments. To make a meaningful impact, it had to do something different.

Payment processor and financial services technology provider Jack Henry & Associates has integrated its Banno Mobile application into its bank and credit union core platforms to streamline access to mobile banking, bill payment and person-to-person payments.

Payment processor and technology provider Elavon is launching tablet-based point-of-sale software for its small and mid-size merchants in Canada.

It is inevitable that the masses will adopt cryptocurrencies.

France-based supermarket giant Carrefour and Gemalto leaned on Host Card Emulation (HCE) to create a new solution with the sought-after feature of combining mobile payments and the store’s loyalty program within a single app.