POS and Retail

Starbucks is prepared to launch a new Starbucks Rewards Prepaid Card with partner JPMorgan Chase, further strengthening its ongoing relationship with the bank.

With its reputation for welcoming software developers with open arms solidified two years ago through its acquisition of Mercury Payment Systems, Vantiv Inc. is looking for the next way it can attract and enable innovation.

The tension between the desire of government agencies to gain more access with greater ease, and the public’s evolving perception of data privacy rights, is ongoing and writ large in the case of FBI vs. Apple, which brings the complexities regarding security technology such as encryption to light.

Minneapolis' new transit deployment seems limited and even old school—it's a closed loop payment system that's only available on buses and not on the Twin Cities' expanding light rail system.

Many moons after the U.S. payment industry adopted a largely chip-and-signature approach to EMV instead of chip-and-PIN security that’s standard elsewhere, rising merchant chargebacks are leading some to question the wisdom of PIN-free payments.

There are shortcomings in prevailing chargeback procedures that are costing merchants billions of dollars each year.

If an independent sales organization wants to convert a merchant to the most current faster payment technologies, the ISO itself must practice what it preaches.

Prepaid cards and mobile wallets have become major disruptive forces in the financial services industry.

I made a provocative comment, as it turned out, during my keynote at a recent conference. The comment was picked up in a press article that reported I said "the coding behind virtual currency bitcoin could also prove to be enormously transformational, potentially even replacing the Swift network for interbank payments."

D+H Corp. and The Clearing House are partnering to provide real-time payments to U.S. financial institutions.

Consumers who have been issued EMV chip cards know how to use them. So it might come as a surprise when merchants equipped with chip card readers instruct their customers to swipe their cards instead.

Innovations in payment and financing services are changing the way that organizations around the world conduct business.

Terminal maker Ingenico Group has named Suzan Denoncourt as its managing director for all aspects of operations in Canada.

Merchants that postponed their EMV migration are feeling the sting of losses connected to the EMV liability shift. They are now shoring up their fraud defenses and—in some cases—speeding up their EMV-migration plans.

NFC mobile payments continue to grab headlines, but to really drive uptake and ensure full market coverage, combining contactless cards with next-gen mobile banking apps is surely the right way to go for new banks.

As merchants prepared to swap out their aging magstripe terminals for modern EMV card readers, acquirers hoped that this widespread demand for equipment would flood ISOs with revenue. But instead, some are finding EMV simply added to their expenses.

Retailers who claim that restrictions on debit card fees benefit credit unions and community banks miss the point: These price controls are bad for consumers.

Payment processor Heartland Payment Systems Inc. and global payment provider Computop have agreed to integrate their platforms to provide international payment processing.

The focus on the smart-home device marks the latest frontier in the ways in which banks and payment companies are testing features on cars, fridges, watches and other internet of things.

The confusion over how banks categorize chargebacks has become the latest minefield in the transition to EMV chip cards in the U.S. And the sheer volume of chargebacks has forced some merchants to turn to legal action, questioning the entire migration process.