POS and Retail

Revel Systems has opened a new office in London to facilitate its growing business in Europe, the Middle East and Asia.

NACHA's adoption of same-day payment, or ACH (Automated Clearing House) payment - allows businesses and customers to benefit from receiving same-day transaction processing, though with security risk.

The Internet of Things is ready to take off in modern retail in the coming year, spurred by a growing connection to consumer payments.

One in every three card-present transactions globally from July 2014 to June 2015 involved an EMV-chip card, according to EMVCo.

Target Corp. is tight-lipped on the details of its proprietary mobile wallet, but reports of the retailer's plan for a software-based wallet app early next year are adding to the concern that the mobile wallet market is becoming oversaturated with options too early in its lifecycle.

JetPay Payment Services, a unit of JetPay Corp., is working with the lending platform provider Credibly to give JetPay's distribution network access to Credibly's technology.

With the zeal and thoroughness that the EMV transition has been discussed and covered over the past six months or so, you’d think it was the only technological innovation hitting payment cards in the marketplace.

Apple Pay and Samsung Pay are coming to China in early 2016, in a potential defensive move by China UnionPay to fend off competition from domestic mobile payment rivals on the rise in China, including Alipay and Tencent.

Small to large retail vendors are constantly aspiring to improve customer experience, resulting in more friendly point of sale (POS) interactions.

London-based Powa Technologies has formed a 10-year alliance with China UnionPay to extend the PowaTag smartphone shopping app to CUP’s 1.3 billion credit and debit cardholders.

This year was huge for payments. We saw the mobile wallet wars ignite into an all-out game of “anything you can do I can do better, anything you can do I can do better than you.”

Following its promise to make mobile point of sale products a key revenue-driver for the company, Verifone Payment Systems released a new mobile card reader for independent and micro merchants.

One of the more perplexing elements of the slow, long-awaited march to EMV-chip cards in the U.S. is the lack of awareness that still pervades among merchants and consumers alike.

Many small banks and credit unions today offer convenient, in-house instant card issuance to their customers to stand out from the pack.

Global Payments and Heartland Payment Systems have a chance to create an international powerhouse focused on small to medium sized business, restaurant and education payments, if they can meld their technology post-acquisition and retain Heartland's management.

Despite the incessant fanfare around mobile wallets, biometrics and the Internet of Things, the slow-and-steady move to EMV security is in the spotlight of Verifone's revenue prospects in the coming year.

The general public is largely uninformed about what EMV is, why it is coming into the US and the benefits of adopting more secure payment technology.

Though it seems as if the Merchant Customer Exchange has been stuck in the same mud the past year — still testing its CurrentC mobile wallet with no true launch date set — much has happened to support those who believe the retailer joint venture could still land squarely on its feet.

Wirecard Group and Alipay are collaborating to provide European retailers with barcode technology enabling Chinese tourists to make point of sale payments using the Alipay mobile wallet app.

American Express has joined LendingTree’s credit card marketplace.