POS and Retail

When you think of gift cards, do you still only envision the credit card-sized plastic payments tools given as presents? Like most other tools in the payments industry, gift cards have evolved far beyond their original forms.

Apple's latest iPhone could change the way people pay with a smartphone. Its updates improve Apple Pay and bring new tools to developers and merchants.

Five years ago, Congress decided to take action on the bloated, price-fixed fees that banks charge merchants every time a customer makes a purchase with a debit card. It ordered the Federal Reserve to bring competition to the market by lowering fees to a reasonable sum.

American Express Co. customers soon will be able to charge purchases at Sam’s Club, months before their cards stop working at larger warehouse retailer Costco Wholesale Corp.

Square Inc., the mobile-payments company founded and led by Twitter Inc. interim Chief Executive Officer Jack Dorsey, plans to hold its initial public offering in the fourth quarter of this year, people with knowledge of the matter said.

Discover was one of the most notable holdouts when Apple Pay first launched in Oct. 2014, but it now plans to launch Apple Pay compatibility Sept. 16.

With the EMV liability shift less than a month away, U.S. merchants have far more on their plates than merchants in other countries had when only weeks from migrating to chip-based payment cards.

When wading through the sea of social media comments, it's easy to find evidence to support any theory.

First Data Corp., whose investors are led by KKR & Co., is preparing to seek at least $2.5 billion in what would be the biggest U.S. initial public offering this year, according to people with knowledge of the matter.

ING has purchased Belgian digital loyalty platform Qustomer as part of its larger strategy to boost mobile payments.

Kash Corp. is prepared to move into the money transfer world, launching an application programming interface (API) that will allow companies of all sizes to accept direct debit payments without credit card fees.

With the mobile payments landscape rapidly evolving, banks face a vexing challenge: what should their go-forward strategy be?

Fifth Third Bancorp in Cincinnati has tapped a new chief strategy officer to replace Dan Poston, who will leave the bank to join the payment processor Vantiv.

MasterCard Europe is making a major push to increase mobile payments acceptance points and encourage higher value transactions, considered a “tipping point” in the market’s maturation.

Samsung is trying to take wearables beyond watches and bands into something closer to traditional fashion, including a full suit, a purse, a bag and a line of shirts—all equipped digitally.

Stockholm-based mobile wallet provider Seamless Distribution AB is seeking beta testers for a new digital cash register service that would become part of its SEQR wallet application.

In today’s highly competitive landscape, brands are competing against one another on a “discount race” to try and offer the most competitive prices to their consumers.

SIM card and EMV technology provider Gemalto is working with Samsung to help the telecom company introduce Samsung Pay in Europe.

Young people have a much different relationship with credit, requiring retailers to find different ways to enable financing to encourage larger purchases.

What happens when you combine mobile wallets with the emerging hype about beacons? You get a winning combination for retailers that boosts shopper loyalty and in-store spending.