POS and Retail

As mobile payment systems mature, they still face several hurdles to adoption. Some of these problems are as much cultural as they are technological.

Digital payments company Payveris and credit union support company EPL have jointly announced an electronic bill payment product.

In Washington Heights, a small startup has found a new opportunity by building a business to business platform to serve the numerous storefront remittance providers in the largely Latin American neighborhood in Upper Manhattan.

The fraud fix, as it is becoming clearer, is to take payment card information (account numbers, card verification values and the like) and devalue this data in an effort to make it less relevant to the hackers who seek to harvest and sell it.

Canada's suretap mobile wallet provides service to most of the country's mobile carriers, but its coverage map omits Apple handsets and most Canadian banks.

To address the impact of American Express President Ed Gilligan's death in May, the card network has changed some executive roles and revised its internal corporate structure.

Although it's been widely suspected that merchant EMV compliance will be low in October when the liability shift deadline kicks in, a new Javelin Strategy & Research report is projecting as many as 75% of all merchants will not make the deadline.

London-based Currency Cloud has closed out a Series C funding round, attracting $18 million from new and existing investors.

The U.S. likely didn't need an extra shove to adopt an international payment messaging standard vital to a faster payments network but, just in case, the U.K.'s Payments Council is making it easier to do so.

Green Dot late Monday announced a five-year renewal of a prepaid card contract with Walmart, though the retail giant will get a larger share of revenue.

Payments technology provider Global Payments Inc. is formally launching American Express' OptBlue small business suite in Canada, providing fuel for Amex's recovery from the loss of Costco's cobranded card business.

E-commerce technology company Spindle and payment gateway PayLeap are combining products in an attempt to lower costs for small to medium-sized gun clubs.

Realex Payments, a division of Global Payments, has signed a three-year deal to process e-commerce and call-center transactions for insurance provider Aviva.

Following up on First Data's launch of the Clover Mini mobile point of sale device, TruBeacon has placed software in the Clover App Market that will link data from the payment terminal over a network of multiple retail locations.

Mobile payments are hot. Industry insiders both hope and fear new technology will upend reigning retail payment systems such as Visa, MasterCard and American Express.

Mobile card acceptance devices have changed a lot in recent years. They are now much more complex than the simple plug-in card readers many are familiar with. And their evolution is far from over.

What good is having a mobile point of sale (mPOS) device if retailers glue it to the countertop? In a new IHL report that tries to size up the mPOS market, IHL points out that most merchants are happy to ignore the mobility inherent in their new technology.

Banks are choosing to enable payment functionality through third party “Pay” wallet offerings in most part, and not their own mobile apps. And these are the same internet and technology companies banks themselves perceive to be their biggest threats.

Tyro Payments, of Australia, will integrate its point of sale technology with the in-restaurant ordering and payment system made by Canada's TouchBistro.

The most striking thing about Apple Pay's recent loyalty announcement is that it included no loyalty program for Apple Pay.