POS and Retail

Latin America is becoming a must-have market for mobile payments, replete with fast growing m-commerce adoption and card network investment.

Paytm, a major mobile wallet in India with backing from China's Alibaba, is gaining acceptance through restaurants like Domino's and setting the foundation for a larger Alibaba presence in the country.

The good news is that EMV is very effective at preventing the use of counterfeit credit/debit cards at the point of sale (POS), commonly referred to as card-present (CP) fraud.

NCR Corp. has updated its transaction processing solution, Authentic, with features such as a browser-based point of sale and card management interface.

Few businesses accept cards for B2B transactions, dreading an interchange charge of 2% to 5% on sales that total thousands of dollars. But there are instances where the benefits of using cards outweigh the cost.

Western Union Co. said it’s not in talks to acquire smaller rival MoneyGram International Inc.

Western Union Co. is in early-stage talks to acquire smaller rival MoneyGram International Inc., people with knowledge of the matter said, as both companies contend with stiff competition from upstart money-transfer companies.

Instant card issuance builds immediate value in the eyes of the consumer, and also helps them feel like a valued customer, potentially increasing their card usage rate and extending the longevity of the business relationship.

Kwik Chek Food Stores' new technology for updating gas prices at the pump also pushes those price changes to motorists using its mobile payment app, a feature that gets customers engaged with the retailer long before they pull up to the pump.

Home Depot Inc. plans to enable Apple Inc.'s mobile-payment platform at its more than 2,000 stores, making it the largest retailer to accept Apple Pay.

Visa is providing merchants with an online information and resource center to prepare for their transition to using chip-enabled credit and debit cards.

The latest innovations that enable and secure mobile payments are adding so much complexity to the deployment process that they may exceed the expertise of the companies putting them in place.

A big problem holding back mobile payments is a "chicken-and-egg" issue that Apple Pay's U.S. rollout and pending debut in Europe can reverse.

MasterCard has launched the MasterCard Business Network 2.0, the latest version of its professional site for small businesses.

American Express has created a new cobrand credit card for consumers who shop through its Plenti loyalty program.

Financial services technology has dramatically improved payments for consumers. E-commerce connects buyers and sellers around the globe.

The Merchant Customer Exchange, backed by Walmart, Target and other mega-retailers, now operates in a market where Apple changed the ground rules. Though the initiative has yet to formally launch its CurrentC mobile wallet, MCX has already been forced to adapt many times.

The Costco cobrand card was a huge win for Visa, but nevertheless the card network's chief executive, Charlie Scharf, found himself defending the terms of the partnership.

Corporate payment cards usually have sophisticated restrictions or controls designed to make unauthorized use difficult, if not impossible.

Data security organizations have developed an EMV chip-card education program to help independent sales organizations and software vendors simplify testing and certification for their merchant clients.