POS and Retail

The Mandarin Oriental hotel chain recently became the latest big business to suffer a data breach, sounding a call to the hospitality business to shore up security posture.

Facebook's Messenger app will soon let users send funds to one another, and the social network's use of payments to drive advertising and other business services is unlikely to stop there.

Apple gets it. The way to make things appealing is to make them simple, convenient and valuable for consumers.

BMO Harris is adding cardless ATM access to 750 machines, enabling customers to withdraw cash using a smartphone application instead of a plastic card.

It's become apparent that more organizations are attaining PCI compliance, but far fewer can stay in compliance for a reasonable period of time.

One of the longest discussions regarding the U.S. EMV migration is the choice of chip and PIN or chip and signature as the card verification method (CVM).

Like a Hollywood star making the rounds before a premier movie date, Visa and other organizations are going on tour to promote EMV-chip card technology ahead of the October deadline set for U.S. companies.

Cardtronics is expanding into Poland by deploying 50 ATMs at Polish service stations and another 50 machines at convenience and grocery stores by May.

The merchant acquiring industry faces continuing pressure from shrinking margins and disruptive competitors, but it has used the past five challenging years to seek out a position of strength.

The check may not be in the mail. Today’s consumer uses an average of three different payment methods each month, from online to mobile to walk-in and yes, even the occasional check, according to Seventh Annual Billing Household Survey from Fiserv.

Square has boosted its technology capabilities while expanding its presence in Canada through the acquisition of Toronto-based Kili Technology Corp.

Apple Pay, Google Wallet, Samsung Pay and PayPal are just a few of the solutions which financial technology commentators predict will bring about the downfall of cash and the plastic card.

The largest franchisee of the Sonic fast-food chain has rolled out Mobivity Holdings Corp.'s SmartReceipt technology at various locations with plans for additional distribution.

"I was very fortunate in that I started on the issuing side of the business and in the early ‘90s I moved over to the acquiring side. There are probably not a lot of people who grew up on both sides—merchant acquiring and card issuing."

Merchants are far from helpless bystanders as Apple and banks sort out who is responsible for stopping fraudulent cards from being enrolled in the Apple Pay mobile wallet.

ATMs in some key Las Vegas locations will allow consumers to obtain U.S. dollars with foreign payment cards through Monex Financial Services' dynamic currency conversion technology.

Japanese mobile app provider Line Corp. will use CyberSource's e-commerce payment services to expand the Line Pay mobile payment service by supporting more payment options.

Merchants' Choice Payment Solutions and Powa Technologies have teamed up to launch an integrated tablet-based point of sale system in a bid to meet demand for tablet-based payments.

Instead of treating the migration to chip as solely a matter of compliance, many smart companies are using the technological disruption caused by EMV as a catalyst for positive change.

Square hopes to broaden its reach with its core micro-merchant market by offering technology to tap the $1.6 trillion e-commerce market.