POS and Retail

The fintech M&A wave is sweeping over the dining and fast-food industries, with major companies like Amazon, Walmart and American Express spending on smaller firms that focus on digital food delivery and payments.

Ahrendts, 58, joins the home-sharing startup after a five-year stint overhauling Apple Inc.’s retail operations.

Rep. Donald Payne, D-N.J., recently introduced the Payment Choice Act in the U.S. House of Representatives to prohibit retail businesses from refusing cash for payments.

Sainsbury’s has launched the U.K.’s first mobile-only checkout-free grocery store, inviting comparisons to what Amazon Go is doing in the U.S. But their models are far from identical.

It’s no overstatement to suggest that stored value plays a role in nearly all of our daily lives. This suggests that the digital transformation of these instruments should be life-changing. But that hasn’t happened—yet, writes Chris Demetree, CEO of Lazlo 326.

Traditional authentication practices are incapable of meeting the real-time demands, writes Frank Teruel, senior vice president and general manager of ThreatMetrix.

Amazon is undeniably a juggernaut in the realm of e-commerce and digital payments — but its journey was filled with missteps and failed experiments.

Solving open banking's challenges requires a whole new approach to international payments beyond basic open development, says Marten Nelson, co-founder of Token.io.

A crypto-based payments system from Facebook would create more competition and pressure legacy companies to up their game, says Eric Grover, a principal at Intrepid Ventures.

Amazon.com Inc. said it was hit by an "extensive" fraud, revealing that unidentified hackers were able to siphon funds from merchant accounts over six months last year.