POS and Retail

Walmart Inc. has ended a service where customers could ring up their own purchases, showing that old habits die hard even in the digital age.

Retail and hospitality payments software provider Veea Inc. is partnering with cross-border mobile payments provider Citcon to allow businesses using Veea services in the U.S. to accept Alipay and WeChat Pay mobile payments.

Prime customers, who pay an annual fee for benefits such as free two-day shipping and access to Amazon’s video and music library, will now also get discounts at the upscale, organic supermarket that Amazon bought last year.

Bitcoin has morphed into a store of value rather than the “digital cash” of its original promise, and we’d be naïve to think it wouldn’t stray from its original plan. Bitcoin cash has the potential to act as a vehicle for cryptocurrency's original intent, writes Nishant Sharma, Bitmain's international marketing manager.

Plate IQ has integrated its automated accounts payable technology for restaurants with the new Square for Restaurants point-of-sale system.

Chase will have its place on the BigCommerce platform soon, as retailers will be able to accept Chase Pay on their online stores this summer.

Within sports venues, providers want to handle payments and integrate loyalty and other services through every facet of the ballpark and teams operating those facilities.

The open banking model is not very different from what Amazon brought about in retail. Banks have little choice but to embrace the concept, according to Nick Frankland, managing director of fintech at Legal and General.

If an organization can’t evolve to create the level of customer experience expected, someone else will, writes Jay King, president of financial services for Alorica.

Many technology developers yearn to invent the future of payments through software, but Toast is also reaching to the past by trying to perfect the hardware that surrounds the new digital tools.

It's an important pivot point for the industry — consumer trust is threatened by a steady flow of data breaches, and consumers are divided on whether they want to stick with plastic or move on to mobile and wearable payments.

The correct strategy needs to be built around the mindset that the attackers might eventually succeed, and that with the right tools, the breach can be detected early, the extent of it can be controlled, and the attack can be stopped before a lot of damage is inflicted, writes Engin Kirda, a professor of computer science at Northeastern University.

Welcoming automation into our industry with less friction and fear happens when we understand its overwhelming benefit to our futures and the quality of our work, writes Lauren Ruef, a research analyst for Nvoicepay.

Instead of expanding Alipay’s geographic reach across the U.S. and Canada, Alipay is doubling down on merchant acceptance in urban areas and tourist zones to drive more spending volume.

Millennials view the ATM as central to how they manage their money and go about their daily lives, writes Yonas Marcos, president and CEO of Star Financial Services.

When EMV chip cards were launched in the U.S., the initial fear in the security and payment industries was that fraud would migrate to e-commerce. But the migration has actually moved further along to the more lucrative venue of real-time Fed-mandated ACH payments.

Blockchain's decentralized model can help avoid the "insiders-only" tendencies of centralized markets while distributing risk, contends Donika Kraeva, strategic communications manager at Dentacoin.

The restaurant technology is a category-specific move that mirrors a broader strategy at Square, which has spent hundreds of millions of dollars in the past few months to round out its merchant services products.

There are merchants that accept bitcoin. But it's still hard to pay with cryptocurrency, and that's holding it back as a payment option.

This deal is the fifth investment for Gulf Capital in the technology sector and is part of its efforts to develop the payment and digital financial transaction sector in the area.