Friday , March 29, 2024

Search Results for: pos system

MagTek Launches New POS Terminal and other Digital Transactions News briefs

• Payment technology provider MagTek Inc. introduced tDynamo, a compact terminal that accepts chip and magnetic-stripe payment cards as well as contactless transactions in either fixed or mobile configurations. • USA Technologies Inc. said its ePort Connect Platform’s G0-S series has been certified on the Verizon Wireless 4G LTE network. USAT’s ePort devices …

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A POS Points Redemption App from VeriFone Widens Its Reach in a Deal With FIS

By John Stewart @DTPaymentNews If loyalty programs are the key to boosting usage of new payments methods like mobile wallets, ease of rewards redemption could be even more critical. On Wednesday, terminal maker VeriFone Systems Inc. took a step in that direction by expanding the reach of its Points Redemption …

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A Cultivated Palate for POS

Developing a point-of-sale app to operate on a tablet is but one ingredient necessary for catering to the payment-processing needs of hospitality merchants. Hospitality merchants have long been a favored customer base for many acquirers and independent sales organizations. For example, Heartland Payment Systems, now part of Global Payments Inc., …

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Cannabis Payments Network Proposed and other Digital Transactions News briefs

• North American Cannabis Systems Inc. said it will work with Alternet Systems Inc. to launch a payment system for the cannabis market. Legal cannabis sales are expected to hit almost $7 billion this year. Details of how the system would work were not disclosed. • Elan Financial Services has agreed to provide credit …

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Payments IPOs Plunge in 2016, but 2017 Could See Some High-Profile Offerings

After an active 2015 in which such prominent payments-industry firms as processor First Data Corp. and merchant acquirer Square Inc. completed initial public offerings of stock, 2016 saw little IPO activity by payment firms. But 2017 could be a different story, according to an analyst. The most notable new U.S. …

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Image Exchange Leader ECCHO Exploring ‘Possible Strategic Opportunities’

The Electronic Check Clearing House Organization (ECCHO), a leader in the movement to develop check image exchange, announced Monday that it is “exploring possible strategic opportunities.” The terms “exploring strategic opportunities” or “exploring strategic options” usually mean a company is up for sale. It is indeed possible that the ECCHO …

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Canada, Too, Looks To Make Its Payments System Faster And More Efficient

Payments Canada, operator of three major payment systems in that country, issued a five-point plan Thursday to put Canada on a path toward faster and more efficient electronic payments. The plan has many similarities with efforts by Canada’s southern neighbor to modernize payments, but also some differences, according to a …

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Ingenico Debuts Android mPOS Device and other Digital Transactions News briefs

Terminal maker Ingenico Group introduced its first Android-based mobile point-of-sale payment device, the APOS. The portable terminal includes a front and rear camera and accepts payments based on EMV, mag-stripe, and near-field communication. Cubic Transportation Systems announced it has been awarded a $4.8 million contract modification from the Maryland Transit …

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Fed Task Forces Evaluating 19 Proposals as Industry Works Toward Faster Payments

With an eye on having tangible proposals out by mid-2017, two Federal Reserve task forces are about to evaluate 19 plans to make electronic payments faster. Speed and security usually come to mind first when payments executives talk about improving the U.S. payment system, but other factors increasingly important to …

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Elavon’s Tablet POS Service Debuts in Canada and other Digital Transactions News briefs

• MasterCard Inc. issued its latest U.S. EMV progress report; the network says it has 2 million chip-active merchant locations and that 88% of MasterCard consumer credit cards now have chips. • Processor Elavon announced it is launching a tablet-based point-of-sale product in Canada in conjunction with talech, a POS …

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Digital Transactions