News

October, 2018

• 22 October

  Eye on POS Terminals: Equinox Sounds Out Payments; Verifone Helps the Blind Make a Payment; Ingenico’s Semi-Integrated Service

  

  Point-of-sale terminal maker Equinox Payments announced an audible way to pay with the integration of LISNR ultrasonic technology. Phoenix-based Equinox said it is the first POS terminal maker to license the proprietary LISNR tech. Using inaudible sounds, the tech enables a smart phone to communicate and share data with devices …
• 22 October

  Klarna Launches Slice it in 4 Payment Option and other Digital Transactions News briefs from 10/22/18

  

  Tablesafe, which specializes in point-of-sale systems for restaurants, said The Saltwater Grille has installed its technology, which includes EMV acceptance. The restaurant had been subject to rising chargebacks because it had not been EMV-compliant. Online installment-payments specialist Klarna signed its first U.S. merchant, Rancourt & Co., for a new service …
• 19 October

  CardinalCommerce Notes 3-D Secure 2.1 Milestone and other Digital Transactions News briefs from 10/19/18

  

  E-commerce payments provider CardinalCommerce said it completed its first series of 3-D Secure 2.1 transactions with American Express Co., Mastercard Inc., and Visa Inc. The transactions, which were not part of a test, were part of an early-adopter program in which merchants and issuers enabled EMV 3-D Secure 2.1 via CardinalCommerce, …
• 18 October

  AmEx’s Discount Revenues and Profits Rise on Healthy Cardholder Spending

  

  Strong cardholder spending generated higher discount revenue and contributed to a 22% profit increase at American Express Co. in the third quarter. AmEx late Thursday reported that U.S. card-billed business rose 10% to $194.6 billion from $176.4 billion a year earlier. International volume rose 5% to $100.1 billion, bringing AmEx’s …
• 18 October

  PayPal Scores an AmEx Tie-Up And Notches a Strong Quarter, Though Challenges Loom

  

  In a reversal of its past practice, PayPal Holdings Inc. began two years ago working with competitive and semi-competitive partners, and on Thursday it added the last major U.S. card network to that list by announcing a tie-up with American Express Co. PayPal executives also disclosed the company’s performance numbers …
• 18 October

  ACI’s Payments Hub Lands BMO Financial Group as a User

  

  Payment processor ACI Worldwide Inc. reported Thursday that Toronto-based BMO Financial Group, the parent company of Bank of Montreal and Chicago’s Harris Bank, has rolled out ACI’s payments hub, which can connect banks to real-time payment services. The rollout took nine months, which BMO and Naples, Fla.-based ACI characterized as …
• 18 October

  Eye on Point of Sale: Contactless Test at Jimmy John’s And eTouchMenu’s POS Terminal Choice

  

  As the payments market, led by the card brands, preps for a potential increase in contactless transactions, sandwich chain Jimmy John’s is testing acceptance of EMV contactless payments. Announced Thursday, the test will use a Verifone Systems Inc. Engage P400 device at an undisclosed number of Jimmy John’s locations, Verifone …
• 18 October

  Visa And Mastercard Announce Moves to Ease And Secure Online Commerce

  

  Concepts like tokenization, biometrics, and secure e-commerce have attracted much attention in recent years, and in the past couple of days the nation’s two major payments networks have moved to bring that concept closer to reality for online payments. Visa on Thursday announced a deal with Netflix Inc. to expand …
• 18 October

  ControlScan Acquires Dunbar Cybersecurity and other Digital Transactions News briefs from 10/18/18

  

  Data-security provider ControlScan Inc. acquired Dunbar Cybersecurity, a move that will strengthen ControlScan’s threat-detection and response capabilities, the company said. Terms were not disclosed. Mastercard Inc. said beginning in April 2019 cardholder signatures on the back panel of its cards will be optional. It no longer will require issuers to …
• 18 October

  Does your POS partner help you close sales?

  

  As technology drives us into a new era of retailing, merchants are starting to view the omnichannel experience as necessity over novelty, and with that, comes high expectations for the newest streamlined POS solutions.  Fortunately for the MLS and ISO community, Electronic Payments is invested in something greater than just …