Point-of-sale

January, 2020

• 16 January

  New U.S.-China Trade Deal Provides for U.S. Payments Expansion in China

  

  The newly-signed trade agreement between the United States and China, the number-one and number-two global economies, respectively, finally provides an avenue for U.S. payments firms to operate independently in China. Joint payments ventures with a local Chinese partner have long been the norm, but the new U.S.-China trade agreement—signed Jan. …
• 16 January

  ‘Digital Dollar’ In the Works and other Digital Transactions News briefs from 1/16/20

  

  J. Christopher Giancarlo, former chair of the Commodity Futures Trading Commission, is working with other individuals and with the consulting firm Accenture to develop a United States Central Bank Digital Currency, known as the “digital dollar.” The development will take place under the auspices of a new organization called the Digital …
• 15 January

  Eye on Acquirers: Boom Commerce Debuts; NAB Launches a New PCI Program

  

  Acquirers are jumping into 2020 with major rebranding and PCI-compliance programs. First up is National Payment Systems. The Portland, Ore.-based company has a new name—Boom Commerce—and has expanded its executive team, the payments provider announced.  Helping to propel this shift is a credit facility with Acrewood Holdings LLC, a Bryn …
• 14 January

  Visa Checkout’s SRC Shift Begins Jan. 21 and other Digital Transactions News briefs from 1/14/20

  

  Visa Inc. said starting Jan. 21 merchants using Visa Checkout will transition to the card brand’s Secure Remote Commerce service. Visa says consumers that have enabled their cards with the service no longer will have to enter the primary account number for compliant transactions. The experience also is compatible with industry tokenization …
• 13 January

  Consumers Are Satisfied Making Contactless Payments, But Security Concerns Linger

  

  Even though contactless credit and debit card transactions made by tapping a card against a point-of-sale device rely on the same standard as EMV dipped transactions, consumers have different impressions of the security benefits, a newly released study says. Indeed, 81% of the 1,350 consumers surveyed for the “Emerging Trends at …
• 10 January

  Consumers Make More On-Us ATM Cash Withdrawals, Fed Data Show

  

  Despite the decades-old rise of electronic payments at the expense of cash, the rate of decrease in ATM cash withdrawals has slowed down, and more consumers are avoiding fees by using their own financial institution’s ATMs, according to the Federal Reserve. The Fed’s latest triennial payments study released last month …
• 9 January

  A New Beetle Debuts and other Digital Transactions News briefs from 1/9/20

  

  Diebold Nixdorf Inc. released the Beetle A1150, an all-in-one point-of-sale system. Variations of the Beetle POS system have been available since at least 2002 from Wincor Nixdorf, a company Diebold acquired in 2016.Payments processor Computer Services Inc. reported fiscal third-quarter revenue of $72.1 million, up 6.6% year-over-year, and net income of $12 million, up 5.8%. …
• 8 January

  Mobeewave And Samsung Leverage Contactless With Fast Onboarding for No-Dongle Acceptance

  

  For years, payments providers like Square Inc. have mined the small- and micro-merchant market by providing inexpensive and simple attachments, or so-called dongles, that hook up to smart phones and can be used to swipe or read the chips on cards. Now comes the next step: card acceptance using no …
• 8 January

  15 Campuses Adding Google Pay Support for Student IDs

  

  College and university payment and identity-services provider Transact Campus Inc. announced it is adding support for Google Pay, enabling eligible students to use Google Pay on campus. Phoenix-based Transact Campus said its Transact Mobile Credential for Google Pay, which is the mobile-payment app on most Android smart phones, will be …
• 8 January

  Gift Card Spending Doubles and other Digital Transactions News briefs from 1/8/20

  

  Consumers spent 7% more on gift cards during the 2019 holiday shopping season than in the same period in 2018, doubling the 3.4% gain seen in 2018 over 2017, according to data from prepaid program manager Blackhawk Network Holdings Inc., which did not release absolute spending numbers.The U.S. Treasury Department’s Bureau …