Monday , January 25, 2021

Search Results for: POS system

Intuit Extends POS, E-Commerce Reach for QBO With Shopify, Bigcommerce Deals

Intuit Inc., which markets the highly popular QuickBooks accounting product for small businesses, continues to reinforce the online version of the software with point-of-sale and e-commerce capabilities. The Mountain View, Calif.-based company on Thursday announced an integration for QuickBooks Online (QBO) with Shopify Inc., an Ottawa-based platform for e-commerce and …

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Boomtown Banks on a Boom in Calls for mPOS Help

The boom in mobile point-of-sale systems may have outstripped the ability of merchants and merchant-service providers to provide the hands-on support needed to keep the tablets humming. That’s where a 7-month-old, San Francisco-based startup called Boomtown Inc. sees an opening. For a fee, it helps small merchants choose, install, network, …

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When mPOS Goes Awry, Whom Do You Call? Payments Veteran Kahn Hopes It’s Boomtown

Mobile point-of-sale systems have come a long way in a short time, but in one respect they may have grown up too fast. They may have outstripped the ability of merchants and merchant-service providers to provide the kind of constant and consistent support that’s necessary to keep the tablets humming. …

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A Decentralized Payments System May Work Against a Smooth U.S. EMV Migration

The United States with its several thousand credit and debit card issuers and more than a dozen payment networks presents a stiff challenge to the card industry as it tries to convert from magnetic-stripe stripe cards to Europay-MasterCard-Visa (EMV) chip cards, two industry veterans told a group of independent sales …

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New Verifone mPOS Device, Android Tablet Among Flurry of NRF Announcements

Several payments-industry vendors are making product and services announcements in conjunction with the National Retail Federation’s annual Big Show convention this week in New York. Verifone unveiled the PayWare Mobile e355, a mobile point-of-sale terminal that accepts magnetic stripe, near-field communication (NFC), Europay-MasterCard-Visa (EMV), and Apple Pay transactions. Available in …

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BluePay Acquisition Bolsters Integrated POS Efforts As New Exec Takes Over

  Merchant-services company BluePay Processing Inc. has bought CDI Technology Corp., which provides e-commerce software and payment services for companies that use business-management software such as Oracle JD Edwards and SAP. Terms of the deal were not disclosed. Lombard, Ill.-based CDI integrates e-commerce and payments into business-management software, often called …

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Latest Stats Show the ACH Growing Steadily As Players Mull Faster-Payments Proposal

Traffic on the automated clearing house network continues to climb at a steady clip as financial institutions and other users of the system mull over a proposal to speed up payments from next-day to same-day settlement. In the quarter ended Sept. 30, overall volume on the ACH grew 4.15% year …

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NACHA Opens Comment Period for Its New Proposal to Launch Same-Day ACH Settlement

NACHA on Tuesday opened for comment a sweeping proposal to introduce a same-day settlement mechanism for the automated clearing house network. The comment period will run through Feb. 6, the regulatory body for the ACH announced. If the proposal is approved, the ACH network will process almost 1.4 billion same-day …

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The FIDO Alliance Releases Version 1 of Its Post-Password Online Authentication Standard

The Fast IDentity Online (FIDO) Alliance, a non-profit with more than 150 members in banking, payments, technology, and other industries, on Tuesday published its first standard for a better system of online authentication than the common but vulnerable user name and password. “Today, we celebrate an achievement that will define …

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Will the Persistence of Checks Undermine Efforts To Build Faster-Payments Systems?

Financial institutions, processors, and regulators have been moving toward systems that speed up electronic payments, but ironically their success in replacing paper checks with electronic processing may undermine their efforts. That’s because image exchange, the process by which paper checks are replaced by electronic images for clearing, has driven down …

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