Wednesday , January 27, 2021

Search Results for: POS system

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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Major Prepaid Card Providers Give a Polite Response to the CFPB’s Proposed Regs

Some of the nation’s largest prepaid card companies are either giving a public thumbs up to the Consumer Financial Protection Bureau’s proposed regulations for prepaid card accounts or at least not saying they’re spoiling for a fight with the federal government. Steve Streit, chairman and chief executive of Pasadena, Calif.-based …

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Revel Systems Lines Up $90 Million To Fuel Growth

  Tablet-based point-of-sale company Revel Systems says it has secured $90 million in Series C financing, a windfall it will use to keep up with growth for its iPad-based POS systems, the company announced Tuesday. Private equity firm Welsh, Carson, Anderson & Stowe, which has long invested in payments companies, …

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With October 2015 11 Months Away, POS Terminal Exec Doubts Mass Merchant EMV Adoption

Just because merchants have until next October to install terminals capable of processing chip cards and avoid shouldering liability for counterfeit card transactions doesn’t mean most of them will have done so by that date. Many experts, and a number of merchants themselves, have made that point. But major terminal …

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LoopPay Debuts CardCase, Working On Tokenized Data System

  Mobile payment provider LoopPay Inc. launched the LoopPay Card and CardCase, accessories meant to make it easier to use the mobile-payment service. After downloading the free Loop Wallet from the iTunes or Google Play stores, the user connects a Loop device to the phone. The user creates an account …

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Don’t Write off POS Terminals Just Yet

The Gimlet Eye The rapid emergence of mobile devices and mobile apps in retail settings has led some observers of the payments business to predict the near-term demise of the humble point-of-sale payments terminal. We demur, for reasons we lay out in our story “POS Terminals Have a Future, And …

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A Post-PayPal eBay Can Stock up on E-Payments

One implication of the breakup of PayPal Inc. and its parent company eBay Inc., announced by eBay at the end of September and planned for next year, is that eBay will likely be free to add a slew of alternative-payment methods for sellers to accept on its online marketplaces. For …

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Doing mPOS Strategically

Payments 3.0 The 30% annual growth of mobile point of sale (mPOS) over the past three years (footnote 1)  indicates that a new innovation is being rapidly adopted. The number of different companies providing mPOS devices, currently upwards of 200, is extraordinary even by the norms of the mobile phone-based …

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POS Terminals Have a Future, And It’s Looking Good

  Mobile POS services, integrated software, and migration to the EMV standard are all influencing sales of terminals. Cast aside any preconceptions about the imminent demise of the standalone point-of-sale terminal. That venerable device, which symbolizes payments in the minds of consumers—and recurring revenue for payments professionals—is not going away …

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MCX Implies Its Ready To Accept General-Purpose Cards, but Questions Remain

By Jim Daly Attempting to do damage control in the wake of an email hack and unfavorable publicity about retailers who want to accept other mobile wallets, the chief executive of the retailer-sponsored Merchant Customer Exchange LLC (MCX) mobile-payments service said Wednesday that MCX is working with general-purpose credit card …

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