Thursday , March 28, 2024

Search Results for: POS system

Boston’s Transit System To Replace Its CharlieCard With Contactless Fare Payments

Less than a month after winning the contract to bring contactless fare payments to New York City’s vast subway and bus system, Cubic Transportation Systems won a $575 million contract from the Massachusetts Bay Transportation Authority to replace the CharlieCard, a fixture in Boston, with a modernized fare system centered …

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Grocery Distributor Adds POS Equipment and other Digital Transactions News briefs from 11/16/17

Point-of-sale services provider National Retail Solutions announced wholesale grocery distributor Pitco Foods is selling NRS POS terminals in its four warehouse stores. A court ordered PayPal Holdings Inc. to give the Canada Revenue Agency, the country’s national taxing authority, information about Canadians with PayPal business accounts who sent or received …

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Real-Time Payments Create New Possibilities—And Competitive Issues

Unless there is a potential fraud issue or customer dispute, very few of the trillions of transactions that cross U.S. electronic payment networks annually attract any attention. But the first transaction on The Clearing House’s new real-time payments system was so different that BNY Mellon, the bank originator, invoked the …

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The Clearing House’s Real-Time Payments System Goes Live

The Clearing House’s much-anticipated real-time payments system, dubbed RTP, went live late Monday afternoon, ushering in a new era of faster electronic payments in the United States. The transaction between The Bank of New York Mellon Corp.’s BNY Mellon subsidiary and U.S. Bancorp’s U.S. Bank was completed at 4:59:40 p.m. …

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Aiming at Larger Merchants, Square Launches a $999 Point-of-Sale System

Square Inc., which debuted more than seven years ago pursuing micromerchants with a free card reader, launched Square Register, a $999 point-of-sale system designed for larger merchants, it announced Monday. Square Register is a full-sized POS device that has merchant-facing and consumer-facing screens. Also available at $49 a month for …

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Mastercard Scrubs Its Signature Requirement for POS Transactions

Mastercard Inc. is doing away with a rule requiring merchants to get signatures for transactions made with its credit and debit cards in the United States and Canada. Announced early Thursday, Mastercard’s rule change goes into effect April 13, 2018, allowing issuers, merchants, and processors time to make adjustments, though …

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Community Bankers Ask the FDIC To Deny Deposit Insurance for Square’s Bank

Citing the heavier regulatory burden borne by conventional banks, the Independent Community Bankers of America trade group on Tuesday asked the Federal Deposit Insurance Cop. to deny merchant processor Square Inc.’s insurance application. San Francisco-based Square last month announced it would apply for an industrial bank charter from the state …

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Radial Purchased by bpost and other Digital Transactions News briefs from 10/9/17

Elan Financial Services, a processing unit of U.S. Bank, announced it has worked with Ondot Systems to allow two-way communications on the My Mobile Money app. The app now allows issuers to communicate directly with cardholders to confirm debit card transactions. Belgian postal operator bpost has acquired Radial, a U.S. e-commerce …

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Bluefin in POS Software Deal and other Digital Transactions News briefs

North American Bancard said it will offer its PayAnywhere 2-in-1 Bluetooth Credit Card Reader free to new PayAnywhere merchants. Payments encryption company Bluefin Payment Systems said its services are available to users of NeuLion, software used by college-ticketing organizations. POSDATA Group Inc. said its Louisville, Ky.-based facility has been point-to-point key injection-certified by the …

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Tabletop POS On the Menu

It’s where dining out, consumer affinity for self-service, and a desire to know more about consumers converge. Consumers are expected to spend $736.3 billion—yes, billion—on dining out in 2017. That’s a lot of credit and debit card payments. It’s enough to make the tabletop point-of-sale market a fiercely competitive one, …

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Digital Transactions