Saturday , October 24, 2020

Search Results for: POS system

Cover Story: Targeting the Traditional POS

By Kevin Woodward With the invasion of smart phones and tablets, the iconic payment terminal—and the entire point of sale—is getting a new look. Are the traditional terminal’s days numbered? Perhaps no other device serves as an icon of the payments industry like the point-of-sale terminal. Sitting on a merchant’s …

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Apple Job Posting Suggests It May Have a New Payments Platform on the Drawing Board

An Apple Inc. job posting seeking a software engineer with expertise in payments may be an indicator of an Apple play in payments beyond its current efforts. Or, it may not. The computer and retail giant is looking for a senior software engineer to “help build a next generation payment …

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Official Calls the Rollout of Chicago’s Ventra Fare-Payment Program a ‘Systemic Failure’

It’s been one bump after another for the Chicago Transit Authority’s new Ventra fare-payment system that includes a contactless prepaid MasterCard Inc. card. The latest came today when the chairman of a Chicago-area transportation oversight board dubbed Ventra’s rollout a “systemic failure” and called for an audit of the fare …

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A New Harbortouch POS Terminal Incorporates EMV and NFC Payments

  Independent sales organization Harbortouch has released a new payment terminal that incorporates near-field communication, a smart card reader and a magnetic-stripe reader. Dubbed Perkwave, the terminal, which carries no cost except for transactions processed through it, includes a contactless card reader adorned with a consumer-facing display. Point-of-sale device maker …

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Card Network Executives Take Care To Narrowly Define Proposed Token Standard

By John Stewart As dramatic as their joint tokenization announcement was on Tuesday, key officials with Visa Inc., MasterCard Inc., and American Express Co. cautioned on Wednesday against far-reaching industry speculation about how the announcement might affect or relate to other standards, including near-field communication (NFC) and the Europay-MasterCard-Visa (EMV) …

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Post-VeriFone, Bergeron Runs a $500 Million Warchest To Buy Payments Companies

By Kevin Woodward   Six months after leaving point-of-sale terminal maker VeriFone Systems Inc., Douglas G. Bergeron is leading a new enterprise targeting financial-services and payments companies for acquisition.   Dubbed Opus Global Holdings LLC, the new company has $500 million at its disposal to buy companies. Bergeron is collaborating …

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VeriFone Launches a Tablet POS Platform for ISOs It Sees Getting Squeezed by Tech Vendors

By John Stewart n Independent sales organizations are starting to feel squeezed by technology companies selling tablet-based point-of-sale solutions to merchants, according to terminal kingpin VeriFone Systems Inc. So VeriFone on Wednesday rolled out a tablet-based platform for its resellers that they can price and market to their merchants. n …

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Isis Adds Specialty POS Equipment Providers As It Readies Its National Rollout

By Jim Daly The Isis mobile-payments service on Wednesday said five specialty point-of-sale hardware makers would integrate Isis’s SmartTap technology into their products. The companies join a number of major POS terminal makers, including U.S. market leaders VeriFone Systems Inc., Ingenico S.A. and Equinox Payments, already committed to supporting Isis …

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Groupon Crashes Traditional ISO Business with a Move into POS Terminals

The acquiring business, already fraught with rivalry, became even more competitive on Wednesday with an announcement from daily-deals giant Groupon Inc. that it will supply traditional point of sale terminals to merchants as part of a new initiative under its payments division. The Chicago-based company, which last year jumped into …

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Sale of Financial-Service Unit Narrows Intuit’s Payments Focus on Acquiring, Mobile POS

Intuit Inc.’s sale of its financial-services division, which it announced on Monday, will likely narrow the Mountain View, Calif.-based software giant’s focus in the electronic-payments business, leaving it with an established stake in merchant processing and mobile acceptance. Intuit agreed to sell the financial division to private-equity firm Thoma Bravo …

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