Thursday , March 28, 2024

Search Results for: POS system

VeriFone’s Way Systems Deal Bolsters Its Strategy

With its acquisition of mobile-terminal maker Way Systems Inc., VeriFone Systems Inc. picked up a small, struggling company facing plenty of competition in the market for mobile point-of-sale hardware and services. But the San Jose, Calif.-based terminal kingpin also bolstered a linchpin strategy in its efforts to diversify beyond POS …

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Touting Cost Savings, NACHA Launches Pilot for Deposited Checks

NACHA, the regulator for the automated clearing house network, announced on Tuesday it has launched a long-awaited pilot for a payment method that would let banks convert low-value consumer checks into electronic transactions and then clear them through the ACH. The method, called Deposited Check Truncation (DCT), is intended to …

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Mobile Deposit Capture Takes Strides with PayPal And a Mitek Patent

Mobile remote deposit capture took a couple of steps forward over the past week, though how big those steps are won’t be known for a while. First, alternative payments leader PayPal Inc. indicated that it was configuring its application for Apple Inc.’s iPhone to handle mobile remote deposit. And mobile …

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Bullish on the iPad, Square Says It Will Be a POS Game Changer

With application developers rushing to bring apps to market for Apple Inc.’s immensely popular iPad tablet computer, payment service provider Square Inc. is predicting the iPad will become a game changer in wireless payments, and says that it will aggressively pursue developing iPad applications that enrich the transaction experience. The …

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Mitek-NetDeposit Deal Lends More Impetus to Mobile Capture

NetDeposit LLC, which this week announced it will support a mobile remote deposit capture product from San Diego-based Mitek Systems Inc., expects to have the service ready for financial-institution clients “some time” in the third quarter, says Chris Styga, executive vice president of the financial-service solutions group for the Salt …

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Settlements Still Leave Many Post-Breach Legal Woes for Heartland

With two settlements announced in less than a week, merchant acquirer Heartland Payment Systems Inc. is putting some of the legal repercussions of its huge data breach behind it as 2009 draws to a close. But most of the legal troubles Heartland faces in the wake of the breach it …

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NACHA Proposes to Use WEB for Mobile Payments, for Now

The rules-setting body of the automated clearing house plans to classify mobile ACH transactions under the existing WEB code rather than create a new code for such payments, at least for the short term. Mobile payments could get their own code some time after 2010. Those ideas are part of …

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PCI Report Poses a Quandary: Where Did 1 Million Merchants Go?

The biggest merchants are moving toward 100% compliance with the Payment Card Industry data-security standard, or PCI, but compliance among small card acceptors remains much lower, according to second-quarter statistics from Visa Inc. None of that is a surprise given PCI compliance trends in recent years. But just how far …

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Single-Branch USAA Looks to iPhone App to Capture More Deposits

USAA, one of the pioneers of remote deposit capture, leaped to the technological frontiers again on Tuesday with the addition of remote deposit capture capabilities to its three-month-old mobile-banking application for Apple Inc.'s iPhone. The new feature enables customers to snap a picture of a check's front and back, and …

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A Mitek-Fiserv Deal Lifts Prospects for Mobile Deposit Capture

Mitek Systems Inc., whose software allows users to create check images with their camera phones and then use the handsets to send the images to banks for deposit, signed its biggest processor to date this week for the six-month-old technology. Milwaukee-based Fiserv Inc. agreed to adopt Mitek's Mobile Deposit product …

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