Thursday , November 26, 2020

Search Results for: POS system

Shift4 Is Embroiled in an Antitrust Suit Alleging It Shuts out Rival Restaurant Processors

The ongoing consolidation of companies focused on point-of-sale systems for restaurants gave rise on Tuesday to an antitrust suit that seeks to reverse one of the most recent mergers among payment processors. Payment Logistics Ltd., a San Diego-based payments provider, alleges in its complaint that Shift4 Payments LLC is using …

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Keeping Up with the Evolving Payment Experience

Over the years, merchants have been continually forced to adapt to the changing needs and preferences of consumers. Now more than ever, we are living in a consumer-driven economy, and with evolving technologies, the power of the consumer has filtered all the way to the payments experience. As consumers increasingly …

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New Verizon Report Sheds Light on Hospitality-Industry Data Breaches

Data breaches at restaurants and hotels are nothing new, but a just-out report from Verizon Communications Inc. shows how extensively the hospitality industry gets hit by hackers. New York City-based Verizon, which besides telecommunications has a large business in investigating data breaches, says in its latest annual breach study that …

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A $3.4 Billion Deal Aims To Take VeriFone Private Again

VeriFone Systems Inc. once again is preparing to become a privately held enterprise, according to Monday’s announcement that an investor group led by Francisco Partners has agreed to buy the point-of-sale terminal and services provider for $3.4 billion. The deal, expected to close in the third quarter, values each VeriFone …

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Fattmerchant Signs eConduit Deal and other Digital Transactions News briefs from 4/6/18

Merchant processor Fattmerchant said its payments services will be available for clients of eConduit, which provides cloud-based connectivity for point-of-sale terminals used with POS systems, through sales partners. Dallas Fort Worth International Airport has begun a program that allows users to select a parking space online and prepay for it …

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Dorsey Invests in Blockchain Start Up and other Digital Transactions News briefs from 3/15/18

Blockchain start-up Lightning Labs raised $2.5 million in seed financing from investors that included Jack Dorsey, the CEO of Square Inc. and Twitter Inc., CNBC reported. Lightning Labs is developing technology that it says will make Bitcoin transactions faster and cheaper. The Square Cash app supports Bitcoin. BlockCypher, a blockchain …

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Nearly 92% of Square’s Transactions Are Being Made With Chip Cards

More than two years after the U.S. migration to EMV chip cards accelerated, evidence of the success of the effort continues to emerge. Merchant acquirer Square Inc. says nearly 92% of the transactions it processed as of December were made with EMV-enabled credit and debit cards. While the advent of …

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SignaPay Announces New Products and other Digital Transactions News briefs from 3/1/18

Point-of-sale equipment maker Ingenico Group announced a PIN-on-glass product suite that includes a secure card reader and a back-end verification service. Payments provider SignaPay Ltd. announced two new products, the PayHub Plus Payment Gateway and the PayLo Mynt POS System, which offers a variety of customized point-of-sale software packages. In …

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Don’t Know About TLS? You, and Your Merchants, Soon Will

A July 1 PCI Security Standards Council deadline is prompting payments providers to act well before then, with many establishing their own compliance deadlines in February. What has provoked this eagerness? It could be that noncompliance with the PCI mandate could halt merchant transactions that rely on the Internet. The …

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Why PIN on Glass Is the Next Big Thing

The key to higher acceptance rates for cards, lower fees for merchants, and better security lies in moving the point of sale from hardware to software, says Sam Shawki. There is no doubt that the continued progress in moving to digital forms of transactions has made a big impact on …

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