Monday , January 25, 2021

Search Results for: POS system

Checkout Startup SelfPay Eyes Expansion With Outside Funding Injection

By Kevin Woodward With more $1 million (Canadian) in new funding, self-checkout app SelfPay looks to expand its reach within retail stores. Toronto-based Digital Retail Apps says the funding, which is approximately $764,402 in U.S. currency, also will be used to secure more patents. Dallas-based Texas Ventures led the funding, …

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COMMENTARY: A Five-Point Checklist for Merchants Trying To Beat the EMV Clock

Credit card fraud in the United States is at epidemic levels. Last year, the U.S. accounted for more fraud than the rest of the world combined. And the fraud rates are accelerating. EMV technology, which has shown to greatly reduce in-store fraud in Europe, is finally being rolled out in the …

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Looking for Nationwide EMV by October? Don’t Hold Your Breath, Surveys Say

With just 55 days to go, separate studies released this week show that the Oct. 1 target date for the U.S. to adopt the EMV chip card standard is looking more and more like a psychological deadline than a real one. Both merchants and credit and debit card issuers are …

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In Health-Care Payments, EMV May Be a Driver, But Dodging PCI Is the Benefit

No category of payment-card-accepting merchants, including health-care providers, is immune from the EMV liability shift coming Oct. 1. Yet, some payments providers specializing in servicing clinics and hospitals say there is a lack of understanding among their clients that goes beyond what acquirers have found in other merchant categories. “Health …

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Eye on EMV: Unprepared Merchants in for a ‘Big Surprise;’ U.S. Conversion Lifts Ingenico

By Jim Daly Some merchant categories such as restaurants are moving slowly into EMV chip card acceptance ahead of the looming Oct. 1 liability shift because they experience little of the fraud EMV cards are intended to prevent, while others are going to find losses “winging back at them,” executives …

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Not Your Father’s ISO: How Tech Is Forcing Acquirers To Make a Crucial Choice

By John Stewart When the Internet, and then mobile and cloud-based technology, began to radically change the acquiring business, some independent sales organizations thought they could adapt by becoming software companies without changing the way they do business. They were wrong, and that mistake is costing them dearly, argues Rick …

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Merchant Attrition: Specialty Software And Education Help

Merchant attrition in the acquiring business fell to 21% in 2014, down from 22% in 2013. That may not sound like much, but in this business, where merchant processors and independent sales organizations struggle to replace each defecting client, it’s significant. The numbers come from a report released last month …

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Tablet World

  Mobile POS devices may not displace entirely the traditional countertop POS terminal, but they could come close. It emerged six years ago among the smallest of merchants and had only one function: accepting credit and debit card transactions. But now the mobile point-of-sale device and its attendant software have …

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EMV Confusion Helps Lift Encryption to Top of Merchants’ Security-Tech List

By Kevin Woodward Encryption technologies, which mask sensitive card data with mathematically derived characters and numbers, appear to be the security method that resonates best with merchants. That’s the result of a Digital Transactions News survey that asked about EMV, tokenization, and encryption. Forty-five percent of respondents cited encryption, followed …

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With Certification in Hand, Pivotal Aims FlexPoint Encryption Service at ISVs, VARs

Independent sales organization Pivotal Payments Inc. says its FlexPoint point-to-point encryption service for point-of-sale software systems has been certified by its processor, Total System Services Inc. (TSYS). FlexPoint, which launched in 2014 in Canada, encrypts payment data directly on the payment device and sends the encrypted data directly to the …

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