Saturday , March 6, 2021

Search Results for: POS system

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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Merchant Attrition Dipped in 2014 But Larger ISOs And Acquirers Saw Less Benefit

Merchant attrition fell to 21% in 2014, down from 22% in 2013, reflecting continuing merchant use of specialty point-of-sale software that helps them run their businesses in addition to enabling payment acceptance, finds a report from Adil Consulting. The report, “Merchant Attrition: Strategies, Tactics, Best Practices & Industry Benchmarking,” examines …

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How Targeting Criminals’ Sky-High ROI Can Help Thwart Online Fraud

Criminals targeting payment card data have a very hefty incentive, suggests the Trustwave 2015 Global Security Report. How much of an incentive? The return on investment in one example is 1,425%. Released Tuesday, the report quantifies the return on investment for a common type of online fraud, suggesting strategies to …

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