Friday , March 29, 2024

Search Results for: POS system

The Decade-Old PCI Council Looks Forward, But Some Things Don’t Change

By Jim Daly@DTPaymentNews The PCI Security Standards Council is now a decade old, and as it concludes its annual North America community meeting in Las Vegas Thursday it faces a payments-security landscape vastly changed from the one it confronted 10 years ago, with mobile payments, tokenization, and so-called fin-tech startups …

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MasterCard Faces U.K. Fees Lawsuit and other Digital Transactions News briefs

• A consumer class-action lawsuit filed by the United Kingdom government’s former financial-services ombudsman against MasterCard Inc. seeks 14 billion pounds ($18.6 billion) in damages for allegedly charging excessive merchant fees between 1992 and 2008, expenses merchants passed on to consumers. In a statement, MasterCard said it “firmly” disagrees with …

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Eye on Card Security: Two More Hotel Chains Report Data Breaches

By Jim Daly@DTPaymentNews Two hotel and resort chains this week reported apparent data breaches involving payment cards used at their locations. These latest compromises come less than two weeks after compromise occurred between early March and mid-June. Millennium, which has 14 luxury or boutique U.S. properties, isolated and then took …

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EMV, Chargebacks, And Security Are Top Three Payments Challenges for Retailers

By Kevin Woodward@DTPaymentNews No bones about it, adding EMV payment card acceptance to point-of-sale systems has been a challenge for retailers. Seventy-six percent of them, in the inaugural “State of Retail Payments 2016” study, said EMV implementation was their top challenge in the past 12 months. Other top challenges from …

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Funding Data Confirms It: In-Store Tech Is Exploding As the Point of Sale Modernizes

By John Stewart @DTPaymentNews It’s no secret the U.S. point of sale is undergoing perhaps the most extensive overhaul in its long and storied history, but now there’s evidence that a crowd of technology startups are sharing in the bounty that sweeping modernization is generating. Point-of-sale startups will likely reap …

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Green Dot Doubles 2Q Profit and other Digital Transactions News briefs

• Prepaid card provider Green Dot Corp. reported that second-quarter net income more than doubled from a year earlier to $7.78 million on a 2% increase in operating revenues to $173.5 million. While Green Dot’s active card count of 4.28 million was down 11% from a year earlier, purchase volume …

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Faster EMV Tech Might Leapfrog the Traditional Spec and Improve Consumer Perceptions

Card-brand efforts to improve consumers’ perceptions of EMV transaction speeds took a step ahead this week when a grocer debuted updated EMV software on its point-of-sale systems. New Seasons Markets, including its New Leaf Community Markets unit, is now using the Quick Chip and M/Chip Fast technologies from Visa Inc. …

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Eye on Earnings: Ingenico North America up 11%; Sales Up, Profits Down at TSYS

The U.S. migration to the EMV chip card standard continues to pay off for point-of-sale terminal maker Ingenico Group as the company reported a 14% increase in its North America revenue for the first six months of 2016. France-based Ingenico, in its earnings results released Tuesday, said it recorded 148 …

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Visa Closes its Visa Europe Acquisition and other Digital Transactions News briefs

• Banking and financial-services provider BNY Mellon announced its Treasury Services unit has introduced Tokenized Payments, a service that allows its clients to send real-time or next-day payments to consumers. The service relies on Early Warning Services LLC’s clearXchange network and allows payments using the recipient’s email address or mobile …

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Here Come the Developers

While they may account for a sliver of acquiring,  ISVs and VARs are poised for fast growth. But will ISVs still be distinguishable from ISOs in a few years? Software developers and their dealers are big news in the payments business these days. They’re the ones that make point-of-sale systems …

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Digital Transactions