Content about Payment systems

August 26, 2014

American prepaid card users are the leading users of mobile payments.

Rockville, Md. - American prepaid card users are the leading users of mobile payments. According to Prepaid and Gift Cards in the U.S., 4th Edition, a recent report by market research publisher Packaged Facts, smartphone penetration is actually higher among groups underrepresented by traditional banking products and services.

August 25, 2014

Cybera Inc., a provider of virtual application network services, has completed a new National Bankcard Service (NBS) payment Virtual Application Network (VAN) that enables connectivity between POS and NBS payment processors.

Nashville, Tenn. - Cybera Inc., a provider of virtual application network services, has completed a new National Bankcard Service (NBS) payment Virtual Application Network (VAN) that enables connectivity between POS and NBS payment processors. With this new partnership, Cybera has given NBS the ability to process payment through POS systems that emit payment through serial interface.

August 25, 2014

As payment and POS technology continues to evolve ever more rapidly, it is more critical than ever to make sure that your POS equipment is up-to-date.

By Jared Isaacman, Harbortuch

August 25, 2014

As payment and POS technology continues to evolve ever more rapidly, it is more critical than ever to make sure that your POS equipment is up-to-date.

By Jared Isaacman, Harbortuch

August 18, 2014

The National Retail Federation on Monday told the U.S. Supreme Court that the debate over debit card swipe fees is “of staggering importance” and asked the justices to review a ruling that left the Federal Reserve’s cap on the billions of transactions conducted each year at 21 cents rather than reducing it to a lower level.


Washington, D.C. -- The National Retail Federation on Monday told the U.S. Supreme Court that the debate over debit card swipe fees is “of staggering importance” and asked the justices to review a ruling that left the Federal Reserve’s cap on the billions of transactions conducted each year at 21 cents rather than reducing it to a lower level.


August 18, 2014

Mall owner Simon and payment solution-provider Blackhawk Network have teamed up to offer an enhanced Visa Simon Giftcard at select Simon malls, Premium Outlets and Mills, and online at Simongiftcard.com.

Indianapolis -- Mall owner Simon and payment solution-provider Blackhawk Network have teamed up to offer an enhanced Visa Simon Giftcard at select Simon malls, Premium Outlets and Mills, and online at Simongiftcard.com.

For the first time, the Simon Giftcard will also be made available outside Simon centers through Blackhawk's participating network of grocery stores and other third-party locations.

August 13, 2014

Amazon.com has entered into direct competition with digital payment providers Square and PayPal by releasing Amazon Local Register, a secure card reader and mobile app that allows retailers to accept credit and debit cards from a smartphone or tablet.

Seattle – Amazon.com has entered into direct competition with digital payment providers Square and PayPal by releasing Amazon Local Register, a secure card reader and mobile app that allows retailers to accept credit and debit cards from a smartphone or tablet. Users create an account, purchase a $10 card reader, and download a free mobile app.

August 13, 2014

Amazon.com has entered into direct competition with digital payment providers Square and PayPal by releasing Amazon Local Register, a secure card reader and mobile app that allows retailers to accept credit and debit cards from a smartphone or tablet.

Seattle – Amazon.com has entered into direct competition with digital payment providers Square and PayPal by releasing Amazon Local Register, a secure card reader and mobile app that allows retailers to accept credit and debit cards from a smartphone or tablet. Users create an account, purchase a $10 card reader, and download a free mobile app.

August 11, 2014

What are you currently doing about unredeemed balances on your company’s gift cards? Are these amounts being tracked, reported and paid over to your state of incorporation? If the answer to these questions is no, you could be at risk for significant liability, depending on the outcome of a case currently pending in Delaware.

By Breton Leone-Quick and Steve Ganis

August 8, 2014

Overstock.com is offering a private label credit card issued through Comenity Capital Bank.

Salt Lake City - Overstock.com is offering a private label credit card issued through Comenity Capital Bank. To pay using the Overstock.com store card, shoppers select that option when checking out.

They are then prompted to submit a brief application, after which approval is confirmed within seconds. The card number is stored in conjunction with the customer's Overstock.com account, though the customer also receives a physical card.

August 7, 2014

Bindo, a retail technology company, is launching a mobile Europay, MasterCard, Visa (EMV)-compliant credit card reader for its cloud-based iPad point-of-sale (POS) system.

New York -- Bindo, a retail technology company, is launching a mobile Europay, MasterCard, Visa (EMV)-compliant credit card reader for its cloud-based iPad point-of-sale (POS) system.

Bindo’s newly developed EMV reader has full end-to-end encryption with its iPad POS system and is both EMV Level 1 and Level 2 certified in the U.S.

August 6, 2014

Global Payments Inc. has signed a referral agreement with BitPay, a provider of business solutions for the Bitcoin digital currency.

Atlanta - Global Payments Inc. has signed a referral agreement with BitPay, a provider of business solutions for the Bitcoin digital currency. This relationship allows Global Payments to incorporate the cryptocurrency into its product suite and to offer Bitcoin payment acceptance to its worldwide merchants.

August 6, 2014

Mobile payments company Wipit Inc has developed a new omni-channel payment technology designed to allow in-app barcode payments at retail point-of-sale.

Pasadena, Calif. - Mobile payments company Wipit Inc has developed a new omni-channel payment technology designed to allow in-app barcode payments at retail point-of-sale. This technology compliments Wipit's existing network branded GPR card, in-app services, and e-commerce payment options from a prepaid cash mobile wallet.

August 6, 2014

Mobile payments company Wipit Inc has developed a new omni-channel payment technology designed to allow in-app barcode payments at retail point-of-sale.

Pasadena, Calif. - Mobile payments company Wipit Inc has developed a new omni-channel payment technology designed to allow in-app barcode payments at retail point-of-sale. This technology compliments Wipit's existing network branded GPR card, in-app services, and e-commerce payment options from a prepaid cash mobile wallet.

August 5, 2014

Newegg announced the addition of Visa Checkout, a new payment service that simplifies the process of buying online.

Los Angeles -- Newegg announced the addition of Visa Checkout, a new payment service that simplifies the process of buying online. Visa Checkout can be used when shopping Newegg from a desktop computer and mobile devices.

August 5, 2014

Newegg announced the addition of Visa Checkout, a new payment service that simplifies the process of buying online.

Los Angeles -- Newegg announced the addition of Visa Checkout, a new payment service that simplifies the process of buying online. Visa Checkout can be used when shopping Newegg from a desktop computer and mobile devices.

August 5, 2014

On dates ranging from October 19, 2013 and April 10, 2014, hackers compromised the security of credit card processing systems at 33 locations of the P.F. Chang’s restaurant chain in Florida, Maryland, New Jersey, Pennsylvania, Nevada and North Carolina, and may have stolen consumer credit card data.

Scottsdale, Ariz. – On dates ranging from October 19, 2013 and April 10, 2014, hackers compromised the security of credit card processing systems at 33 locations of the P.F. Chang’s restaurant chain in Florida, Maryland, New Jersey, Pennsylvania, Nevada and North Carolina, and may have stolen consumer credit card data. The U.S. Secret Service notified P.F. Chang’s of the breach on June 10, 2014 and P.F. Chang’s says it has been processing credit card numbers securely since June 11.

July 31, 2014

Posiflex has released three new POS terminals with projected capacitive flat, multi-touch, bezel-free touch screens as a standard feature, at no extra cost.

Hayward, Calif. -- Posiflex has released three new POS terminals with projected capacitive flat, multi-touch, bezel-free touch screens as a standard feature, at no extra cost. The XT5315 is a high-performance touchscreen terminal with a choice of three CPUs, capable of running demanding resource-intensive applications.

July 31, 2014

The U.S. Department of Homeland Security is warning retailers about a new, nearly indetectable computer virus known as “Backoff” that poses a threat to POS systems.

Washington, D.C. – The U.S. Department of Homeland Security is warning retailers about a new, nearly indetectable computer virus known as “Backoff” that poses a threat to POS systems. According to an advisory from Homeland Security, most antivirus software cannot recognize Backoff.

July 30, 2014

Amazon.com and Blackhawk Network Inc., a prepaid and payments network, have teamed up to bring customers a new way to manage and spend their gift cards.

Seattle – Amazon.com and Blackhawk Network Inc., a prepaid and payments network, have teamed up to bring customers a new way to manage and spend their gift cards. Using the new Amazon Wallet app, customers can more easily store, redeem and check the balance of gift cards from dozens of major retailers and restaurants.

July 30, 2014

PayPal is rebranding its Bill Me Later online credit service as PayPal Credit.

San Jose, Calif. – PayPal is rebranding its Bill Me Later online credit service as PayPal Credit. PayPal says it is making the name change as it moves credit more towards the center of our business, aligning it more closely with the overall brand.

In addition, PayPal plans to introduce PayPal Credit to the U.K. and Germany, based on requests from customers and retailers. The company also plans to expand PayPal Credit to other markets in the future.

July 30, 2014

First Data has taken a key step toward expanding its payment services by acquiring Gyft Inc., the Silicon Valley-based company that entered the $100 billion gift card market in 2012 and pioneered the concept of a mobile wallet for gift cards.

Atlanta -- First Data has taken a key step toward expanding its payment services by acquiring Gyft Inc., the Silicon Valley-based company that entered the $100 billion gift card market in 2012 and pioneered the concept of a mobile wallet for gift cards.

July 29, 2014

BJ’s Wholesale Club has signed a new long-term agreement for Alliance Data Systems Corp. to provide co-brand credit card services.

Westborough, Mass. – BJ’s Wholesale Club has signed a new long-term agreement for Alliance Data Systems Corp. to provide co-brand credit card services. The BJ's credit program will convert to MasterCard.

July 28, 2014

Fujitsu is partnering with OnCue Technologies, a developer of in-aisle point-of-information solutions, to resell OnCue Technologies' InfoCue and Expert OnCue mini-kiosk solutions to big-box, grocery, beverage and hardware retailers in the U.S.

Sunnyvale, Calif. -- Fujitsu is partnering with OnCue Technologies, a developer of in-aisle point-of-information solutions, to resell OnCue Technologies' InfoCue and Expert OnCue mini-kiosk solutions to big-box, grocery, beverage and hardware retailers in the U.S. OnCue Technologies' cloud-based, customizable mini kiosks enable retailers to deliver expert advice and product information to customers in the aisle without requiring employee training.

July 28, 2014

The National Retail Federation, Retail Industry Leaders Association, Food Marketing Institute, Merchant Advisory Group, National Association of Convenience Stores, National Grocers Association, and National Restaurant Association are jointly calling for an open and universal tokenization standard in the U.S. payments system.

Washington, D.C. – The National Retail Federation (NRF), Retail Industry Leaders Association (RILA), Food Marketing Institute (FMI), Merchant Advisory Group, National Association of Convenience Stores (NACS), National Grocers Association, and National Restaurant Association (NRA) are jointly calling for an open and universal tokenization standard in the U.S. payments system.