Fintech News

JULY 3, 2024

It digitizes and can replace a credit or debit card chip and PIN transaction at a contactless-capable point-of-sale (POS) terminal. Apple Pay is a mobile payment service that allows users to make payments in person, in iOS apps and on the web.

Finance 98

Finance Online and Mobile Banking Micro-Entry Non-Bank 98

PYMNTS

DECEMBER 7, 2016

6) it has been chosen by Red Roof Inn to deploy a new point-of-sale (POS) system across its over 470 properties. In a press release, Ingenico said, by implementing its iSC Touch 480 smart terminals, Red Roof has transformed its traditional checkout experience with a fast and easy multimedia POS.

EMV 62

EMV Point-of-Sale (POS) CHIPS Encryption 62

PYMNTS

OCTOBER 22, 2020

s struggles toward universal adoption in the European Union is reminiscent of EMV chip cards’ rise — a similar journey that aimed to solve a different fraud problem. changeover should be easier to make because there isn’t a heavy hardware investment baked in — unlike the switch to chip and PIN cards. Why 3DS 2.0

EMV 88

EMV CHIPS Point-of-Sale (POS) Push-to-Card 88

PYMNTS

MARCH 30, 2016

Cybersecurity firm FireEye warns of the dangers that custom-built malware poses to retailers due to its ability to capture payment card details directly from retail point-of-sale (POS) systems.

EMV 47

EMV Point-of-Sale (POS) CHIPS Cybersecurity 47

PYMNTS

OCTOBER 21, 2020

Morgan is bringing payments to the point of sale (POS), with an eye on making inroads into a landscape dominated by firms such as PayPal and Square. Those latter two firms have been in the in-store POS market for quite some time (Square, for example, since 2009). and, by extension, the U.S. As reported this week, J.P.

Point-of-Sale (POS) 122

Point-of-Sale (POS) Push-to-Card PayPal Volume 122

PYMNTS

AUGUST 7, 2017

Instead of a dongle, micromerchants download an app which turns their NFC-enabled phone into a point of sale (POS) system in minutes. The POS is capable of doing business with anyone who has a contactless card or NFC-enabled smartphone. First, users can have a customer tap their EMV chip card directly on the phone.

Point-of-Sale (POS) 40

Point-of-Sale (POS) Chip Cards CHIPS Contactless Payments 40

Clearly Payments

SEPTEMBER 16, 2024

Contactless payments can be made with physical cards embedded with NFC chips or through mobile wallets like Apple Pay and Google Pay, providing a seamless, touch-free payment experience. market still has some room to grow due to its continued reliance on magnetic stripe and chip-and-signature cards. However, the U.S.

Contactless Payments 52

Contactless Payments Push-to-Card Payments Transactions 52

Stax

JANUARY 5, 2024

These are referred to as “card-present” transactions, which basically just means the cardholder and credit card is physically present at the time of sale. For this type of transaction, your best payment terminal option would be a countertop point-of-sale (POS) model.

Credit Cards 88

Credit Cards Debit Card EMV CHIPS 88

PYMNTS

MARCH 4, 2019

” In addition, the company said that users can accept payments fast — in under three seconds for chip cards — and they can key in payments even if they don’t have a signal. Users can also receive deposits as soon as the next business day or instantly “for just an extra 1% per deposit.”

Point-of-Sale (POS) 60

Point-of-Sale (POS) Chip Cards Adjustments Volume 60

PYMNTS

FEBRUARY 18, 2020

Overseas payments are also free, with online, contactless and chip-and-PIN payments available. The new card was developed to streamline end-to-end processes — point of sale (POS), payments, funds availability. All purchases and balances are monitored through the SumUp App. Aside from the U.K.,

Visa 56

Visa Business Payments Point-of-Sale (POS) Payments 56

PYMNTS

APRIL 3, 2018

Ingenico said in an announcement that KFC customers will still be able to pay using all forms of electronic payment, such EMV chip & PIN, EMV chip & sign, magstripe and NFC/contactless. to Ingenico Group ’s Telium Semi-Integrated solution. chief information officer.

Payment Solutions 40

Payment Solutions EMV Point-of-Sale (POS) CHIPS 40

PYMNTS

NOVEMBER 9, 2017

8) of the launch of NCR Silver Quantum, an all-in-one point-of-sale (POS) station featuring an integrated payment device that comes equipped with mobile wallet acceptance capability, customer display, a loyalty scanner and a Samsung Galaxy tablet. NCR and Samsung Electronics America announced news on Wednesday (Nov.

Point-of-Sale (POS) 40

Point-of-Sale (POS) CHIPS EMV NOV 40

PYMNTS

JANUARY 24, 2019

The contactless card opportunity for community banks stems from the expiration of first-generation EMV chip cards, she told Webster. She noted that, ever since EMV chip cards were introduced in the U.S., A contactless card costs roughly a dollar more than a “standard chip card,” Giorgio explained. Let’s break that down a bit.

Community Banks 62

Community Banks EMV Chip Cards Contactless Payments 62

PYMNTS

MARCH 9, 2018

Stripe , the $9 billion payments processing startup, has acquired point-of-sale (POS) software developer Index. Index, which was backed by former Google CEO Eric Schmidt’s venture capital firm Innovation Endeavors, is well-known for its software for PIN pads that is able to read a chip card in under a second.

Point-of-Sale (POS) 43

Point-of-Sale (POS) Chip Cards CHIPS Credit Cards 43

Stax

APRIL 18, 2024

The merchant’s point-of-sale (POS) system sends an authorization request to the acquiring bank (also known as the merchant bank) via a payment gateway. For in-person payment processing you’ll need: A point-of-sale (POS) system that serves as the central hub for in-person transactions.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

Payment Savvy

JULY 3, 2024

The cardholder swipes, dips, or taps their debit card at the merchant’s physical point of sale (POS) terminal. Once the card is swiped, tapped, or details entered, the merchant’s POS system or payment gateway captures the transaction details.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Stax

NOVEMBER 6, 2023

Thanks to these modern payment solutions, credit card, and debit card users can now complete their purchases without swiping or inserting their cards at the point of sale (POS) terminals. To accept mobile payments, businesses need to upgrade their point-of-sale (POS) systems to ones that support NFC or mobile payment apps.

Mobile Payments 88

Mobile Payments Online and Mobile Banking Debit Card Payments 88

PYMNTS

MARCH 7, 2018

TouchBistro, the provider of iPad point-of-sale (POS) software for restaurants, has announced the launch of TouchBistro Payments powered by WePay.

Instant Payments 40

Instant Payments Process Point-of-Sale (POS) Payments 40

FICO

MARCH 7, 2016

Despite colorful wall banners proclaiming “Use your chip!” and instructional, professionally produced signage, I still removed my card from the EMV reader too soon because of confusing messages on the point of sale (POS) terminal. I even fought my instinct to do a fast dip; I had left the card in there.

EMV 65

EMV Mobile Payments CHIPS Point-of-Sale (POS) 65

PYMNTS

NOVEMBER 27, 2019

The expansion of EMV chip-enabled payment cards has made it more challenging for fraudsters to steal credit card information at the point of sale (POS). Fraudsters, sadly, are also taking notice and are looking to take advantage of heightened retail activity to steal data and goods.

AI 60

AI Point-of-Sale (POS) Card Issuer Credit Cards 60

PYMNTS

AUGUST 7, 2018

Ireland -based Worldnet has teamed up with ID TECH to deliver Quickchip in its GoChip point-of-sale (POS) products, the companies said in an announcement. The Quickchip technology seeks to deliver a “one-second” chip card transaction for the consumer and to provide the merchant with greater fraud protection.

Point-of-Sale (POS) 40

Point-of-Sale (POS) CHIPS Chip Cards Transactions 40

PYMNTS

DECEMBER 12, 2017

11) that it will stop requiring merchants to collect signatures for purchases at the point of sale (POS). Payments processor American Express announced Monday (Dec. The move will provide a more consistent and speedier in-store checkout experience for merchants and American Express cardholders.

Point-of-Sale (POS) 47

Point-of-Sale (POS) Credit Cards Debit Card Authentication 47

PYMNTS

FEBRUARY 10, 2017

Despite the growing usage of EMV chip card technology to help safeguard payment card data at the point of sale (POS), cybercriminals are turning to devices called “shimmers” to read card numbers and possibly access a card’s chip and obtain the PIN.

Account Takeovers 56

Account Takeovers CHIPS Chip Cards Fraud Detection 56

PYMNTS

FEBRUARY 3, 2020

Skimming tools are frequently used by bad actors to access consumers’ sensitive payment information, as these devices can be attached to ATMs, gas station pumps, point-of-sale (POS) systems and other payment terminals.

Debit Card 52

Debit Card Assessments Data Breach Online and Mobile Banking 52

PYMNTS

JANUARY 10, 2020

The breach was tied to point-of-sale (POS) malware. Cryptos: The idea that cryptos will chip away at the central banking model may be losing steam, bit by bit. In a bit of more recent news, Landry’s Inc. , The wild card, now, is tied to geopolitics. Mall Vacancies: U.S. Qatar has banned the trading of cryptos.

Point-of-Sale (POS) 56

Point-of-Sale (POS) Cybersecurity Data Breach Breach 56

PYMNTS

MAY 2, 2019

Beyond the headline numbers, the company showed continued traction with larger sellers across its traditional point-of-sale (POS) products, and in newer offerings spanning debit cards and lending. Square reported earnings results — and guidance — for its fiscal Q2, sending shares down 5 percent in after-hours trading.

Volume 56

Volume Debit Card Point-of-Sale (POS) Push-to-Card 56

Clearly Payments

NOVEMBER 17, 2023

EMV transactions utilize a chip-and-pin or contactless , enhancing the security of payment processes compared to traditional magnetic stripe cards. Encouraging customers to use chip-enabled cards and upgrading point-of-sale (POS) systems to accommodate EMV transactions can be integral steps in this strategic approach.

Credit Cards 52

Credit Cards Process EMV Processors 52

PYMNTS

AUGUST 21, 2017

There’s no point in rapidly processing a high volume of EMV chip card transactions unless the process is also secure. Older point of sale (POS) systems used unencrypted reading technology and opened up merchants to risk because they were unable to do stored EMV transactions offline. Technology Upgrades.

Point-of-Sale (POS) 40

Point-of-Sale (POS) EMV Chip Cards CHIPS 40

PYMNTS

SEPTEMBER 19, 2019

Merchants that deal with live customers can use chip-enabled point-of-sale (POS) terminals, an EMV-enabled technology that can keep payment card data secured at the POS and assure customers that their data will be protected. .

AI 51

AI EMV Point-of-Sale (POS) Online and Mobile Banking 51

Clearly Payments

DECEMBER 5, 2023

The 1980s brought about the widespread adoption of point-of-sale (POS) terminals , making it more convenient for merchants to accept credit card payments. The past decade has been characterized by a focus on enhancing security measures, with the widespread adoption of EMV (Europay, Mastercard, Visa) chip technology.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

PYMNTS

OCTOBER 19, 2017

The Florida Restaurant and Lodging Show’s top prize went to PayMyTab , a mobile app and device that enables diners to settle their checks from the comfort of their seats, whenever they’re ready, using their secure EMV chip-enabled credit card. part of socializing and let users get back to just hanging out with friends.

Point-of-Sale (POS) 50

Point-of-Sale (POS) Venmo EMV CRM 50

PYMNTS

NOVEMBER 5, 2019

The company sells pay-by-sound technology that requires no point-of-sale (POS) upgrades. LISNR is one company involved with gas station, convenience store and general retail transactions. What LISNR brings to the table is using sound waves — specifically, ultrasonic ones — for transactions.

EMV 40

EMV Point-of-Sale (POS) CHIPS Consumer 40

PYMNTS

APRIL 12, 2018

The transition to the EMV chip in North America has been both a boon and a bit of a headache when it comes to payments security. chip-enabled merchants was down 66 percent in June of 2017 compared to June of 2015. According to Visa, counterfeit fraud at U.S.

Point-of-Sale (POS) 50

Point-of-Sale (POS) EMV CHIPS Push-to-Card 50

PYMNTS

NOVEMBER 3, 2017

Such is the case with EMV — the chip that allows customers to pay with a credit card by inserting or “dipping” it into a point-of-sale (POS) card reader instead of swiping the old mag stripe. billion EMV chip cards in circulation. Two years later, only half of U.S. merchants are EMV-enabled. Today, there are 1.2

EMV 43

EMV Contactless Payments CHIPS Chip Cards 43

PYMNTS

APRIL 5, 2016

Take what happened just last week, when the TREASUREHUNT malware, from out nowhere (as is predominantly the inherent business model, as it were, of malware), escalated from its initial version that had been around since late 2014 to suddenly pose the very real threat of capturing credit card details directly from retail point-of-sale (POS) systems.

Data Security 40

Data Security Security EMV Point-of-Sale (POS) 40

Nanonets

SEPTEMBER 28, 2023

Here are some of the most common: ACH (Automated Clearing House) Transfers Wire Transfers Credit Card/ Debit Card Transactions as EFT Mobile Payments Electronic Checks (eChecks) Point-of-Sale (POS) Payments Direct Deposits Recurring Payments EFT accounts can be checking or savings.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wires 52

Nanonets

SEPTEMBER 28, 2023

Here are some of the most common: ACH (Automated Clearing House) Transfers Wire Transfers Credit Card/ Debit Card Transactions as EFT Mobile Payments Electronic Checks (eChecks) Point-of-Sale (POS) Payments Direct Deposits Recurring Payments EFT accounts can be checking or savings.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wires 52