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    POS

    News about POS.

    MasterCard collaborates on speeding up EMV checkout

    May 26th, 2016

    MasterCard is working with other payment networks, acquirers and processors to develop a standard that will reduce EMV checkout times. “These efforts will be based on the company’s M/Chip Fast solution,” MasterCard says. “It builds on the principles of contactless or tap and go technology, helping to speed EMV transactions and shoppers through checkout lines. Testing and certification for M/Chip Fast is streamlined for efficient adoption.” The company unveiled M/Chip Fast in April 2016.

    US startup raises funds for multipurpose smart wallet

    May 26th, 2016

    US startup Spendwallet is raising funds on Indiegogo for an electronic wallet device that can store up to 20 magnetic stripe cards and will let the owner make payments at the point of sale using the company’s self-developed Magnetic Flux Emulation (MFE) technology. More

    Wells Fargo to add NFC-based mobile payments to banking app

    May 25th, 2016

    Customers of Wells Fargo Bank across the US will soon be able to make NFC-based mobile payments and ATM withdrawals with a tap of their phone using the Wells Fargo Wallet, a mobile payment service… More

    Wells Fargo to launch NFC mobile payments

    May 24th, 2016

    US bank Wells Fargo is expected to launch an NFC-based mobile payment service this week, according to the Los Angeles Times. “With mobile wallets such as the one Wells Fargo plans, consumers enter their credit card information in their phones before shopping with merchants who use NFC technology,” the publication reports. “The consumer holds the phone over a payment terminal and taps a button on the phone or enters a PIN.”

    Wirecard supports launch of Curve

    May 23rd, 2016

    German payments technology provider Wirecard is supporting the launch of Curve, a physical payment card that will let consumers store an unlimited number of bank cards and make contactless payments at POS terminals where MasterCard is accepted. “The card and smartphone app solution is supported by Wirecard’s technology, ensuring global usage of the Curve card,” Wirecard says. “Curve is initially providing the card to small business users.”

    Jones adds NFC and QR codes to smart packaging with Tuku

    May 23rd, 2016

    Pharmaceutical and consumer packaged goods companies can now add NFC tags and QR codes to packaging in order to send out messages, promotions and offers to their customers’ smartphones using an integrated solution developed by packaging provider Jones Packaging and mobile marketing specialist Tuku. More

    Samsung Pay expected to enable support for Alipay

    May 19th, 2016

    Samsung and Chinese internet giant Alibaba are to announce a collaboration on mobile payment systems this week, according to Yonhap News Agency. “The partnership with Alipay will allow Samsung Pay users to make payments for their offline purchases using Alipay’s QR codes and barcode scanners,” the publication reports.

    Samsung Pay adds membership and loyalty cards in the US

    May 19th, 2016

    Samsung Pay users across the US can now add their merchant membership and loyalty cards to the mobile payment service and receive savings, rewards and other offers by having a card’s barcode scanned by the cashier at the point of sale. More

    US Smart City Challenge adds NXP’s RFID tagging solutions

    May 18th, 2016

    PARTNER NEWS: The US Department of Transportation (USDOT) has expanded its Smart City Challenge initiative to include NXP’s RFID tagging solutions and smart card ICs. The addition of NXP RFID tagging will enable automatic vehicle… More

    NXP unveils POS reader solution

    May 18th, 2016

    PARTNER NEWS: NXP has introduced a point-of-sale reader solution — SLN-POS-RDR — that will enable customers to develop and launch contact and contactless payment systems into the market. “The solution platform is the first to leverage and combine NXP’s market leading contact payment card reader silicon and a high-power NFC contactless frontend solution (PN5180),” the company says. “The POS reader solution is available now to lead customers, shipping to new customers in Q3.”

    Android Pay launches in the UK

    May 18th, 2016

    Google has launched its Android Pay mobile payment service across the UK, allowing consumers to make payments at any contactless terminal with a tap of their Android handset. The service launches with support from MasterCard, Visa and eight British banks, “with new banks being added all the time,” the company says. More

    South African community shops to get NFC payments using stickers

    May 17th, 2016

    South African consumers will soon be able to make payments using an NFC sticker on the back on their mobile phone via a service launched by mobile financial services provider MobiCash and mobile payments platform Boloro…. More

    MCX delays launch of CurrentC and cuts 30 jobs

    May 17th, 2016

    US retailer-led consortium MCX has postponed the nationwide rollout of its CurrentC mobile wallet and has laid off approximately 30 of its employees. The decision was taken in order to “concentrate more heavily” on other… More

    Walmart rolls out Walmart Pay across Arkansas and Texas

    May 17th, 2016

    US supermarket chain Walmart has begun rolling out its QR code-based mobile payment service in Arkansas and Texas. Walmart Pay is now available in all 480 Walmart stores across Texas and at more than 110 locations in Arkansas. More

    Barclays to roll out HCE mobile payments across the UK in June

    May 12th, 2016

    Barclays is to begin rolling out a host card emulation (HCE) based mobile payment feature to its mobile banking app in June, the UK bank has confirmed to NFC World. The service — known as Barclays Contactless Mobile — will enable customers to make transactions at any contactless terminal as well as pay for services across Transport for London (TfL) with a tap of their Android device. More

    Contactless donation terminals will help hungry schoolchildren

    May 9th, 2016

    Contactless payment terminals have been placed in cafes and restaurants in London and Oxfordshire to enable consumers to make a 30 pence donation to the Mary’s Meals charity and help feed hungry schoolchildren in developing countries. More

    EMV Migration Forum releases EMV testing and certification white paper

    May 5th, 2016

    The EMV Migration Forum has released a white paper that explains the requirements for testing and certifying contact and contactless chip-enabled terminals and details the most up-to-date requirements and processes from the global payment networks. The ‘EMV Testing and Certification White Paper: Current Global Payment Network Requirements for the US Acquiring Community’ identifies use cases when testing or retesting is required for EMV chip and contactless terminals, when retesting is recommended as best practice and when only standard internal testing is advised.

    Kohl’s integrates Apple Pay with reward points

    May 5th, 2016

    Customers at approximately 250 branches of US department store chain Kohl’s can now earn Yes2You Rewards loyalty points when they use Apple Pay to pay for their purchases at the checkout with a Kohl’s Charge card. More

    Paytm moves towards launching payments bank

    May 4th, 2016

    Indian mobile payments provider Paytm has partnered with IT services company Wipro for the launch of its payments bank, which is expected in the first quarter of this fiscal year. “Wipro will implement core-banking solutions for Paytm and also the programme to manage the integration of other key systems,” says The Economic Times. The company plans to double its in-store merchant acceptance to four million locations this year.

    Australian digital payments to reach nearly A$1.9bn by 2020

    May 4th, 2016

    Digital payments across Australia, including those made with a mobile device at the point of sale, will be worth A$1.897bn (US$ 1.42bn) by 2020, Frost & Sullivan predicts. “Mobile payments are expected to take off in 12-18 months,” says the firm’s Saranga Sudarshan. “Apple Pay and Android Pay will revolutionise this market. Smartphone prevalence facilitates a high adoption rate for a more convenient and secure form of paying, compared to physical cards or cash.”

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