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    POS

    News about POS.

    Boon launches in the UK and adds Apple Pay support

    May 3rd, 2016

    Consumers across the UK can now make host card emulation (HCE) based mobile payments using German payments technology provider Wirecard’s Boon service. The service has also been integrated into Apple Pay for the first time, enabling those… More

    Turkey aims to be cashless by 2023

    May 3rd, 2016

    Turkey has introduced its own card payment system in an attempt to move towards a cashless society by 2023. Known as Troy, the system has been built into all point-of-sale terminals and ATMs across the… More

    SumUp and Payleven merge

    April 29th, 2016

    UK mobile payment companies SumUp and Payleven have announced that they are to merge and operate as one company under the SumUp name. “By joining forces, the combined company will be perfectly positioned to leverage both SumUp’s proprietary end-to-end hardware and payment platform and Payleven’s leading merchant acquisition capabilities to accelerate growth in a very dynamic market,” SumUp says. “Existing merchants are not affected by the transaction.”

    Deutsche Bank to launch NFC payments in Q3

    April 28th, 2016

    Customers of Deutsche Bank will be able to make NFC mobile payments using the version of its mobile banking app that will become available for Android in the third quarter of this year. “Contactless payment at the point of sale based on NFC is scheduled to become available when the Android version of the app is released,” the bank says. Deutsche Bank ran a trial in December 2015 of technology that verified the identity of their customers by the way they handle and hold their mobile device.

    MasterCard to reduce EMV checkout time

    April 28th, 2016

    MasterCard has unveiled M/Chip Fast, a technology advancement designed to help speed up EMV transactions at the checkout. “A shopper inserts his or her card into an M/Chip Fast-enabled terminal,” the company explains. “M/Chip Fast provides counterfeit fraud protection by creating a unique code for each transaction. Once the code is generated, the card can be removed from the reader.” The announcement follows the unveiling of Visa’s Quick Chip for EMV service.

    European spend on payments technology to rise

    April 26th, 2016

    Nearly three quarters of European retailers and financial institutions (71%) plan to increase their spending on payments technology in the next 18 to 24 months due to increasing competition and a feeling of being “under siege”, research from ACI Worldwide and Ovum shows. “Banks are seen as the primary provider of payment services by European retailers,” says ACI Worldwide. “87% want to work directly with banks.”

    Walmart Pay goes live for iPhone users

    April 22nd, 2016

    US retail giant Walmart has begun rolling out its Walmart Pay QR code-based mobile payment service for iOS devices. The service has been added to the latest update of the Walmart iPhone app, enabling customers to register credit, debit and gift cards for making payments at the checkout. The company announced the launch of Walmart Pay in December 2015 and says that it will be “available in all stores soon”.

    Fibank launches HCE in Bulgaria

    April 21st, 2016

    Customers of First Investment Bank (Fibank) of Bulgaria can now make host card emulation (HCE) based payments through its mobile banking app using a digital card supplied by MasterCard. The service makes use of technology supplied… More

    Micromax to launch NFC mobile payments with TranServ and Visa

    April 21st, 2016

    Handset maker Micromax will soon begin offering its customers in India an NFC mobile payment service through a collaboration with Visa and payment solutions provider TranServ. More

    Visa tech speeds up EMV checkout time

    April 20th, 2016

    Visa has launched Quick Chip for EMV, a technology enhancement that speeds up the checkout time when paying with an EMV card. “The Quick Chip specification is available free-of-charge to payment processors, acquiring banks and other payment networks to offer to merchants,” Visa says. “The upgrade streamlines the processing of chip card transactions to enable customers to dip and remove their EMV chip card from the terminal, typically in two seconds or less — several merchant processors, terminal providers and vendors plan to implement and offer Quick Chip in the coming months.”

    Samsung Pay teams with POS makers to boost adoption

    April 20th, 2016

    Samsung Pay has teamed up with global point of sale providers Verifone, Ingenico, First Data and Clover, PAX Technology, Equinox, ID Tech, MagTek, USA ePay and OTI Global to accelerate the adoption of the mobile payment service. “The announced partnerships will help systematically test and validate the different POS systems in the field to ensure maximum compatibility and universal acceptance for Samsung Pay,” the company says.

    NXP and HID Global to enable wearable devices to unlock doors

    April 20th, 2016

    PARTNER NEWS: NXP has teamed up with HID Global to work on enabling consumers to open electronic locks at commercial buildings, hotels and workplaces with a tap of an NFC wearable device.  More

    Mobile payments will overtake cards and cash by 2025, says UK retailer

    April 19th, 2016

    UK retailer The Co-Op has predicted that 65% of all transactions at its supermarkets and convenience stores will be made using mobile phones by 2025. The forecast follows research released by the company which shows that almost 11m contactless transactions now take place at its 2,800 locations every month. More

    Nets to launch HCE mobile payments in Denmark

    April 19th, 2016

    Nordic payments service provider Nets is to launch a mobile payment service in Denmark in autumn 2016 that will use host card emulation (HCE) technology from Japanese card issuer JCB, the two companies have announced. More

    WeChat integrates with Givex to push in-store presence

    April 14th, 2016

    Chinese ecommerce giant Tencent’s WeChat mobile payments and messaging app has been integrated with Givex’s Vexilor point-of-sale solution to enable users of the service to make in-store purchases by scanning a QR code. More

    Shake enables Bitcoin payments using NFC

    April 13th, 2016

    Bitcoin wallet provider Shake has introduced the first version of its app to let consumers make everyday purchases using the virtual currency with a tap of their NFC device at any contactless terminal. Shake Alpha will also enable users to make online payments using a web app that displays their virtual card. The company is now inviting users to sign up for early access to the service.

    ShopKeep reports on mobile payment adoption

    April 12th, 2016

    Nearly nine in ten US merchants using ShopKeep technology (87%) have seen little-to-no adoption of mobile payments at their business in the past six months, research released by the POS system provider reveals. “Despite these findings, 59% of small businesses still predict that, in the next two years, 50% of consumers will be using mobile payments such as Apple Pay as their primary payment method,” ShopKeep adds.

    Orix to push Alipay in Japan

    April 12th, 2016

    Financial services provider Orix is to promote Ant Financial’s Alipay mobile payment platform in Japan and encourage more stores to accept the service. “The Japanese group will offer leasing of the terminals, which can cost up to 300,000 yen (US$2,685) or so to buy, to reduce adopters’ upfront expenses,” Nikkei reports. “Orix will market Alipay mainly to retailers popular with Chinese tourists.” The report comes as Alipay announced its expansion into Europe last week.

    Tourists in Japan to get fingerprint payments by 2020

    April 12th, 2016

    The Government of Japan is to pilot a system that would let tourists verify their identity and make in-store payments using their fingerprint. “The experiment will have inbound tourists register their fingerprints and other data, such as credit card information, at airports and elsewhere,” The Japan News reports. “Tourists would then be able to conduct tax exemption procedures and make purchases after verifying their identities by placing two fingers on special devices installed at stores.” The system is expected to roll out across the country by 2020.

    Adobe prototype store uses RFID shopping bags

    April 11th, 2016

    Shoppers at Adobe’s prototype “store of the future” in Las Vegas are being given RFID chip-enabled shopping bags that allow them to purchase items simply by putting the bags on a checkout counter. “The bags automatically inventory any items put in them and then charge a customer’s credit card when they exit the store,” Fast reports. “Beacons in the store help the retailer identify the customer.”

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