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    POS

    News about POS.

    US consumers to use loyalty points as currency for in-store payments

    January 13th, 2017

    US consumers will soon be able to purchase goods using loyalty points from multiple programs through Verifone Points Redemption, a new service designed for merchants which connects to third party loyalty programs and alerts shoppers… More

    Palm vein authentication system launched for mobile devices

    January 13th, 2017

    A palm vein authentication system compact enough to be used in tablets and other mobile devices as “dependable as current optical units” has been unveiled by Japanese electronics firm Fujitsu. The company says it expects… More

    PayPal extends NFC payments with Discover

    January 12th, 2017

    US consumers will be able to make NFC mobile payments using PayPal at the point of sale wherever Discover is accepted, and use their Discover Cashback Bonus to pay at online and mobile merchants that accept PayPal. “The agreement provides PayPal with access to Discover’s tokenization services,” PayPal says. PayPal extended its support for NFC mobile payments through a deal with Visa in July 2016 and partnership with Mastercard in September.

    Biometric payments pilot to test palm vein replacement for cards

    January 10th, 2017

    South Korea’s Financial Services Commission (FSC) is planning to launch a pilot in the first half of 2017 that will allow consumers to make payments at the point of sale using palm vein authentication technology,… More

    Korean central bank to put small change on cards

    January 9th, 2017

    The Bank of Korea (BOK) is to pilot a service that allows merchants to give customers change in the form of a top-up onto a prepaid card instead of coins. The project forms part of… More

    STMicroelectronics to use NFC assets acquired from AMS to deliver next-generation solutions

    December 23rd, 2016

    PARTNER NEWS: STMicroelectronics (ST) will use its July acquisition of NFC and RFID products, resources, technologies and intellectual property from AMS to create a new generation of high-performance NFC solutions for both mass-market and vertical-market… More

    Mahindra Comviva takes digital payment services to the cloud

    December 19th, 2016

    PARTNER NEWS: Mobile financial solutions firm Mahindra Comviva’s Mobiquity Wallet and PayPlus digital payment services are now available in the cloud, enabling banks to “deploy services faster, adapt to markets quicker and serve their customers… More

    Samsung Pay prepares for India launch

    December 19th, 2016

    Samsung Pay is testing its mobile payment service in India, and could be launched there in the first half of 2017, SamMobile reports. “Since India does not have many NFC-equipped point-of-sale devices, Samsung Pay’s MST (magnetic secure transmission) functionality would be a boon to users,” the publication adds. The move follows the withdrawal of Rs 500 (US$7) and Rs 1,000 ($14) notes across the country in November 2016.

    Paypal partners with US bank and fintech provider

    December 16th, 2016

    Paypal has announced new partnerships with US bank Citi and financial technology services provider Fidelity National Information Services (FIS). The deal with Citi will see Citi cardholders able to use their card through PayPal at the point of sale, where Visa or Mastercard contactless payments are accepted. PayPal adds working with FIS would allow them to “provide a more seamless way for their thousands of bank issuers to drive more digital spend with their customers through PayPal accounts”.

    Android Pay launches in Japan with prepaid card provider

    December 13th, 2016

    Google has launched its Android Pay mobile payments platform in Japan in collaboration with prepaid card provider Rakuten Edy, allowing consumers to make payments with their compatible devices at more than 470,000 locations accepting Rakuten… More

    Alipay comes to more Australian stores

    December 8th, 2016

    Australian merchants using Quest Payment Systems payment terminals can integrate support for Alipay mobile payments following a software update. “Quest has enabled Alipay at select stores within The Chemist Warehouse and My Chemist groups, with full rollout planned for early 2017,” Quest says. Alipay struck a deal with Commonwealth Bank of Australia to enable Alipay payments for Chinese tourists in October 2016 and has partnered with European banks and payment processors to expand across Europe.

    Canadian bank replaces NFC SIM-based service with HCE

    December 7th, 2016

    Canada’s Scotiabank has replaced the NFC SIM-based mobile payments service inside its My Mobile Wallet app with a host card emulation (HCE) based solution, the bank has confirmed to NFC World. “This enhancement to our… More

    Alipay expands across Europe after deals with major banks and payment providers

    December 6th, 2016

    Another 930,000 European merchants will soon accept Alipay mobile payments at the point of sale, following partnerships between the company and some of Europe’s largest financial institutions and payment service providers. The Ant Financial-owned firm… More

    Mastercard and Verifone unveil Instalments payments app

    December 2nd, 2016

    British consumers will be able to spread the cost of high-value in-store payments following a partnership between Mastercard and Verifone. The Mastercard Instalments app — the first of its kind in Britain — will launch on Verifone payment terminals at some UK retailers in January. The app has already launched in Romania, with BRD Groupe Societe Generale offering cardholders access to Mastercard Instalments at retailers across the country having conducted its first transaction last week.

    Masterpass comes to 30,000 South African merchants after SnapScan deal

    November 28th, 2016

    South Africans can now use Mastercard’s Masterpass digital wallet to pay for goods and services at more than 30,000 merchants accepting SnapScan in South Africa, using their mobile phones by scanning a QR code at… More

    Paytm suspends App POS feature

    November 25th, 2016

    Indian mobile payment provider Paytm has suspended a new feature in its mobile app two days after its launch, citing the need to “add additional certifications and features” before making it available again. App POS was launched to allow Paytm merchants to accept all debit and credit cards using their mobile phone. “We will re-launch this product as soon as we have updated the product,” Paytm writes in a blog post. App POS was unveiled in the wake of withdrawal of Rs 500 (US$7) and Rs 1,000 ($14) notes.

    Liquid Pay targets 25,000 retailers in Singapore with QR code mobile payments

    November 24th, 2016

    Some 25,000 retail locations in Singapore are expected to accept a new mobile payment service within the next 12 months. Liquid Pay enables consumers to make payments by scanning a QR code at the point… More

    Starbucks takes mobile payments to 260 stores in Indonesia

    November 23rd, 2016

    Customers at coffee chain Starbucks in Indonesia can now make mobile payments at 260 stores nationwide by scanning a barcode at the point of sale using the company’s mobile app and completing the payment using… More

    Chase Pay goes live at Starbucks and Best Buy

    November 22nd, 2016

    Chase Pay has launched across 7,500 Starbucks and nearly 1,400 Best Buy locations across the US, allowing shoppers to make payments by scanning a QR code at the point of sale. The service has so… More

    DigiTally project enables mobile money transfers without network coverage

    November 21st, 2016

    A project enabling mobile money transfers to take place at the point of sale in areas of less-developed countries with poor or no mobile network coverage has been unveiled, by removing the reliance on SMS… More

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