News about POS.
March 23rd, 2017
Motorists across Canada can now pay for fuel and car washes as well as accumulate loyalty rewards using a mobile payment service that is being rolled out by fuel retailer Imperial Oil to 1,000 Esso-branded gas stations nationwide.
March 22nd, 2017
Business travellers will soon be able to make in-store purchases at select retailers and restaurants inside three US airports and have their expenses automatically submitted on their behalf through the point-of-sale system so that they “don’t need to worry about creating an expense claim down the line”.
March 22nd, 2017
LG will launch its LG Pay mobile payments service in Korea in June this year using a mobile payment technology that works by “generating a magnetic signal from a mobile device such as a smartphone, and paying it to a general credit card terminal”.
March 20th, 2017
China is outpacing the US and Europe in the development of mobile payment technology, according to Apple CEO Tim Cook. “People in the US and Europe get used to credit cards, and merchants in the US are very slow to adopt new terminals that make mobile payment possible,” Cook said during the China Development Forum in Beijing, according to China Daily. “In China, because of the huge number of small businesses, there is a higher willingness to embrace changes.”
March 17th, 2017
Contactless payments accounted for more than half of all transactions made with payment cards in Hungary in 2016, the country’s central bank says. “Whereas in 2015 contactless payments accounted for 30% of payments, in 2016 more than half (51%) of payments were conducted with the new technology,” says Magyar Nemzeti Bank. Nearly 63% of payment cards and more than three quarters of POS terminals now allow contactless payments in Hungary.
March 14th, 2017
Luxury watchmaker Tag Heuer has unveiled the second generation of its connected watch range, powered by Google’s Android Wear 2.0 operating system and offering host card emulation (HCE) payments through Android Pay. The Connected Modular…
March 9th, 2017
A digital cash service allowing consumers — including those without bank accounts — to load money onto a range of wearable items and make contactless payments in retail outlets will roll out across “eight or…
March 8th, 2017
Transaction-based incentives are driving the use of mobile payments both in-store and in-app across the US, research from Auriemma Consulting Group (ACG) shows, with those who received an incentive to use mobile payments in-store over…
March 2nd, 2017
Samsung has begun inviting Galaxy phone owners in India to register for early access to Samsung Pay. Customers can opt to pre-register Axis Bank, HDFC Bank, ICICI Bank and Standard Chartered Bank debit or credit cards and SBI Cards credit cards today with support for American Express and Citibank to follow. Paytm’s market leading mobile wallet will also be supported by the service.
February 27th, 2017
Mastercard has unveiled a new feature for its Qkr! mobile payments solution that will allow customers in a bar or restaurant to open a tab and pay their bill when they want, without leaving a…
February 27th, 2017
The People’s Bank of China (PBOC) has conducted trial runs of a prototype cryptocurrency it has been developing since 2014 that could be used “to buy anything from noodles to a car”, The Straits Times reports. The digital currency would enable sellers to receive payments “directly from the buyer, lowering transaction costs as the middleman is cut out of the process”, the report adds.
February 27th, 2017
PARTNER NEWS: Rambus has unveiled a mobile payments platform that will allow retailers to launch mobile payment and loyalty services that securely store and manage a variety of payment cards, as well as gift cards…
February 21st, 2017
Bank of China has become the first bank in Hong Kong to offer Apple Pay with UnionPay credit cards. BOC UnionPay Dual Currency Credit cardholders can make payments at UnionPay QuickPass terminals in mainland China and Hong Kong. A HK$30 cash (US$4) gift for customers signing up for Apple Pay and promotions for using the service at Pacific Coffee and Sasa outlets are on offer until 20 April 2017.
February 14th, 2017
More than 150,000 micro, small and medium enterprises (MSMEs) in Kenya will be able to accept in-store mobile payments using QR code technology in 2017, using Mastercard’s Masterpass QR platform. The service is set to…
February 13th, 2017
Indian mobile wallet provider Paytm wants to increase the number of stores where its QR code-based service is available from 3.5m to 10m. “The number of offline merchants in November was close to 1 lakh (100,000) and the company had hired 10,000 field-force to ramp up the number of offline users post demonetisation,” Economic Times reports.
February 7th, 2017
Apple Pay has the largest percentage of supporting US merchants with 36% accepting the mobile payment service today, up from 16% last year, research released by Boston Retail Partners (BRP) reveals. Some 22% of retailers…
February 6th, 2017
The contactless spending limit in France will increase from €20 (US$21) to €30 (US$32) at the end of this year. From March 2017, contactless payment terminals will be reconfigured to accept payments up to the new limit and, from October, new bank cards will be issued to consumers. According to French bank card association Groupement des Cartes Bancaires, about 40% of consumers will have their new card with the €30 spending limit by the end of 2018.
February 3rd, 2017
The average size of donations made to a UK charity using contactless collection tins was more than three times larger than the average cash donation, The Telegraph reports. The NPSCC participated in a Barclaycard trial from September 2016 and found the average donation using contactless cards or devices at the terminals, which could accept cash or contactless payments, was £3.07. People who donated cash gave on average £1. Barclaycard says UK charities could be missing out on up to £82m (US$102m) by not accepting contactless donations.
February 2nd, 2017
The Government of India has introduced a series of incentives designed to encourage consumers and businesses to adopt digital and mobile payments and significantly reduce the use of cash in the economy — including plans…
February 1st, 2017
The Indian government has unveiled new measures to promote a digital economy during its 2017 Budget speech, including “the imminent launch of Aadhaar Pay, a merchant version of the Aadhaar-enabled payment system”, The Times of India reports. Two new schemes will be launched to promote the use of the BHIM mobile payments app, while “the government decided to remove all duties on point-of-sale devices, fingerprint readers and similar devices” to promote cashless transactions.