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    POS

    News about POS.

    UK restaurant chains test digital mobile banking receipts tied to customer purchases

    April 27th, 2017

    Restaurant chains Eat and Bel-Air are piloting a service in their London locations that delivers real-time receipts to a customer’s mobile banking app by linking to the purchases they make using their bank cards at the retailer’s point-of-sale terminal. The service is also being trialled by UK challenger bank Monzo. More

    Singapore banks add in-store QR code payments to mobile apps

    April 25th, 2017

    Customers of Singapore’s DBS Bank and OCBC Bank will soon be able to make in-store mobile payments by scanning a QR code at any point-of-sale terminal belonging to the country’s electronic payments network Nets. More

    Mastercard tests biometric payments card in South Africa

    April 20th, 2017

    Employees at Pick n Pay supermarket stores and Absa Bank staff across South Africa have been trialling a biometric card developed by Mastercard that lets them make a payment at any EMV terminal and authenticate the transaction by placing their finger on the embedded sensor. Additional trials are planned over the next few months, with a full roll out expected “later this year”. More

    Square to launch physical debit card?

    April 18th, 2017

    mPOS provider Square could soon be launching a physical Square Cash debit card, according to Recode. The move would follow the launch of a virtual Square Cash card in December 2016 that lets users make payments using their Square Cash balance anywhere Apple Pay is accepted. “Square may end up incentivising Square Cash users to spend their money at Square brick-and-mortar merchants, since the company would make money from both sides of those transactions,” the publication reports.

    Android Pay links to mobile banking apps to simplify setup process

    April 13th, 2017

    Android Pay has been integrated into the mobile banking apps of “several banks around the world” so that users can add their cards to the mobile payment service with “just the click of a button”. The feature will also work for those who have not installed Android Pay on their handset, giving them access to “the capabilities of Android Pay” without having to leave their mobile banking app. More

    More than 150m people to use Apple Pay, Samsung Pay and Android Pay by end of 2017

    April 11th, 2017

    The number of consumers using OEM Pays — mobile payment services delivered by handset manufacturers — such as Apple Pay, Samsung Pay and Android Pay will exceed 100m for the first time during the first half of 2017 and is expected to surpass 150m by the end of the year, Juniper Research reveals, while host card emulation (HCE) adoption is set to rise five-fold over the next four years. More

    Consumers get chance to win prizes at the point of sale

    April 6th, 2017

    Consumers can now be offered the chance to win prizes related to the purchases they make both in-store and online by playing games such as scratch cards and slot machines that are integrated into a merchant’s payment confirmation pages online and at the payment terminal in a store. More

    PayPal and Visa extend payments deal to Asia Pacific

    April 6th, 2017

    PayPal users across Asia Pacific will soon be able to make in-store NFC mobile payments in all Visa supporting locations, following an announcement by PayPal and Visa that they are to expand their US payments agreement to the region. The move will see PayPal making use of the Visa Digital Enablement Program (VDEP) to tokenize payments made in-store by its customers on a mobile phone or connected device.

    Amazon customers get in-store cash deposits to fund online payments

    April 4th, 2017

    Amazon customers across the US can now top up their Amazon balance using cash at “thousands of participating convenience, grocery and drug stores” by showing a printed barcode or a barcode on their mobile device to the cashier. They will then be able to use the funds to make online purchases at Amazon. More

    Apple Pay in-store adoption is “growing nicely”

    March 30th, 2017

    Apple Pay adoption at the point of sale is “growing nicely” and is “in-line with growth among other digital payment players” such as Google and Samsung, long-time Apple analyst Gene Munster reveals. “We believe that users are activating Apple Pay on about 30% of new iPhones,” the analyst, who has moved to Loup Ventures from Piper Jaffray, writes in a research note. “In total, we estimate that 13% of the 680m iPhones in use today have activated Apple Pay.”

    Square arrives in the UK

    March 28th, 2017

    Mobile POS provider Square has launched in the UK. “Whether you have a traditional brick-and-mortar shop or a mobile or online business, you can use Square Reader to take chip and PIN cards, contactless cards and mobile payments like Apple Pay and Android Pay anywhere you are doing business,” the company writes in a blog post. Square is now available in the UK, US, Canada, Japan and Australia.

    Nordic banks roll out first mobile payment services with support for Dankort

    March 28th, 2017

    Customers of more than 60 banks belonging to The Bokis Partnership have become the first in Denmark to be offered a mobile payment service for Dankort, the country’s national debit and credit card. The service is available through the mobile apps offered by each of the supporting banks and works on Android handsets through host card emulation (HCE) and on iOS through a Bluetooth acceptance device at the point of sale. More

    Dynamics CEO shares details on how LG Pay will work with magnetic stripe card terminals

    March 24th, 2017

    The Wireless Magnetic Communication technology being used for LG’s mobile payment service will allow consumers to pay with their phones in more places without having to change any of the point of sale terminals or re-educate merchants, technology provider Dynamics’ CEO has told NFC World. More

    Esso customers get mobile payments and rewards at 1,000 Canadian gas stations

    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. More

    US airport stores to automatically file expense reports for business travellers

    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”. More

    LG to launch mobile payments service using magnetic communication technology

    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”.  More

    Cook: China has “higher willingness” to embrace mobile payments

    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.”

    Contactless overtakes traditional card payments in Hungary

    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.

    Tag Heuer unveils connected watch range with Android Pay

    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… More

    Wearable payments platform to be tested on three continents

    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… More

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