Heartland Payment Systems Inc. has acquired point-of-sale system developers Dinerware Inc. and pcAmerica, both makers of restaurant point-of-sale systems, Heartland announced Friday. Terms were not disclosed. The acquisitions spurred Princeton, N.J.-based Heartland to create a dedicated business unit call Heartland Commerce, which includes Dinerware, pcAmercia, Xpient, Leaf, and Liquor POS. …
Read More »Once They Use It, Consumers Favor NFC Over QR Codes, NFC Forum Survey Says
More consumers are satisfied using near-field communications (NFC) technology with their smart phones than express the same satisfaction using Quick Response codes, finds a survey by Strategy Analytics Inc., a Boston-based consulting firm. In the survey, commissioned by NFC advocate group NFC Forum, 76% of consumers said they were satisfied …
Read More »With Its PayEase Acquisition, Burgeoning Mozido Enters China
Financial and marketing services company Mozido Inc. now is serving China through its acquisition of PayEase Corp., a China-based payment processor. Announced today, the acquisition makes Austin, Texas-based Mozido the owner of one of 22 licensed payment-processing companies in China. PayEase, which is headquarter in Beijing, provides in-app mobile payments, …
Read More »Physical Stores Still Dominate Retail Despite Headlines on Mobile, Online Commerce
In spite of all the hoopla about burgeoning e-commerce and mobile-commerce activity, consumers still prefer to shop inside a store, finds the “Total Retail: Retailers and the Age of Disruption” report from PriceWaterhouseCoopers LLP. Of the more than 1,000 U.S. consumers surveyed, only 27% said they shop online weekly. But, …
Read More »No Argument Here: Younger Consumers More Likely To Use Mobile Wallets
Twice as many 18-to-34 years old consumers, 32%, are likely to use mobile wallets like Apple Pay or Google Wallet as those 35 and older (16%), according to a survey of more than 900 adults by Fair Isaac Corp. That divide is even more pronounced among respondents 50 years or …
Read More »Multiple Waves of Upgrades Keep ATM ISO Dolphin Debit Busy As Growth Sizzles
The expense of managing multiple upgrades to fleets of ATMs has small banks and credit unions turning to companies like Houston-based Dolphin Debit for help. Dolphin Debit, which manages more than 1,000 ATMs for more than 200 financial institutions and at several Murphy USA locations in 10 states, says its …
Read More »As M-Commerce Increases, So Too Does Fraud, But Disproportionately: Study
As mobile commerce becomes ever more important to merchants, so too does the number of mobile payments made via apps and Web sites viewed on smart phones and tablets. Along with this growth, however, is a disproportionate increase in fraud as a percent of m-commerce revenue, finds the “2014 LexisNexis …
Read More »Hoping to Avoid ‘Or Else,’ Card Networks and the PCI Council Step Up Compliance Efforts
The private sector often lives in fear of government regulation, but the payment card industry’s indigenous regulators are piling on new disclosure, monitoring and security requirements for merchant acquirers, panelists said Wednesday at the Northeast Acquirers Association (NEAA) annual conference in Boston. While many of the new rules are meant …
Read More »Inexperience Plus Product Restrictions Likely Killed Amazon Wallet, Analysts Say
The newness of mobile payments likely was a contributing factor to Amazon.com Inc.’s decision this week to pull the plug on its six-month-old Amazon Wallet. That’s the theory suggested by Brian Kilcourse, managing partner at RSR Research LLC, a Miami-based retail advisory firm. Amazon.com launched Amazon Wallet in July, selling …
Read More »Banks and Credit Unions Continue To Sign Up for Apple Pay
The number of banks and credit unions that support Apple Pay, Apple Inc.’s mobile payment scheme, continues to grow with the First National Bank of Pennsylvania among the latest to join the list. The bank, a unit of Pittsburgh-based F.N.B. Corp., says its debit card users now can use the …
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