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Yet another tablet-based point-of-sale system has joined the fray, this one from daily-deal provider Groupon Inc. Dubbed Gnome, the iPad-based system not only accepts credit and debit cards, but is the centerpiece of a Bluetooth low energy-enabled setup to enable Groupon offers redemption without requiring the consumer to present a …
Read More »Most Contend Only a Minority of Merchants Will Be Ready for EMV, Finds a DTN Survey
In 17 months, a crucial step in the migration of the U.S. payment card industry from the venerable magnetic stripe to smart cards with embedded chips will be under way. But there is little hope that a majority of merchants will be ready to accept the new cards, finds a …
Read More »Fiserv Prepares Suite of EMV Services to Help Issuers With Looming Migration
As the U.S. payments system continues its migration to the Europay-MasterCard-Visa chip-card standard, companies like processor Fiserv Inc. are preparing services to help issuers with the effort. Brookfield, Wis.-based Fiserv announced this week it is offering a suite of services to help with issuer strategies, personalization, transaction processing, risk management, …
Read More »TSYS Lines Up Behind ShopKeep’s Tablet-Based POS System
Tablet-based point-of-sale provider ShopKeep.com Inc. has lined up payment-processor Total System Services Inc. (TSYS) as a reseller. Columbus, Ga.-based TSYS will offer ShopKeep products in addition to traditional POS terminals, contactless readers, mobile payments, and online payment acceptance. TSYS say it added ShopKeep because it knows merchants have a need …
Read More »With 2Checkout Enabling International Payments, Shopify Hopes To Keep Its Growth Going
Shopify Inc. can eliminate learning new languages from its list of objectives. The online-commerce company announced this week it was adding 2Checkout’s payment technology, which processes payments in 26 currencies in 196 countries, to its POS software. The move does not displace the back-end payment-processing compact between Shopify and …
Read More »Target Opts for MasterCard’s Chip Technology for All of Its Cards And at the Point of Sale
Target Corp. is making good on its plans to accelerate chip-and-PIN payment card technology in its stores and among its customers with Monday’s announcement that it will move its entire Redcard credit and debit card portfolio to cards that use MasterCard Inc.’s chip-and-PIN technology. Most of Target’s cards, however, will …
Read More »PayPal Recruiting More Resellers Among ISOs, Acquirers, ISVs, VARs for M-Commerce Push
PayPal, the payments arm of online marketplace eBay Inc., has put out a call for more resellers, including independent sales organizations, acquirers, independent software vendors, and value-added resellers. PayPal, which has set up a dedicated Web page soliciting partners, says its ideal partners include “folks that share a similar …
Read More »Vesta Debuts New Gateway for E-retailers in Advance of Expected Jump in Card-Not-Present Fraud
Card-not-present merchants contending with the double-digit growth of e-commerce and mobile commerce often face more exposure to fraudulent transactions. Vesta Corp., an Alpharetta, Ga.-based payments-security company, says its new payment gateway vSafe can help reduce that fraud. n The gateway relies on data from more than 1 billion transactions made …
Read More »With Government Cracking Down, ISOs And Acquirers Turn to Automated Merchant Vetting
Independent sales organizations and acquirers have long known the value of performing their due diligence when boarding new merchants. That’s become even more important as law enforcement turns to the payments industry to find merchants that run afoul of consumers and the law. That has put more pressure on …
Read More »In a Sudden About-Face, Wal-Mart Stops Gift Card Sales Through Gyft E-Card Service
Less than a month after electronic gift card provider Gyft announced it was selling Wal-Mart Stores Inc. gift cards, they no longer are available. According to a report on Coindesk.com, a digital-currency news site, Gyft stopped offering Wal-Mart gift cards on April 13. Gyft provides electronic gift card services for …
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