Amazon.com Inc. is expanding its Amazon One biometric payment technology to Whole Foods stores in Seattle. Amazon, which launched Amazon One in its two Seattle Amazon Go stores last September, will initially roll the technology out to a Whole Foods store near its headquarters and eventually to seven more stores …
Read More »The New Cantaloupe Looks for Renewed Growth in Vending And Adjacent Unattended Payments Markets
With its name change having become official Monday, Cantaloupe Inc. is looking to start a new chapter in the company’s history as it embarks on a strategy to penetrate new segments of the unattended retail market and grow its business internationally. As part of the change from USA Technologies Inc., …
Read More »San Francisco Becomes the Fourth Transit System to Adopt Cubic’s Contactless Payment App
San Francisco late last week became the fourth city to roll out Cubic Transportation Systems’ mobile contactless-payment application, joining Washington D.C., Chicago, and Los Angeles. Consumers can use the white-label app and an iPhone or Apple Watch to purchase tickets from the 24 transit agencies that operate the city’s subway, …
Read More »OLB Group Lands a Deal to Equip Three Amateur Baseball Stadiums With Contactless Payments
The OLB Group Inc. on Thursday became the latest processor to support contactless payments and ticketing in sports stadiums when it announced it is partnering with EZ Sports Technologies to equip three arenas that are home to amateur baseball teams operated by National Sports Services. As part of the deal, …
Read More »POS Software Provider ParTech Lands Culver’s And Its Nearly 800 Locations
ParTech Inc., a point-of-sale software provider to the restaurant industry, announced Wednesday that it will provide Culver’s restaurants with its Brink POS software across the company’s more than 790 locations. As part of the deal, Culver’s worked with long-time partner Retail Data Systems of Wisconsin, a provider of POS services, …
Read More »With the EMV-At-The-Pump Deadline Looming, a Retrofit Kit Promises to Ease Installation
With the deadline for EMV-at-the-pump compliance up to four days away—and with a shortage of installation technicians slowing compliance—Sound Payments Petro Solutions, a provider of technology solutions for the petroleum industry, announced Monday it is partnering with fuel-dispenser parts specialist Freedom Electronics to provide preconfigured EMV retrofit kits to simplify …
Read More »More Than a Year Into the Pandemic, Concerns Are Still Swirling About Bans on Cash
More than a year after the Covid-19 pandemic hit, igniting fears that the virus could be spread by handling currency, a group of three financial associations and a Chicago-based cash-in-transit and money-protection service sent a letter Monday to members of Congress, governors, and state legislators around the country warning about the …
Read More »Account Takeover Is Still A Major—And Underestimated— Problem, Says Arkose Labs
While account takeover is a major concern for financial institutions and merchants, many underestimate the cost as well as the frequency of attacks, says a report released Thursday by Arkose Labs, a San Francisco-based provider of fraud-prevention technology. Indeed, one of the costliest aspects of account takeovers is the loss of …
Read More »Transaction Volume Is On the Road to Recovery After Getting Hammered by Covid, Says Shift4
Just over a year after transaction volume in many merchant segments flatlined due to the economic turmoil caused by the Covid-19 pandemic, activity is showing a steadily strengthening pulse, according to data released Thursday by Shift4 Payments Inc. In March, Shift4’s end-to-end transaction volume totaled $3.3 billion, up 40% from …
Read More »Payments Fraud Is Down Substantially, But Still A Serious Problem, Says the AFP
In 2020, 74% of organizations were targets of payments fraud, down from 81% in 2019 and 82% 2018, according to the Association for Financial Professionals’ annual fraud report. The Bethesda, Md.-based association has surveyed companies across myriad industries yearly for 17 years. Large organizations, those with annual revenue of $1 …
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