Point-of-sale

January, 2020

• 20 January

  Amazon’s Venture in Pay-by-Palm Holds Promise But Faces Some Difficult Obstacles

  

  Amazon.com Inc.’s ambitions now include devices that could authenticate payments by scanning the palm of the customer’s hand. But while this latest twist in the e-commerce giant’s payments strategy could result in faster and more convenient transactions for users, it also could run into roadblocks that have scuttled similar ventures …
• 20 January

  Ria Makes bpost Deal and other Digital Transactions News briefs from 1/20/20

  

  Ria Money Transfer, a subsidiary of Euronet Worldwide Inc., said it has an agreement with Belgian Postal Service group (bpost) to offer international money-transfer services through bpost’s network of 600 post offices.Restaurant The Crack Shack Enterprises LLC issued a data-breach notification for its Encinitas, Calif., location. Payment card information, including names, card …
• 17 January

  2019 Holiday Sales Increased 4.1% and other Digital Transactions News briefs from 1/17/20

  

  The National Retail Federation reported 2019’s holiday retail sales grew 4.1% over the same period in 2018 to $730.2 billion. Online and other non-store sales rose 14.6% to $167.8 billion and are included in the totalE-commerce services and payments provider Shopify Inc. is offering new businesses what it calls “starter loans” of $200 through …
• 16 January

  New U.S.-China Trade Deal Provides for U.S. Payments Expansion in China

  

  The newly-signed trade agreement between the United States and China, the number-one and number-two global economies, respectively, finally provides an avenue for U.S. payments firms to operate independently in China. Joint payments ventures with a local Chinese partner have long been the norm, but the new U.S.-China trade agreement—signed Jan. …
• 16 January

  ‘Digital Dollar’ In the Works and other Digital Transactions News briefs from 1/16/20

  

  J. Christopher Giancarlo, former chair of the Commodity Futures Trading Commission, is working with other individuals and with the consulting firm Accenture to develop a United States Central Bank Digital Currency, known as the “digital dollar.” The development will take place under the auspices of a new organization called the Digital …
• 15 January

  Eye on Acquirers: Boom Commerce Debuts; NAB Launches a New PCI Program

  

  Acquirers are jumping into 2020 with major rebranding and PCI-compliance programs. First up is National Payment Systems. The Portland, Ore.-based company has a new name—Boom Commerce—and has expanded its executive team, the payments provider announced.  Helping to propel this shift is a credit facility with Acrewood Holdings LLC, a Bryn …
• 14 January

  Visa Checkout’s SRC Shift Begins Jan. 21 and other Digital Transactions News briefs from 1/14/20

  

  Visa Inc. said starting Jan. 21 merchants using Visa Checkout will transition to the card brand’s Secure Remote Commerce service. Visa says consumers that have enabled their cards with the service no longer will have to enter the primary account number for compliant transactions. The experience also is compatible with industry tokenization …
• 13 January

  Consumers Are Satisfied Making Contactless Payments, But Security Concerns Linger

  

  Even though contactless credit and debit card transactions made by tapping a card against a point-of-sale device rely on the same standard as EMV dipped transactions, consumers have different impressions of the security benefits, a newly released study says. Indeed, 81% of the 1,350 consumers surveyed for the “Emerging Trends at …
• 10 January

  Consumers Make More On-Us ATM Cash Withdrawals, Fed Data Show

  

  Despite the decades-old rise of electronic payments at the expense of cash, the rate of decrease in ATM cash withdrawals has slowed down, and more consumers are avoiding fees by using their own financial institution’s ATMs, according to the Federal Reserve. The Fed’s latest triennial payments study released last month …
• 9 January

  A New Beetle Debuts and other Digital Transactions News briefs from 1/9/20

  

  Diebold Nixdorf Inc. released the Beetle A1150, an all-in-one point-of-sale system. Variations of the Beetle POS system have been available since at least 2002 from Wincor Nixdorf, a company Diebold acquired in 2016.Payments processor Computer Services Inc. reported fiscal third-quarter revenue of $72.1 million, up 6.6% year-over-year, and net income of $12 million, up 5.8%. …