Transaction Processing

By Kevin Woodward@DTPaymentNews Acquirers that service merchants that still use dial-up point-of-sale terminals have a new option for connecting these no-longer-mainstream devices to processors with the launch of a new product from Transaction Network Services Inc. Announced Tuesday, the service from Reston, Va.-based TNS provides acquirers with one connection to …

By Jim Daly@DTPaymentNews HEI Hotels & Resorts disclosed Friday that malware on point-of-sale systems may have captured payment card information at restaurants and other locations within 20 of its properties. At the same time, the payments industry is watching for clues about the extent of a compromise at Oracle Corp.’s …

• Mobile point-of-sale service provider Cardflight announced that processor BluePay Processing LLC is now offering the Cardflight SwipeSimple service to merchants. • Revel Systems, provider of iPad-based point-of-sale technology, and Intuit Inc. expanded an existing partnership to bring Intuit QuickBooks Point of Sale services to salon and grocery retailers. The …

By John Stewart @DTPaymentNews When Intuit Inc. launched QuickBooks Point of Sale with tablet-payments specialist Smoothie King Franchises Inc., a chain of 700 juice outlets, to install Revel tablets chainwide in what at the time was the largest such deal on record. Earlier this month, news emerged that IBM Corp. …

By Kevin Woodward@DTPaymentNews No bones about it, adding EMV payment card acceptance to point-of-sale systems has been a challenge for retailers. Seventy-six percent of them, in the inaugural “State of Retail Payments 2016” study, said EMV implementation was their top challenge in the past 12 months. Other top challenges from …

By John Stewart @DTPaymentNews Chargebacks cost issuers millions every year just to investigate, let alone process, so technology companies see an opportunity in reversing the rising tide of cardholder inquiries financial institutions and merchants confront every day. The latest example is a service from financial-data aggregator Yodlee that adds information …

By John Stewart @DTPaymentNews When Visa Inc. and MasterCard Inc. demonstrated their merchant frustration with lengthy certification logjams. The Quick Chip and M/Chip Fast code is available at no cost, and American Express Co. and Discover Financial Services are also offering variants of it. How many merchants will adopt the …

By John Stewart @DTPaymentNews It’s no secret the U.S. point of sale is undergoing perhaps the most extensive overhaul in its long and storied history, but now there’s evidence that a crowd of technology startups are sharing in the bounty that sweeping modernization is generating. Point-of-sale startups will likely reap …

Implementing so-called chip-and-PIN authentication for U.S. credit cards would cost merchants and card issuers more than $7 billion but prevent only about $850 million in lost-and-stolen card fraud over five years, a new report from Aite Group LLC says. The report, “Chip Cards in the United States: The PIN, PINless, …

Card-brand efforts to improve consumers’ perceptions of EMV transaction speeds took a step ahead this week when a grocer debuted updated EMV software on its point-of-sale systems. New Seasons Markets, including its New Leaf Community Markets unit, is now using the Quick Chip and M/Chip Fast technologies from Visa Inc. …