The key to higher acceptance rates for cards, lower fees for merchants, and better security lies in moving the point of sale from hardware to software, says Sam Shawki. There is no doubt that the continued progress in moving to digital forms of transactions has made a big impact on …

Convenience-store chain Sheetz Inc. announced it is upgrading the forecourts of its more than 500 locations with EMV acceptance at the pump. The new equipment from Gilbarco Veeder-Root was jointly developed with VeriFone Systems Inc. In addition to EMV acceptance, the technology supports mobile wallets, encryption, barcode scanning, and contactless …

NCR Corp. is entering the fray to get payment-processing deals with micromerchants. The Duluth, Ga.-based point-of-sale technology company this week launched Ring Up by NCR Silver, a POS service specifically designed for merchants with less than $100,000 in annual revenue. The service uses a magnetic stripe and EMV-compatible Bluetooth reader …

The segment could play a key role in expanding electronic payments as fewer consumers carry cash. Factors ranging from payments to technology companies to changing consumer behavior are heightening attention to unattended payments. While electronic payment acceptance in this space, which includes vending machines, parking garages, and car washes, has …

Apple Pay users visiting restaurants that are part of Punchh Inc.’s restaurant-loyalty service will be able to earn and redeem points when using the mobile-payment service, Punchh announced Thursday. Smashburger, Quiznos, and MOD Pizza will offer the Apple Pay/Punchh service later this year, Mountain View, Calif.-based Punchhsays. Apple Pay users …

The increasing commercialization of mobile payments is showing up in a proliferation of so-called Pays from a bevy of banks, tech companies, and merchants. Time was, a cutting-edge alternative-payment service involved entering card or bank-account details into a branded interface on a laptop computer. Mobile payments were nascent, held back …

The increasing commercialization of mobile payments is showing up in a proliferation of so-called Pays from a bevy of banks, tech companies, and merchants. Time was, a cutting-edge alternative-payment service involved entering card or bank-account details into a branded interface on a laptop computer. Mobile payments were nascent, held back …

• Attorneys general from 18 states and the District of Columbia sent a letter this week to Congressional leaders urging them to oppose three pending joint resolutions that would overturn the Consumer Financial Protection Bureau’s controversial prepaid account rule. Consumer groups generally favor the rule, but business interests and many Republicans …

By Kevin Woodward Both QR codes and NFC have their backers and critics. But as mobile payments advance, which acceptance technology will own the future? Merchants and the payments industry alike are vying to encourage more consumers to use contactless payments as a way to displace cash, know more about …

In the February, 2017, issue of Digital Transactions, Steve Mott argues that the U.S. EMV migration was a misguided, poorly planned, and poorly executed effort. In his article, “The Great EMV Hangover,” he considers the migration to be a failure, writing, “As 2016 wound to a close, nothing short of …