The Clearing House Payments Co. LLC announced it will soon introduce tokenization for checking account and routing numbers on transactions financial institutions run over TCH’s RTP real-time payments and EPN automated clearing house networks.Of 80 mid-tier U.S. financial institutions surveyed by Volante Technologies, 37% of these not already connected to The Clearing …
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Apple’s Tap to Pay has captured the industry’s attention. Now the question is how far it can get with it—and how rivals will react. Apple Inc. stirred up the point-of-sale industry last month with an announcement that it will introduce within a few months technology that will enable merchants to …
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The Visa Acceptance Cloud will virtualize POS terminals. What will that mean for acquirers and merchants? The dawn of a new era for point-of-sale terminals may be upon the payments industry with the announcement earlier this year of the Visa Acceptance Cloud. The platform aims to move to a cloud-based …
Read More »Apple Inc. rattled the payments industry on Tuesday with its announcement of technology that will let merchants accept card and Apple Pay transactions directly on an off-the-shelf iPhone with no attachments, but rivals say they’re taking the news in stride. “We’ll feel some impact, we’ll feel it a little bit, …
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The vision of turning mobile devices into tap-and-go POS terminals took a big step forward Thursday as MagicCube Inc. announced i-Accept Cloud, an open, cloud-based softPOS acceptance platform. i-Accept Cloud is expected to simplify the creation of new merchant payment acceptance and digital commerce solutions. By connecting the currently siloed …
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PopID, a consumer authentication service, said its PopPay payment service is used more than more 100 restaurant and retail brands. Approximately 70,000 registered users have authenticated their faces more than 4 million times. PopID recently closed on a $10 million Series B funding round and intends to expand to college campuses across …
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Top executives at Shift4 Payments Inc. said early Thursday the company will launch general availability of a new restaurant platform in the first quarter of next year. The Android-based technology will include a Quick Response-code payments option as well as capabilities for analytics, marketing, payroll, and other features, according to …
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MagicCube Inc. announced Monday that Dojo, a United Kingdom-based payments provider, will adopt MagicCube’s i-Accept software, which converts off-the-shelf mobile devices into point-of-sale terminals. Dojo will integrate i-Accept into its SoftPos + PIN platform in the United Kingdom and the Republic of Ireland. The integration is expected to give Dojo …
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Its big merger behind it, the new Worldline is flexing its muscles in the global market for processing and point-of-sale technology. As with so much else in the payments arena, scale is vital to continued success. That appears to be the case with Worldline S.A.’s $8.6-billion acquisition of Ingenico Group …
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Software-based options are proliferating for merchants who want to use their own mobile phones for payment card acceptance. Are we entering the era of Square II? Square Inc. made payments history a decade ago with its iconic dongle that enabled iPhones to accept payment cards (“How the Twitter Guy Changed …
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