The cryptocurrency market suddenly turned bearish over the weekend, with price drops Sunday among the top 10 coins ranging from 6% to 16%. Overall, the total market capitalization of more than 1,600 currencies tracked by Coinmarketcap.com stood at $296.3 billion Monday morning, compared to $339.4 billion around noon on Saturday, …
Read More »Search Results for: digital payments
Eye on Self-Checkout: Mobile Checkout That Ditches Apps, And New Locations for Amazon Go
The payments industry’s drive to bypass—or eliminate—the traditional retail checkout typically involves a mobile app, but on Thursday Moltin, a 5-year-old Boston-based developer, introduced a browser-based self-checkout capability that lets customers ring up their own goods. The first merchant to deploy the technology is a San Clemente, Calif.-based clothing maker …
Read More »Merchant Groups and PIN-Debit Networks Band Together for More Input Into Payment Security
Several national merchant trade groups and PIN-debit networks have founded an advocacy group meant to give them a bigger role in the development of electronic-payment security standards. Founding members of the new Secure Payments Partnership include the Food Marketing Institute, National Retail Federation, National Association of Convenience Stores, National Grocers …
Read More »Splitit Adds a Salesforce Commerce Cloud Integration
Installment-payment specialist Splitit said retailers using the Salesforce Commerce Cloud can now offer the Splitit payment option via an integration into the Salesforce platform. Announced Wednesday, the integration enables merchants to offer an installment-payment option. Upon checkout, the consumer taps the Splitit button at participating Web sites. She is presented …
Read More »Adyen Moves Toward Stock Offering, Sets Its Valuation at up to $8.3 Billion
Dutch payment processor Adyen B.V., which has a major U.S. presence, took another step toward its planned stock sale Tuesday when it published an offering prospectus and estimated its market capitalization at between €6.5 billion and €7.1 billion ($7.6 billion to $8.3 billion). Fast-growing Adyen is one of the most-watched …
Read More »With Consumer Adoption of EMV Rampant, Pockets of Merchants Work to Catch up
Merchants, especially those reliant on point-of-sale software, continue to find themselves catching up to consumers when it comes to EMV adoption. But Rent Centric Inc., developer of browser-based software for the auto-rental industry, is the latest to make EMV acceptance available to its clients. Toronto-based Rent Centric says it now …
Read More »Heartland Accuses Former CEO Carr of Giving Girlfriend Money for Improper Stock Purchase; Carr Calls It a ‘Smear Campaign’
Heartland Payment Systems, now a subsidiary of merchant acquirer Global Payments Inc., filed a lawsuit this week accusing its former chief executive Robert O. Carr of breach of fiduciary duty by giving a woman described as his girlfriend approximately $1 million to buy Heartland stock before Global Payments’s offer to …
Read More »Delaware Moves to Wider Sports Betting As States Look to Exercise Newly Granted Discretion
Delaware will begin allowing single-game sports betting at three casinos starting June 5, the state announced on Thursday. The move makes Delaware only the second state to allow single-game bets and represents the latest result of the U.S. Supreme Court’s decision last month to strike down a 26-year-old law that …
Read More »The Unwelcome Guest
Merchants using hospitality point-of-sale systems face a relentless onslaught by wannabe hackers coveting their payment data. What can put an end to it? Hospitality merchants, such as restaurants, bars, and entertainment venues, know that an effective point-of-sale system can help them operate their businesses better. They can glean valuable information …
Read More »The Shared Checkout’s Slow Check-in
Sky-high abandonment rates, PayPal dominance, and a new online standard are pushing the major card networks toward a common buy button. But don’t look for that to emerge any time soon. When the major card networks in April started talking about what they called a common buy button for e-commerce, …
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