Post Tagged with: "point of sale"

Visa and MasterCard Offer Faster EMV

Visa and MasterCard Offer Faster EMV

by April 27, 2016 at 12:57 pm 2 comments

People called, and MasterCard and Visa answered. In the past week, both card networks announced updates to their point-of-sale systems that promise to reduce the time it takes to use an EMV chip-enabled card at the checkout line. Cue cheering crowds. Visa released its new technology, dubbed Quick Chip, last week, claimingRead More

bittersweet symphony redux?

Can a Mobile Lending App Save Millennial Credit Ratings?

by March 16, 2016 at 12:21 pm 6 comments

Millennials hate credit — but a new service called Lenny is out to change that. Lenny is meant for mobile (of course) and launched today in California. It will reach Texas, Florida and New York in the next 10 to 12 months, according to the company, which claims that, in less than threeRead More

thin file

Affirm Will Soon Help Customers Build Credit Histories

by March 4, 2016 at 2:48 pm 1 comment

Affirm, the lending startup piloted by PayPal co-founder Max Levchin, recently announced plans to report its loan data to the credit bureaus. This will help customers with thin files, particularly millennials, to bolster their credit histories. Affirm provides point-of-sale loans that allow customers, particularly millennials, to finance purchases with participatingRead More

Global Payments to Acquire Heartland for $4.3 Billion

Global Payments to Acquire Heartland for $4.3 Billion

by December 15, 2015 at 5:29 pm 0 comments

In a time of frenetic payments activity, news arrives of consolidation. Global Payments Inc. announced today that it will acquire Heartland Payments Systems for approximately $4.3 billion. The acquisition was rumored last week, but confirmed today. Together, the two payments technology companies will serve some 2.5 million merchants globally. In the U.S.Read More

Small Retailers Need Disruptive Fintech to Reduce Working Capital Finance

Small Retailers Need Disruptive Fintech to Reduce Working Capital Finance

by December 4, 2015 at 2:14 am 0 comments

Small retailers are the backbone of the economy and yet they are the last place getting value from Fintech innovation. This is a massive opportunity, but not an easy one to crack. It needs some disruptive innovation. Working Capital Finance for small business is the massive market we have beenRead More

PayStand Offers First Bitcoin mPOS

PayStand Offers First Bitcoin mPOS

by March 26, 2015 at 11:38 am 2 comments

Bitcoins could soon be easier to use at your local point-of-sale. Payment processor PayStand, which made waves last year with its announcement that it would process bitcoin transactions along with credit cards and ACH in its online payment platform, is now moving into the POS space with a mobile app thatRead More

VIDEO: Introducing First Data’s New Clover Station POS System

by October 11, 2013 at 1:12 pm 1 comment

First Data CEO Frank Bisignano introduced the new Clover Station point-of-sale solution at Money2020 in Las Vegas Wednesday. The station, shown in the video below, is the same bright white color as Square‘s point-of-sale system. Coincidence? First Data bought payments startup Clover last year and quickly initiated development of this POSRead More

The Future of Payments is More than Payments

by December 13, 2012 at 9:49 am 0 comments

Despite a few technical changes that have occurred in recent years, until now the traditional payments landscape hasn’t changed much since the first payment card was introduced a few decades ago. The Point-of-Sale (POS) has largely retained its primary focus of allowing retailers to accept and collect payments from consumers.Read More