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
Post Tagged with: "POS"
What’s the future of installment credit globally, and in the U.S. specifically? Alon Feit, the CEO and Co-Founder of Splitit, which provides such POS, retail financing, told Bank Innovation that installment credit is trending higher. There’s much going on in the space — and at Splitit, in particular — andRead More
Apple launched Apple Pay on Sept. 9, 2014. It became available on Oct. 20 of that year. As the two-year mark approaches for Apple Pay, the contracts written with financial institutions back then will start to expire. And with it the 15 basis points Apple gets for including the banks’ cards in theirRead More
VeriFone Systems Inc., the payments hardware company, is going whole hog into apps. In the second quarter of next year, VeriFone plans to unveil an app marketplace for its products and services. The app marketplace will “[enable] our clients and third-party app developers to create and deploy payment and commerce applications onRead More
It wasn’t too long ago that the suggestion that social media data could feed financial services underwriting and products was, well, dubious. Yes, we paid it lip service — isn’t it cool that OnDeck and Lenddo are using social media to make loans? The lip service ends today. Like a slow-moving glacier thatRead More
JetBlue didn’t just announce today that it was allowing for payments via Apple Pay on its flights, but it introduced a custom POS to facilitate the payments. Importantly, JetBlue has received FAA approval for use of the custom POS in the air. Below is a video from USA Today thatRead More
Square CEO tweets that it will support Apple Pay, but PayPal has been mum about any role in Apple’s new payments initiative.
PayPal and MyOrder, the payments venture owned by Rabobank, the Dutch bank, have signed an agreement to bring “check in” payments to the Netherlands, Bank Innovation has learned.
LevelUp’s new(ish) barcode scanners rolled out in the Gregory’s Coffee chain today.
Rumor continue to churn out reports that Apple will build a payments system into the iPhone 6, which will likely be introduced in September, especially after last week’s Apple Worldwide Developers Conference, better known as the WWDC. The fact is the iPhone 6 rumor mill has kicked into overdrive. JustRead More