Earlier this week, the National Retail Federation reported that July retail sales, excluding automobiles, gas stations and restaurants, were flat, growing just 0.1 percent from June. Similarly, consumer confidence, which had been on a steady climb, remained stable from June to July. In a separate...
Square, which was just the subject of a less-than-glowing story in FastCompany, published a blog post about the Top 10 negative myths about its service on Thursday (Aug. 14). The post also comes a few days after Amazon launched a new card reader for smartphones...
VeriFone and gas-pump maker Gilbarco Veeder-Root will collaborate on new fuel dispensers that include the ability to read EMV payment cards as well as display at-pump media advertising and entertainment, the two companies announced on Wednesday (Aug. 13). Under the deal, Gilbarco will transition the...
Mobile technology and full-service payments firm SinglePoint, Inc. finalized an agreement to advertise its cashless payment options on Leafly.com, which is an online cannabis information resource. The move is designed to assist recreational and medicinal cannabis dispensaries, according to a SinglePoint press release. SinglePoint already provides...
Facebook will be giving its advertisers a new peek into ad efficacy with the release of a new report that will shows when and how often advertisements push users to complete a purchase on a different web-enabled device. By combining the use of the Facebook Conversion...
Russia’s Central Bank is preparing to abandon its deadline for MasterCard and Visa to pay transaction security deposits because neither has yet selected a partner to process cards in Russia next year, according to a report Thursday (Aug. 14) in Russian business daily Vedomosti. “Under...
More than 575 million U.S. payment cards will include EMV chips by the end of next year, according to a statement issued jointly from Visa and MasterCard on Wednesday (Aug. 13). That number is partially based on EMV shipment plans from nine key card issuers:...
A Russian national has been indicted for a series of cyber attacks against financial institutions (including Chase Bank, Capital One, Citibank and the Boeing Employees’ Credit Union) and retail POS in the U.S., as well as for running various carding forums that resold payment card...
Amazon on Wednesday (Aug. 13) introduced its own mPOS package—to be called Amazon Local Register—and focused on the tune it knows that SMB retailers want to hear: lower merchant fees than Square and PayPal Here. Amazon is in an awkward position, in that it is seen as...
