Payment Systems

Latest Headlines

Latest Headlines

Amazon quietly releases a digital wallet

Amazon has quietly introduced a test version of an Amazon Wallet app focused on shopping for Android and Fire phones as it gets ready to ship the Fire Phone.

Neiman Marcus goes live with Visa Checkout

Neiman Marcus has enabled the new Visa Checkout payment option during the online checkout process.

Rue21 to streamline checkout with new POS

Apparel retailer rue21 is now offering a more streamlined shopper experience at checkout complete with personalized promotions.

Visa launches Checkout to replace digital wallet

Visa introduced a new digital payment system to replace digital wallet. Visa's Checkout is the company's latest move to simplify digital payments for consumers and vendors. Checkout will replace the outdated platform, which was first introduced into the market in 2011, reported  Re/code. "It's your Visa card for the digital world," CEO Charlie Scharf said. Thus far, vendor partners include Neiman Marcus, Pizza Hut, Staples and United Airlines. The company has also recruited more than 180 financial institutions to support Checkout including Bank of America, Chase, Wells Fargo Bank and Citi, reported  ZDnet. The Checkout app will launch immediately in the United States, Canada and Australia.

Digital payments to reach $4.7T by 2019

The annual transaction value of online, mobile and contactless payments will reach $4.7 trillion by 2019, up from just over $2.5 trillion this year, according to a new report from Juniper Research.

Newegg, 1-800-Flowers accept bitcoin, digital currency now legal tender in California

Bitcoin adoption barrels ahead as both Newegg and 1-800-Flowers announce plans to accept the digital currency and California Governor Jerry Brown signs bills to allow the legal use of bitcoin and other cash alternatives.

A major win for bitcoin adoption

In another sign that Bitcoin is becoming more mainstream, payments processor and e-commerce platform provider Digital River said this week that it will accept the virtual currency. It is one of the first major payment processors to accept Bitcoin.

Sam's Club first to launch chip-and-PIN card

Sam's Club will become the first major retailer to adopt chip-and-PIN, or EMV technology, with the launch of a new card—co-branded with MasterCard. The card, along with a new rewards program linked to it, will be officially rolled out June 23.

Biometrics, BLE help modernize POS systems

Point-of-sale systems are shaping up to be the new frontier of in-store technology, or the new frontline in the war against cyber thieves as several new systems purport to modernize payments. U.K. fashion retailer New Look has been testing a system enabled with fingerprint technology from DigitalPersona. After a successful trial at six of the retailer's stores in February 2014, New Look will expand the use of biometrics to 16 locations by the end of 2014. There are longer-range plans to equip 100 stores by 2017. New Look found biometrics a compelling alternative to passwords and an improvement on time and attendance accuracy, but found the system also helped with loss prevention and customer service. Each New Look store has two to four POS terminals depending on store size. Biometrics did away with employees' tendency to clock in for each other and minimized payroll fraud, according to the company. Replacing six-digit passwords reduced the burden on IT for lost or forgotten passwords.

Yelp adds bitcoin identifier

Social site and directory Yelp now lists whether or not a business accepts bitcoin. The site added bitcoin to its list of attributes that includes pertinent information such as whether or not a location accepts credit cards, serves dinner, has Wi-Fi or serves alcohol.