Payment Systems

Latest Headlines

Latest Headlines

Walmart says no to Apple Pay

Since Apple announced the launch of virtual payment platform Apple Pay Sept. 9, brands have already signed on to use it, but Walmart wasn't interested in the new payment platform.

CurrentC gives more retailers mobile wallet prospects

As mobile devices and digital currency play an ever-increasing role in retail, the Merchant Customer Exchange has unveiled a new mobile wallet called CurrentC, which already has the backing of big-box retailers such as Walmart, Target and Best Buy.

Macy's launches a digital wallet

Macy's is hopping on the digital wallet bandwagon. The retailer said in an Aug. 26 announcement that shoppers would be able to use the new option to manage special offers and make in-store and online payments.

Home Depot and Yardi partner on digital payment

Real estate software company Yardi announced the launch of a new service for clients as it partners with Home Depot to offer more purchasing options and full purchasing control for customers.

NRF asks Supreme Court to review swipe fee ruling

The National Retail Federation has asked the U.S. Supreme Court to review a ruling that left the Federal Reserve's cap on credit card transactions at 21 cents. The retail industry has collectively pushed for a lower cap for so-called swipe fees.

Walmart drives growth in self-checkout

Shipments of self-checkout systems rang up record numbers in 2013, driven in part by Walmart's increased use of the systems.

Amazon launches mobile card reader

Amazon has introduced Local Register, a card reader and mobile app that assists local businesses in accepting credit and debit cards from a smartphone or tablet.

BitPay offers retailers free payment processing

BitPay is now offering free basic payment processing to retailers—for life. Under the new pricing plan, BitPay hopes that more retailers will be able to offer customers the option to make purchases using the virtual payment. Previously, the starter plan came with a 1 percent transaction fee, reported  Gigaom. "We have set a goal to enroll one million merchants by the end of 2016," said Tony Gallippi, BitPay's co-founder and executive chairman. "When we started BitPay in 2011, we saw an opportunity to finally give merchants around the world relief from interchange fees. By offering a basic plan that is free and unlimited, forever, we give merchants yet another reason to be excited about bitcoin."

Amazon readying payment card reader, Square releases EMV version

Amazon could be preparing to launch credit card reading hardware in the next few weeks.

Bitcoin now 2% of revenue at Chicago cafe

A Chicago cafe recently installed the city's first bitcoin ATM. Cassava Bread, a gluten-free café, has been accepting bitcoin for roughly four months and the digital currency makes up 1 percent to 2 percent of total revenue.