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Ingenico introduces mPOS

Ingenico has launched the RP170c, an audio jack-based mPOS dongle that can accept payments made by mobile phone. The RP170c offers support for both NFC/contactless and mag-stripe payments via a 3.5mm standard audio jack that can be plugged into any iOS or Android device. The kit comes with an audible buzzer and color LEDs to signal completed contactless transaction and a software developer… Continue reading >>

iZettle launches free chip and PIN reader

Swedish mPOS specialist iZettle is launching the world’s first free-of-charge chip and PIN reader for merchant customers across Europe. The new iZettle Card Reader Lite connects to tablets and smartphones via cable. iZettle has enjoyed rapid growth over the past year, with its transaction volumes more than doubling in 2014. It is currently operating at a total annual transaction rate… Continue reading >>

orderbird and ConCardis provide NFC payment

orderbird, an iPAD POS provider, and its strategic payment partner ConCardis have launched a solution for cashless payment with card or contactless via NFC such as Apple Pay. The newly developed chip and PIN card reader allows for secure card payments and contactless payments via cards or smartphones equipped with NFC. The joint product increases orderbird’s presence in the Germany,… Continue reading >>

Mobeewave gains $6.5 million investment

Canadian NFC payments entrant Mobeewave has secured a $6.5 million funding round led by SBT Venture Capital. According to the company, the investment will be used to support market expansion and the accelerated roll-out of its products. Mobeewave’s proposition enables any NFC-enabled phone to be used as a contactless mPOS terminal to receive payments from ApplePay, contactless cards or NFC wallets… Continue reading >>

Retail Crime Survey: Retailers failing to protect themselves against fraud and cybercrime

According to the Retail Crime Survey, UK retailers have said that fraud increased by 12% year-on-year in 2013-14 and accounted for 37% of the total cost of crime during the period. The level of cyber attacks suffered by the vast majority of retail businesses either increased or remained unchanged in 2013-14, with most companies surveyed for the British Retail Consortium… Continue reading >>

UK reports digital payments acceleration

Total spending on Visa cards in the UK has surpassed £600 billion for the first time reports Visa Europe. The results provide strong evidence of the UK’s transition to a digital payments economy and a sign of the most exciting period for payments since the invention of the debit card. Annual point-of-sale spend on Visa cards in the UK grew 9.2%… Continue reading >>

Smart terminals still represent big opportunity for criminals

As the industry continues its trend toward smart terminals with integrated software for payments and other services, criminals are likewise stepping up their efforts to secure a new treasure chest of data at the point of sale. Even though payments services have made unprecedented technical advances the past few years, criminals love security gaps that can arise with new technology, making it… Continue reading >>

50% of US retailers not prepared for EMV migration deadline

With only nine months until the EMV migration deadline, retail and technology professionals are still unprepared, according to a recent survey by ACI Worldwide. The survey of 200 retail industry professionals was conducted in January 2015 at the National Retail Federation’s 104th Annual Convention and Expo, “The Big Show,” in New York. Principle findings of the survey included: EMV Readiness…. Continue reading >>

Starbucks drops Square and deepens app strategy

Starbucks has launched its mobile payment app in Germany and France to enable its customers to make payments using a mobile version of their Starbucks card. The app is the same one which operates in the US and UK and it works in the same way globally. The company also announced quietly before Christmas that it and Square are going their… Continue reading >>

Microsoft deploy PayPal mobile payments

PayPal has joined forces with Microsoft to bring its PayPal Here hardware card readers to Windows devices, as well as develop EMV-compliant readers. The collaboration is aimed at small and midsize businesses (SMBs) and merchants looking to enahnce their in-store experiences with mobile devices. The card reader will become available later in 2015 for several Microsoft devices, including the Surface… Continue reading >>