Online Payment Transactions Eating In-Store POS

Online Payment Transactions Eating In-Store POS

With the steady rollout of EMV and NFC at in-store POS terminals, the launch of retailer apps that allow mobile checkout (e.g., IKEA), and the development of alternative networks, the retail POS payments landscape is forever changed. Macy’s and Walmart are just a few of the big names offering consumer the opportunity to purchase online…

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Briefs: AMS; BLUEFIN; VPIG; and FIS.

In Other News: AMS (ISO); BLUEFIN (P2PE); VPIG (ROK); and FIS (Cardless). AMS – Applied Merchant Systems continues to develop its integrated electronic payment processing platform while consolidating with other growing merchant acquirers, or independent sales organizations. In that pursuit, AMS expanded its senior credit facility with Goldman Sachs Specialty Lending Group and Business Development…

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UnionPay & Russia’s NSPK to Issue MIR Debit Cards

UnionPay & Russia’s NSPK to Issue MIR Debit Cards

UnionPay International and NSPK signed an agreement in Shanghai to jointly promote the participating banks of NSPK to issue UnionPay-MIR debit cards so as to provide new payment options for the local residents’ daily life and global travels, and to better support Sino-Russian communication. NSPK, established by Central Bank of Russian Federation in 2014, is…

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While Ready - Consumer Embrace of Biometrics is Cautious

While Ready – Consumer Embrace of Biometrics is Cautious

Securing card and mobile wallet transactions while meeting customer’s demands for streamlined experiences requires a variety of solutions that reach beyond what happens at the payment terminal. Today Javelin Strategy & Research released The Future of Cardholder Verification Methods: Beyond Chip and Signature, which explores an array of authentication solutions for point-of-sale incorporating rich customer…

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Kazkommertsbank to Expand Diners Club Acceptance

Kazkommertsbank to Expand Diners Club Acceptance

SC Kazkommertsbank, one of the largest acquirers and credit card issuers in Kazakhstan, is commencing Diners Club card business operations in Kazakhstan. Diners Club International is part of Discover Global Network. Kazkommertsbank will be the exclusive acquirer in Kazakhstan for Diners Club and other cards issued on Discover Global Network, which is made up of…

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