Airlines Profits Linked to Deployment of Robust Mobile Payment Solutions

Already accustomed to using smartphones to pay for everything from shared rides to in-app retail purchases, airline passengers are demanding access to the most popular digital wallet solutions and alternative payment methods (APMs) to meet their travel needs, such as Android Pay, Apple Pay, PayPal, MasterPass, Visa Checkout and Alipay. A new report from CellPoint…

Citi’s Costco Card Drives PDV +60% & Outstandings +28% – Q4 Profits Soft

Citibank North America branded credit card metrics exploded again in the fourth quarter (4Q/16) as the Costco card acquisition from American Express last year remains in high gear, according to CardData. However, card income declined by double-digits in the fourth quarter, driven by the additional costs associated to the Costco portfolio. North America Citi-branded card revenue…

Credit/Debit Card Payments Maintain Lion’s Share of All U.S. Consumer Payments

Purchases of goods and services totaled $9.550 trillion in 2015, up 3.4% year-on-year (YOY). The four card-based methods of payment of credit, debit, prepaid, and electronic benefits transfer generated $5.665 trillion in purchases or 59.32% of all consumer payment systems volume. Credit cards accounted for $2.932 billion, 30.70% of volume. Debit cards accounted for $2.420,…

First PCI PTS 5.x Certified Smart Payment Terminal Enters U.S POS Market

Ingenico has introduced its sleekest, most secure smart terminal specifically engineered for the ultimate checkout experience. Designed for speed and efficiency in any environment, the Lane/7000 enables merchants to increase customer engagement, improve brand loyalty and drive additional sales directly through the smart terminal.  The launch of this device also marks the introduction of Ingenico…

SMEs Targeted for NFC-Enabled EMV-Compliant Groovv POS Flex

Samsung Electronics America and Total Merchant Services unveiled Groovv POS Flex, a comprehensive and easy to use point-of-sale (POS) solution designed specifically for small- to mid-sized businesses. Groovv POS Flex features a Samsung Galaxy Tab E 9.6” Tablet and an EMV-compliant and NFC-enabled payment processing device, which are pre-programmed with a full suite of software…

Diebold Nixdorf’s New Extreme Self-Checkout Concept is 1.5X the Width of a Dollar Bill

Diebold Nixdorf’s new Extreme Self-Checkout offers the ability to serve as an automated teller machine (ATM), point-of-sale (POS) terminal and a self-checkout unit. The concept enables an unprecedented level of consumer convenience by connecting the physical and digital worlds of shopping to create a seamless end-to-end experience.  By accepting cash, card and contactless payments, the…

Personal + Mobile + Seamless + Secure = Unified Commerce for Retailers

Unified commerce goes beyond omni-channel, putting the customer experience first, breaking down the walls between internal channel silos and leveraging a common commerce platform. Retailers are moving in this direction with 71% planning to have a unified commerce platform within three years. According to a new report from Boston Retail Partners (BRP), the mobilization of…