Frictionless Monthly Payment Plans for Credit Cards at the POS

Splitit has partnered with Magento as a Select Technology partner to offer their solutions to the Magento ecosystem. Merchants using Magento will now be able to seamlessly integrate Splitit’s payment tool into their checkout process. Splitit enables retailers to instantly offer monthly payment plans to their customers directly at checkout. Splitit works on existing Visa and…

UAE Establishing a Mobile Payments Platform Integrated with Government Services

Emcredit, a subsidiary of the Dubai Economic, has inked a partnership with Cardtek to offer a secure infrastructure for mobile payments, identification, and extended smart government services for UAE residents. As a part of Dubai’s Smart Government Initiative, emPay will bring together a number of service providers including commercial banks, government departments, exchange houses, retailers,…

Visa Credit Cards Drive V+M Payment Card Purchase Transactions Growth

Purchase transactions (PTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 7.0% year-on-year (YOY) in the fourth quarter (4Q/16) to 21.3 billion. The growth was driven by credit cards, and more specifically Visa, according to CardData. U.S. purchase transactions for Visa and MasterCard payment cards (debit+credit) hit 21,311 in 4Q/16, compared…

Innovative Shopping Trends in Retail Taking Shape in 2017

The self-serve retail model, 24/7 stores with robot-assisted drive-thru windows, and interactive mirrors will become mainstream. Nearly half (47%) of consumers in a recent survey ranked interactive touchscreen mirrors in dressing rooms among the top three most exciting innovations of the future. According to Synchrony Financial’s Future of Retail: Insight and Influences Shaping Retail Innovation…

Brick & Mortar Clothing Showroom Offers Try-in-Store Buy Online – Bagless Shopping

Finer Fields’ physical store will “showroom” emerging fashion, design and lifestyle brands for home delivery. Dismissing storage of any sellable inventory, the storefront will only carry a brand’s sample product line for consumers to try in-store, and then buy on the Finer Fields’ mobile POS for online purchase for home delivery to give customers bag free…

PaySimple Service Commerce sPOS Targets SMEs

Denver-based PaySimple has reinvented point-of-sale software for service businesses with their new release of Service Point of Sale (sPOS) platform. Small- and medium-sized service business owners are looking for ways to simplify management tools and have a more comprehensive view of their businesses. PaySimple’s new sPOS is a virtual terminal that provides customers the simplicity…

LG Pay Adopts Wireless Magnetic Communication Solution

Dynamics’ proprietary Wireless Magnetic Communication (WMC) technology is being intergrated into the mobile payment strategy of LG Electronics. The game-changing technology revolutionizes mobile payments by allowing LG mobile phones to wirelessly communicate traditional magnetic stripe information directly to traditional magnetic stripe readers. An early version of the company’s WMC technology will be featured on the…

PrestoPrime EMV Terminal Captures U.S. Pay-at-Table Market

CA-based E la Carte has unveiled the PrestoPrime EMV Terminal, offering a solid pay-at-table experience available, with the highest levels of security available along with future-proof capability and unparalleled guest and server ease-of-use. The new PrestoPrime EMV Terminal is the successor to E la Carte’s current Presto System, which is operational every day in more…

Cannabis is the Fastest Growing Payments Segment in the U.S.

Eight states and the District of Columbia now allow the recreational use of marijuana, while another 28 states permit its use for medicinal purposes. In what has been touted as the fastest-growing industry in the U.S., investment opportunities in the cannabis space appear boundless. Companies are all employing a “no-touch” approach to their cannabis business…