USA Technologies has ankled Priyanka Singh as the company’s new Chief Financial Officer, effective March 31st. She replaces interim CFO, Leland P. Maxwell, who will continue with USAT in a senior finance role. Ms. Singh brings over 15 years of finance and accounting experience to the position, including five years in the payments industry. She…
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…
Ford Motor has inked deals with ExxonMobil, Samsung, DriverScore, Sygic and Dash Radio to enable consumers to pay for gas without leaving the car, project a navigation map from a smartphone to the in-car touch screen, and using a new app that could help lower vehicle insurance rates. Leveraging ExxonMobil’s Speedpass+, an automated payment system…
IBM and Visa have teamed to quickly introduce secure payment experiences for any device connected to the Internet of Things (IoT). The collaboration brings together IBM’s Watson IoT platform and cognitive capabilities, with Visa’s global payments services that are used by more than 3 billion consumers globally. IBM’s Watson IoT Platform allows businesses to connect…
NCR unveiled the NCR SelfServ 80 Series, a new family of ATM solutions enabling bankers to provide one-to-one interactions at moments that are the most relevant, useful, and actionable. Through a unique combination of innovation across software, hardware, and services, consumers and financial institutions will gain many new benefits from this mobile-ready ATM solution. A…
USA Technologies signed agreements with several Pepsi Cola bottling franchisees throughout North and South Carolina to leverage USAT’s cashless payment technologies within their existing inventory of vending machines. The company has 11,900 customers and over 469,000 point of sale cashless payment devices on the ePort Connect platform. In total, six Pepsi-licensed bottlers, operating under the…
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…
Next week is the biggest week in the retail world as the NRF Big Show opens January 15th in New York City. New payments gizmos will daze and maze at the annual event. Direct Source will provide a look at the newest digital marketing tools, in-store systems and customer-facing technologies to help retailers create a…
Verifone has pulled up the curtain on its sleekest, the most advanced and intuitive multilane payment device ever. Verifone designed the new M400 to enable this for its department store, specialty retailer, grocery store, hotel, quick service restaurants and convenience store clients. Verifone says multilane merchants need a platform capable of supporting their vision for…
Among this year biggest payments innovations and product introductions is First Data’s new Clover Go “All-In-One” reader. It is the first fully integrated payment card reader that accepts payments via card swipes, EMV and NFC transactions (including Apple Pay, Android Pay & Samsung Pay) all through a single device. Beyond its convenient all-in-one functionality,…
The abandonment rate of smartwatches is 29%, and 30% for fitness trackers, because people do not find them useful, they get bored of them or they break, according to a survey by Gartner. Dropout from device usage is a serious problem for the industry. The abandonment rate is quite high relative to the usage rate.…
The global IT transformation underway in overdrive will trigger significant changes for several industries in the coming year. With an unmatched geographic footprint across 40 global markets, and with more than 8,000 customers and 188,400 cross-connects, Equinix has unique data-driven insights into the key drivers pushing enterprises to succeed in the digital economy. This unique vantage point is enabled through…