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Square Cuts Seconds from EMV Card-Processing Time
For merchants still on the fence about whether to buy Square Inc.’s $49 contactless card reader, there’s a new enticement to consider: Square has sped up the time it takes to accept EMV cards by 1.5 seconds.  more »
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Independent sales organizations and independent software vendors are equally threatened by disruption, making an alliance a logical — if uneasy — step for both groups. more »
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IBM and UnionPay, China’s transfer, settlement and clearing network, have created a client-focused business platform on which banks can integrate and share reward points programs. more »
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Walmart's new pact with JPMorgan Chase is anything but routine. From the perspective of Walmart, this deal hands it a long-desired holy grail: less expensive Visa transactions. more »
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As the payments industry prepares to lay the foundation for same-day Automated Clearing House payments this week, technology provider linked2pay is combining merchant onboarding for acquirers with real-time acceptance of ACH and other payment services. more »
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Apple Pay's move to the Web is exactly what Vantiv had in mind when launching Vantiv One Network Experience two months ago as a multi-channel app developers' playground. more »
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Walmart Stores Inc. will stop accepting Visa Inc. credit cards at all 16 of its stores in the Canadian province of Manitoba as of Oct. 24, extending a ban that began two months ago in Thunder Bay, Ontario. more »
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Even with advanced technology, fraudsters need a lot of help to get their hands on secure payment or personal data. One in five businesses apparently are unwittingly providing that help by not performing any security testing, according to new research. more »
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Electronics giant Best Buy will accept Chase Pay mobile payments in its stores, a move that clarifies the Merchant Customer Exchange's new role as distributor for Chase's QR-code-based system. more »
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Payment processor and technology provider Elavon is launching tablet-based point-of-sale software for its small and mid-size merchants in Canada. more »
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France-based supermarket giant Carrefour and Gemalto leaned on Host Card Emulation (HCE) to create a new solution with the sought-after feature of combining mobile payments and the store’s loyalty program within a single app. more »
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It was inevitable that someone would try to add up those extra seconds it takes to perform an EMV transaction, and when Cayan did it concluded that EMV is forcing U.S. consumers as a whole to spend years in extra time at the register. more »
Sweden’s iZettle is following a now-familiar playbook to fuel its expansion in Europe with its acquisition of intelligentpos, a company specializing in business-management tools popular with restaurants and other small to midsize businesses. more »
ISO&Agent's annual technology issue focuses on the tech trends shaping the payments industry. This year's issue takes stock of the U.S. shift to EMV payment cards, and asks what ISOs and agents can do to smooth the transition. Also: The results of our annual compensation survey.