POS and Retail

Former Mastercard and longtime bank executive Colleen Taylor has joined Wells Fargo, where she will oversee the bank's merchant services strategy.

In recent years, the in-aisle payments and checkout-free stores have become increasingly common across the U.K. retail market, especially in the supermarket and grocery sector. Now High Street fashion outlets are coming under pressure to introduce faster and more convenient payment options to keep up with consumer demands.

There are subtle differences in Walmart's virtual currency project compared to Facebook's Libra, but these may be enough to avoid the regulatory firing squad that Facebook has endured.

Square has launched Square Terminal in Canada in an effort to lure merchants that use myriad iPads, tablets and smartphones to receive payments in stores and remotely.

Marqeta was in on the API digital payments game early, but rivals from Stripe to Wirecard are aggressively expanding digital payment solutions for diverse consumer and B2B use cases.

The maturation of e-commerce has ushered in an era of personalization at scale and growing customer demand for convenient, flexible shopping experiences, writes Will Walker, enterprise manager at Roadie.

There are subtle differences in Walmart's virtual currency project compared to Facebook's Libra, but these may be enough to avoid the regulatory firing squad that Facebook has endured.

Despite being compliant, market-specific deployments leave retailers facing a new set of compliance challenges when moving into new geographies, argues Arnaud Crouzet, VP of security and consulting at FIME.

Mall landlords accustomed to offering rent reductions to ailing retailers are mulling a new strategy to forestall the industry's collapse: positioning themselves as lenders to tenants struggling to stay afloat.

As technology advances, new terms are existing with older vocabulary, causing potential confusion that challenges user experience, says NvoicePay's Alyssa Callahan.

In a bid to help small businesses whose transaction volumes don’t warrant acquiring a dedicated POS terminal, National Australia Bank is partnering with Visa and Quest Payment Systems to pilot a tap-on-phone solution that provides secure contactless card acceptance using the business owner’s smartphone.

Managing compliance and breach risk make it harder to offer a good customer experience, but the cost of friction may be even higher, argues Bob Janacek, CEO of DataMotion.

Investors are making bets on checkout-free retail, a category that is just as challenging as it is innovative. But it's payment technology's race to the moon, a chance to seize a favorable position in the struggle to save retail.

Walmart has filed a patent application for a digital currency that, like Facebook's Libra, would be a stablecoin backed by traditional currencies. And it envisions a very specific use case where its coin could stand in for cash — or even for a bank account.

Square has worked hard in the past several years to offer more than just mobile card acceptance, but not all of its efforts have paid off.

Younger consumers still like to go to the mall. Keeping them there requires a mix of easy payments, financing and shopping in multiple channels, says Nufar Segal, general manager of consumer financing for at Jifiti.

Most cloud storage systems have gaps that open the door to account takeover, API attacks and other threats, argues Pravin Kothari, founder and CEO of CipherCloud.

Square Inc. is selling its Caviar food-delivery app to DoorDash Inc. for $410 million, as the money-losing payments company searches for profits.

Standardizing charge backs would make management easier, and merchants would only have to understand one set of protocols, which could also standardize responses, says Monica Eaton-Cardone, COO of Chargebacks 911 and CIO of its parent company Global Risk Technologies.

Amex's multi-merchant rewards coalition, Plenti, may have failed, but ExxonMobil never gave up on the program's potential.