Givex set to acquire Chase Paymentech gift card business

Global provider of cloud-based data processing services announced today that it has agreed to acquire Chase Paymentech's gift card business.

FEATURES


Why merchants should adopt a mobile wallet strategy

Michelle Evans, senior consumer finance analyst at Euromonitor International, states her case for why retailers need to have a way to reach consumers anytime and anywhere.

In retail cyber-security, bigger isn't always better

Here are four surprisingly non-technical reasons small- to mid-size retailers have a leg up when it comes to fighting cyber-crime.

Execs from Overstock.com, Massachusetts Division of Banks headline speaker lineup for Virtual Currency Today Summit

Conference, held April 29 in Boston, will explore the growing trend of consumers using bitcoin and other virtual currencies as a method of payment.

PayPal Here comes to Windows

The partnership between the two companies gives small and medium-sized merchants another option for mobile point-of-sale services as Microsoft positions its newest tablet as a commerce device.

How Apple killed the digital wallet

Rick Oglesby, a senior research analyst for Double Diamond Payments Research, explains how Apple Pay changed the outlook for mobile payments.

Mobile payments dominate the early holiday shopping season

Consumers now more than ever are using their smartphones and tablets to shop on Thanksgiving, Black Friday and Cyber Monday.

The basics of bitcoin for retail

E-commerce and brick-and-mortar retailers targeting millennials and other tech-savvy consumers should give serious consideration to accepting the virtual currency.

Survey names 'naughty,' 'nice' online retailers when it comes to security

Criteria for judgment included password requirements, personal information requested and how much effort they put into helping their customers follow good security practices.

The key piece missing from Apple Pay

Apple Pay diminishes the ability to track shopper behavior. This is among the reasons that some major retailers are not accepting it.

Virtual currencies: bitcoin and beyond [infographic]

An array of virtual currencies are making their presence known.

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NEWS


Winklevoss brothers are trying to build a regulated bitcoin exchange

According to a report, the twins have managed to secure an agreement with an unnamed New York bank that will allow them to move virtual currency in and out of client checking accounts.

Amazon's mobile wallet finds a quick end after only 6 months

The company Tuesday sent Amazon Wallet users an email that said the beta program for the mobile wallet had concluded and that the app would no longer be available for new downloads.

Ingenico debuts new mPOS product for small businesses

Company partners with Beamm to provide merchants with a product that combines tablet POS software with cloud-based tools.

Verifone announces multiple mPOS initiatives for retailers

Company also puts emphasis on contactless and EMV acceptance.

ShopKeep launches mobile app for iOS

The app works with ShopKeep Register, the company’s point of sale application, and offers users the ability to monitor business operations via their mobile devices.

Number of cyberattacks on retailers drops by half, but hit more victims per incident

Criminals still stole more than 61 million customer records in 2014, despite taking off two of the biggest shopping days.

CES 2015 will feature virtual-currency showcase

The World of Bitcoin will expose CES attendees to virtual-currency technology.

Seventy percent of shoppers buying gift cards this year

Although other holiday retail signals are mixed, gift card spending is on the rise.

Walt Disney World adds Apple Pay, Google Wallet acceptance

Disney will leverage the contactless infrastructure it already has in place for the MagicBand.

WingCash makes its digital wallet brand available to merchants

Brand Cash is a closed-loop, digital currency that a business creates with WingCash, and that a consumer can use either for online purchases or at a brick-and-mortar store with a smartphone.

ShopKeep POS now supports Apple Pay, chip cards

For a limited time, new merchants receive a free reader at signup.

Global mobile NFC payments to exceed $130 billion by 2020

This equates to 254 million mobile users making five payments per month at an average of slightly less than $9 per transaction.

Survey says online shoppers lack trust in credit cards

Connexity's Bizrate Insights finds U.S. shoppers most trust their personal bank, PayPal and Amazon.

NCR Silver POS adds LevelUp

NCR Silver merchants can activate the LevelUp application as a payment option in their POS system.

First Data and Verifone partner to fight consumer payment data theft

First Data will offer Verifone's Secure Commerce Architecture (SCA) to provide safer, streamlined transactions and expedite EMV integration in the United States.

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It's all about the money, and retailers that make it easy for their customers to pay for products and services increase their chances of making the sale. Payment technology is constantly evolving, too, meaning that retailers need to keep both themselves and their in-store systems up-to-date.