Visa disappointed with Durbin Amendment

May 23, 2010

Visa Inc. said it was disappointed with an amendment passed Thursday with the U.S. Senate financial regulation bill that would limit interchange fees.According…

Walmart to embrace smartcard payments

May 23, 2010

Walmart is planning to make its American payment terminals compliant with smartcard-based technology.According to Tech World, the plans were announced this…

Walmart MoneyCard first to offer cash back on prepaid debit card

May 20, 2010

Walmart has announced the first cash-back incentive for consumers using a prepaid debit card. When customers use the Walmart MoneyCard to buy gasoline for…

New iPhone case turns device into mobile wallet

May 19, 2010

In the near future, customers may be able to use their iPhones as credit cards.According to Mobile, DeviceFidelity has built an iPhone case that will enable an…

MasterCard upgrades network, reduces transaction time

May 2, 2010

MasterCard Worldwide today announced the introduction of multiple innovative enhancements to the MasterCard Worldwide Network that will offer its…

The return of the Target-only credit card

by James Bickers — Editor, Networld Alliance

It's a move that is understandable from a financial standpoint but questionable from a customer satisfaction one: As we reported Tuesday, Target is…

Target switching to Target-only credit card

April 19, 2010

Target Corp. announced today that all new qualified credit card applicants will receive the Target Credit Card, a credit product accepted at all Target stores…

Whole Foods to stop accepting checks

by James Bickers — Editor, Networld Alliance

OnMilwaukee.com reports that Whole Foods is about to take away several payment options.

Cell phone sticker for contactless payments wins award

March 8, 2010

Convego Air Mobile, a sticker for contactless payment from Giesecke & Devrient (G&D), was a winner at this year’s CIT Golden Card awards in the…

Researchers find security flaw in chip-and-PIN payment system

February 14, 2010

The United Kingdom's Retail Week reports that researchers at Cambridge University have tricked a chip-and-PIN payment system into authenticating a payment when…

Secure POS Vendor Alliance announces new members

January 24, 2010

The Secure POS Vendor Alliance (SPVA) recently announced five new members, bringing its inaugural year total to nearly 20.

MasterCard offers rebates via prepaid cards

January 4, 2010

MasterCard Worldwide today announced that it has partnered with Ohana Companies, provider of integrated retailer rebate processing, to enhance the rebate…

Swiss farm shop tests unmanned NFC retail payments system

December 22, 2009

Eighty customers of a farm shop in the Zurich region of Switzerland have been equipped with NFC phones that automate the process of shopping for locally…

Report: Gift card spending to drop slightly

November 18, 2009

While they remain the most requested holiday item, shoppers are expected to pull back on buying gift cards again this year. According to NRF's 2009 Holiday…

First look: Inside the Microsoft retail store

A visit to the first Microsoft store reveals that comparisons to Apple are like apples and oranges.

Report: More holiday shoppers will pay with debit, cash

November 16, 2009

It's the year for a little more green and a little less plastic. According to NRF's 2009 Holiday Consumer Intentions and Actions survey, conducted by…

Xsilva to showcase Mac-based POS at NRF

November 16, 2009

Xsilva Systems Inc., maker of LightSpeed, a comprehensive suite of tools for retailers, is set to become the first company to present a Mac-based…

G&D launches cell phone sticker that enables contactless payments

by James Bickers — Editor, Networld Alliance

November 8, 2009

Giesecke & Devrient today announced the availability of its Convego Air Mobile sticker, which enables users to add full debit and/or credit card…

Amazon PayPhrase lets shoppers make payments with words rather than numbers

by James Bickers — Editor, Networld Alliance

October 29, 2009

Amazon this week unveiled its PayPhrase service, which aims to make online purchasing quicker and easier both on its site and on other participating sites on…

Survey: Returns fraud will cost retailers $9.6 billion in 2009

October 28, 2009

Though return fraud continues to plague the retail industry, changes in policies have helped companies see improvements in some areas. According to NRF's…