American companies that use credit card processing and merchant services are on high alert after a Russian hacking group breached the servers of various POS or point of sale systems. The first victim of the breach was tech giant Oracle, which in mid-2016 acquired MICROS Systems, a major provider of POS solutions for the retail…
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Software giant Oracle Corporation became the victim of a data breach last week when a Russian organized cybercrime group gained access to hundreds of their systems. According to security experts the group gained access through a customer support portal for companies that use the MICROS point-of-sale software from Oracle. The MICROS software payment system is…
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Discovering Visa and PayPal were partnering up has shaken up the credit card processing industry. It is believed that everything from merchant services to eBay will be affected. Some immediately lauded how the partnership will enhance in-store NFC payments. The most cynical critics believe Visa, with PayPal under its watchful eye, will be better suited…
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Your technology is outdated. Although upgrading your payment hardware every time a fancy new solution arises isn’t necessary, your technology has an expiration date. Since updating to the new iPhone or Android seems like an annual occurrence for most consumers, your business’ technology has the shelf life to be in use a little longer than…
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As we approach the final leg of the race toward the looming EMV deadline, solutions that might sound like an answer to challenges associated with becoming EMV compliant begin to emerge. In this article I hope to address the problems ISVs are facing now that that October is around the corner and touch on a…
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What does the research say about consumer reaction to mobile wallets?
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What does the future hold for mobile wallet applications?
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Modern point-of-sale technology has progressed from the cash register to the full-service point-of-sale system, but is it about to progress once more? Mobile point-of-sale (mPOS) systems seem to be poised to become the next step in the evolution of merchant technology. Why? mPOS blends the functionality of the POS system with the mobility, familiarity, and…
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In the digital age, people have come to rely on smartphones for many purposes. They’re practically inseparable from one another. In what the retail industry views as a natural progression from accessing calls, texts, and emails, consumers are also using their smartphones as part of the shopping process. In a new report by G/O Digital…
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Point of sale systems are ubiquitous today. Restaurants, retail stores, online merchants, and even independent vendors all use them. Why? POS systems reduce labor costs, improve transaction accuracy, and allow merchants to integrate many features into one customer relationship management (CRM) package. For example, they enable gift and loyalty cards and facilitate personalized advertising. The…
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