News

Wither Amazon Register? Wither mPOS?

A large merchant base? Check. Robust distribution network? Check. Competitive pricing? Check! That’s Register, the mPOS service that Amazon shut down last week. Launched just a year ago, the $10 mPOS device was touted to be the retail behemoth’s answer to Square and PayPal. So what happened? And does this portend a broader shift in the mPOS landscape – and perhaps the shape of things to come? The PYMNTS mPOS TrackerTM for November will answer some of these questions.

EMV and mPOS

mPOS is catching up with EMV, with most players upgrading and releasing devices to read chip cards. Mobile POS provider Square will begin shipping its EMV and contactless chip card readers in December. In this edition, we highlight product upgrades and new launches.

Tracker Updates

Despite Amazon’s withdrawal, the mPOS landscape continues to expand. We added five new players to the mPOS tracker family: ASB Accept mPOS, iCompass, MobiMagic, Moneris PAYD and TechnoLabs. Profiles of 13 existing players were updated based on partnerships and other announcements. iZettle’s score changed after updating its profile to add geographies and more. AnywhereCommerce, CardFlight, ConCardis, goSwiff, Infinite Peripherals, payleven, Powa Technologies, SoftPay, Square, SumUp, Surefire Systems and Swish were updated to reflect the new things that they are doing.

To download the full report, click here.

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WATCH LIVE: MONDAY, JANUARY 18, 2021 AT 12:00 PM (EST)

About: From the online betting sector where one’s physical location at the time of wager is a matter of state law, to banks complying with stringent international Know Your Customer (KYC) regulations, geolocation services are proving a powerful weapon against fraudsters. Curiously, however, new PYMNTS research shows that consumers are more willing to share location data with food-ordering apps than with their own bank’s mobile app. Be part of the discussion as PYMNTS CEO Karen Webster and experts from the geo-data sector talk about the revolution in geolocation data usage, and why banks must take part.

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