New York City’s two competing systems to pay for cab rides by mobile app have struck a truce, so passengers no longer have to guess which one works in what cab. On Wednesday (Sept. 10), VeriFone, whose Way2ride system worked in about half of NYC’s...
As the POS terminals evolve with the coming of feature-rich new payment devices, small businesses are gravitating toward adopting them, including cloud-based tablet solutions that crowd the marketplace. In a recent podcast interview, MPD CEO Karen Webster caught up with PayAnywhere CEO Marc Gardner to...
Keeping fraud, policy misuse and waste in check when it comes to corporate card programs can be quite the grueling and costly task. In fact, on average, companies attribute 3-5 percent of their annual spend to fraud, waste, and misuse, says Manish Singh, Vice President...
Say what you will about Apple, but when it throws one of its product rollout parties, almost everyone wants to play. With Apple’s first official step into mobile payments Tuesday (Sept. 9) and the unveiling of Apple Pay, few in payments wanted to be excluded....
TSYS’ enterprise tokenization initiative is just the latest step in its march to helping its issuing and merchant clients run their businesses more efficiently. Paul Bridgewater, TSYS Group Executive, Global Product & Innovation says that tokenization and keeping data secure is just one of the...
Most of the largest retailers have moved to EMV-based systems, but smaller businesses are well behind. And of those that have embraced the chip card standard, most also are including Near Field Communication chips in the terminals, executives at terminal manufacturer VeriFone Systems Inc. noted...
Amazon’s been in the market for about a month with its mPOS solution and theories abound about the impact that it will have on the mPOS ecosystem. Eric Hoffman, SVP and U.S. General Manager for ROAM is pretty bullish on the opportunities that it will...
Don’t think of prepaid products as only for the unbanked, or even the unhappily banked, says Chuck Harris, President at NetSpend. He’d prefer to think of it as a tool for the “self-banked” - those people who like and need the flexibility that stored value...
ATM cash planning requires a delicate balance of having enough cash on hand to satisfy consumers but not so much that banks can’t put extra cash to work. Models can help, says TSYS Deputy Director General for Moscow Andrei Povarov in a recent interview with...
