Category Archives: M POS

MPOS devices could leave millions worldwide open to attack

Mobile Point of Sale (MPOS) devices can be easily hacked, leaving banks, retailers and millions of customers exposed to serious fraud around the world, global information security firm MWR InfoSecurity has revealed at the SyScan security conference in Singapore. Security researchers from MWR Labs, the research arm of the company, who in 2012 revealed critical vulnerabilities in Chip and Pin ...
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American Express invests in Indian mPOS provider Ezetap

American Express  has bought a minority stake in Indian mPOS provider Ezetap Mobile Solutions. Ezetap has deployed 12,000 devices across South East Asia and Africa, will use the funds to increase growth in these markets. It aims to take the total number of devices over 100,000 by next year. American Express believes mobile point of sales solutions will play an important ...
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52 million mPOS to be delivered in 2018

According to a Smart Insights Report, mPOS shipments are expected to keep growing in the next years at a CAGR of 40% between 2013 and 2018, leading to 52.1 million mPOS units to be shipped in 2018. APAC will be the region experiencing the fastest growth throughout the years, despite mPOS deployment in this zone starting slower and later than ...
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CaaS – Cybercrime-as-a-service

In its latest Threats Report security specialists McAfee Labs say they have identified 200 new malware samples per minute, or more than three new threats every second, during 2013, which marked an upswing in POS attacks in the final quarter – it also notes CaaS Cybercrime-as-a-Service. The McAfee Labs fourth quarter Threats Report highlights the role of the “dark web” malware industry ...
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Live @ MWC: Handelsbanken selects Point for mPOS businesses

VeriFone announced that Point and Handelsbanken, one of the highest rated banks in the world, will provide a mobile payment managed services solution for micro merchants and other small businesses in Sweden that want to use smartphones and tablets as mPOS. Point is providing VeriFone’s EMV-compatible PAYware Mobile devices and managed services including software support, deployment and helpdesk. Handelsbanken, a ...
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Barclaycard steps into mobile point of sale market

Literally one year from making its initial announcement Barclaycard has announced the launch of its mobile point of sale (mPOS) system, entering into an increasingly over crowded market. Barclaycard Anywhere incorporates a secure chip and PIN entry device which attaches to a smartphone or tablet running a purpose-built application. Payments made through the mPOS system are processed using a 3G or ...
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Mobile acceptance

Through a sequence of product launches in the last years, the payment industry has stepped further into the focus of general public. Especially mobile acceptance initiatives are mushrooming around the globe and getting media attention. Up to now, more than 40 mobile acceptance initiatives have been counted worldwide, about one third of them based in Europe. Over the year 2013, ...
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Mobile card readers impacting small businesses

The adoption of mobile card readers by some small businesses is impacting their need for credit, according to a recent survey by SYNERGISTICS Research entitled, Re-Evaluating the Small Business Credit Market. SYNERGISTICS examined the adoption of mobile card readers such as Square and GoPayment that allow small businesses to accept credit card and debit card payments from their customers via ...
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Mobile point of sale shipments surge by 50% in 2013

Merchants’ desire to conduct customer transactions on tablets and smartphones spurred a more than 50% boom in shipments of mobile point of sale (mPOS) hardware in 2013. But does the fact that more than 1 million of these devices were inactive last year, indicate issues in real market adoption? Global shipments of mPOS hardware devices soared to 8.4 million units ...
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The power of mPOS

The rapid growth of the mPOS sector worldwide is making a profound impact on the wider industry, with banks, vendors and non-bank players all fighting for a piece of the action - by Victoria Conroy, Editor, Payments Cards and Mobile. Although mPOS only emerged as a distinct category of payments around three years ago, the global mPOS industry has experienced exponential ...
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