Category Archives: M POS

Stripe banks $70m in fundraising

Online payments start-up Stripe on Monday closed a $70m fundraising round that has seen the company’s valuation double in less than a year to $3.5bn, as investors see promise in a group that is working with Apple, Facebook and Twitter as part of their forays into e-commerce. The San Francisco-based business, founded in 2010 by Irish brothers Patrick and John ...
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Square begins EMV chip-card reader launch

Mobile payments platform provider Square has made an EMV chip-card reader available to its customers. But rather than offering the reader for free, Square is charging customers $29 as part of a pre-sale, and it won’t ship until early 2015. Short for Europay, MasterCard, and Visa, EMV is the payments standard at the center of the upcoming migration planned for ...
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SumUp integrates Bitcoin payments through BitPay

SumUp has announced that it has integrated Bitcoin into its mPOS solution through BitPay, the world’s largest Bitcoin payment processor. The integration means that any bricks and mortar retailer can now easily accept Bitcoin payments. With SumUp’s streamlined checkout process, the customer simply confirms the amount with a single click on their smartphone after scanning a QR code or using NFC broadcast. ...
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First Data unveils Clover Mobile

First Data has unveiled Clover Mobile, a new mPOS business solution that brings new flexibility and versatility to the Clover family. Clover Mobile enables more personal consumer engagement for innovative small- to mid-sized businesses by taking the functionality of the popular Clover Station off the counter and on to the floor. Armed with Clover Mobile, merchants can place orders, take ...
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Amazon launches mPOS

In a widely anticipated move, Amazon.com has unveiled a $10 mobile point of sale device (mPOS) and mobile app for brick-and-mortar businesses, marking the latest step by the US online retailer to expand its presence in the physical world. The move places Amazon in a crowded market, including startup Square, which popularized a payments dongle that allowed small- and mid-sized ...
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Point of Sale (POS) forecast report

At 93% of total US retail dollar volume, the point of sale (POS) retail market towers above the online market and will continue to do so for years to come. But the growing popularity of the digital realm has fundamentally altered the nature of the POS, as brick-and-mortar retailers have had to embrace elements of mobile and online channels in ...
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Amazon Wallet

Amazon has quietly released a new Android and Fire Phone app, dubbed Amazon Wallet, which lets users scan cards with their phone and save them in the Amazon cloud, so they’re easily accessible when needed. Amazon’s first attempt at its own mobile wallet application, designed for use at POS, has made a quiet debut on the Amazon App store and on Google Play. ...
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MasterCard enable card payments in Vietnam

MasterCard and Sacombank have announced a partnership to MasterCard and Sacombank have announced a partnership to equip small merchants at the iconic Ben Thanh market in Vietnam with mobile Point of Sale (mPOS) terminals, enabling consumers to make card payments for the first time in its 100-year history. As a result of this partnership, the Ben Thanh market in Ho Chi Minh, which previously ...
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SumUp launches first proprietary Chip & PIN device in Europe

Mobile point-of-sale (mPOS) company SumUp announced the launch of the first proprietary mobile Chip & PIN device of an mPOS provider in Europe. The device, called PIN+, is available in Poland and Switzerland as of today before being rolled out across Europe in countries including the UK, Germany, Italy and Spain in the following weeks. PIN+ will cost £79. SumUp’s ...
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Groupon to rollout ‘Gnome’ iPad POS system

Groupon has unveiled Gnome, an iPad POS system with deep integration into Groupon’s infrastructure that the company hopes will spur uptake among merchants that regularly run promotions through the service. Many of Gnome’s features are designed to make it easier for merchants to administer Groupon campaigns. Those with Groupon’s app installed on their phone, for instance, will automatically be recognized as they ...
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