Bill jams are commonplace when your kiosk accepts cash payments. No matter how advanced the bill acceptor, there’s always that guy that inserts a bill covered in mud, or something worse, and gums up the device. Source: blog.kiosksimple.com Good pointer on EBDS and the Crane/MEI SC bill acceptors for kiosks. Bill Jam is a supported error code for sure. For multiple BAs… Read More »
Thanks to Andrew Savala of KioskSimple If you’ve been watching the news lately you’ve probably heard about the credit card security breach at Target and all the buzz around “Chip and PIN” or “EMV.” In the case of Target, while hackers could have stolen the information from EMV capable cards the data would have been worthless. This is… Read More »
Apple Pay thus far has been hit or miss when it comes to vending machines and other similar self-service, standalone hardware. However, with USA Technologies’ Source: www.pymnts.com
ISVPay and Unattended Card Payments (UCP) deliver omnichannel payments for self-service kiosk businesses Background Overview The general synopsis of this partnership is that ISVPay provides FirstData and TSYS backed merchant accounts, they are a billing channel for solutions we recommend often during our consultations and they are very talented at aggregating small ticket transactions to save kiosk operators… Read More »
Fiscal 2014 was good to TIO Networks as well and saw the company pump up revenues 25% from the preceding cycle to $50.87 million with gross margins for the year also experiencing a bump to 29.4% from 21% reported a year ago. Source: www.stockhouse.com Keeping up with Hamed Shahbazi at TIO. 2015 looks to be another breakout year… Read More »
Fine list of best Payment oriented business ideas and most innovative new ventures. Source: www.theinnovationproject2015.com Categories: Best POS Innovation, B2B Innovation, Cash Innovation, Small Business, Checks, Prepaid, New Tech, and more.
The strategic partnership will offer US consumers quick, easy and safe bill pay options at kiosks nationwide, the companies say. Source: www.kioskmarketplace.com LD Systems offers highly customizable kiosks with electronic payment functionality for myriad options including: self-serve banking transactions, utility payments, court fines & fees (civil, family, criminal), property tax, toll tags, DMV motor vehicle tag renewals, parking… Read More »
Berg Insight, a dedicated M2M/IoT market research firm based in Sweden, has found that the global installed base of connected vending machines grew by 18.4 percent to 1.16 million units in 2014. Around 0.56 million of these machines have been installed in… Source: www.vendingmarketwatch.com The connected vending market has gained momentum as vending operators have started to deploy… Read More »
Android Pay, GOOG’s new payment API, takes on Apple Pay & AAPL. But what IS Android Pay, how does it threaten Apple, and where does Google Wallet fit in? Source: investorplace.com Last week, Google bought Softcard for an undisclosed sum. The biggest plus for GOOG? All three major carriers will pre-install Google Wallet on their Android devices. With google wallet all… Read More »
Activation and issuance of DubaiCard will take less than a minute Source: gulfnews.com Sallie Henry, contracts manager at National Pay, said that there will be 200 kiosks in Dubai in phase one and expansion to other emirates. To get a card, she said that a customer needs to have the passport or Emirates ID. The Emirates ID… Read More »
Walmart’s top payments executive told a conference last week that letting banks issue EMV credit cards without PINs makes a mockery of EMV security, CNN Money Source: www.pymnts.com But card brands Visa and MasterCard, which are allowing banks to issue PIN-free credit cards, argue that the security improvements aren’t worth the high cost of retrofitting credit card-processing systems. … Read More »
47 percent of Apple Pay users were denied by a participating merchant, study says. Source: arstechnica.com One piece to the puzzle that might keep banks paying into Apple’s platform is that customers seem to use credit cards more often on Apple Pay. According to Phoenix, 82 percent of Apple Pay users linked a credit card to their accounts,… Read More »
A US trade group is asking the payment-card industry to delay the October EMV transition plan that will leave the retail food stores and pharmacies it represents liable for fraudulent transactions if they are unable to meet the deadline. Source: www.paymenteye.com FMI sent letter to VISA/MC asking for 2016. Retail food stores and pharmacies will not be able… Read More »
Payment Kiosks Alternative Payment Methods 2021 Payment kiosks are increasing in number and in the verticals where they are used. Many grocers and big box stores have implemented self-checkout to keep lines short, provide shoppers with greater convenience, and make the most of labor – one associate can manage multiple checkouts equipped with kiosks that accept payments rather… Read More »
CBD recognized for its Digital Banking innovations at the BME UAE Product Awards Source: cpifinancial.net
In the financial services industry, the term “cash handling” is commonplace. Everyone – from the C-suite down to each individual worker, knows the value of quality cash handling and money management. However, in the retail industry, the importance of cash handling can slip through the cracks. Source: arca.com The mobile phone crowd likes to dismiss cash but, not… Read More »
Bill jams are commonplace when your kiosk accepts cash payments. No matter how advanced the bill acceptor, there’s always that guy that inserts a bill covered in mud, or something worse, and gums up the device.
Dual devices provide redundancy that comes in very handy, especially when collecting money. Nice writeup Andrew!
Payment Kiosks The rise of the internet, social media and smartphone devices, has radically changed consumers’ shopping habits, according to a new report by Deloitte. Source: www.paymenteye.com good data on higher conversion and higher spend.
The 2015 Payments Power list has been revealed – find out who has made it into the top ten. Source: www.paymenteye.com
Where there’s a will, there’s a way. Transaction laundering, not to be confused with money laundering, is a pretty big will that has found some Source: www.pymnts.com Good read on how proliferation of payment methods coupled with push to emv will radicalize this type of fraud
Finextra: The Western Union Company (WU), a leader in global payment services, today announced that it has signed an agreement to activate Western Union Money Transfer services within WHSmith high street stores via Western Union’s innovative…
money transfer kiosks by western union going into 300 sites
The City of Gold Coast is conducting a trial using CommBank’s Android-based EFTPOS tablet Albert so that residents can pay their rates and water bills.
Leftovercash is a convenient kiosk that will convert your foreign currency to cash or gift cards.
If you’ve been sifting through your wallet and counting the increasing number of chip-enabled cards you can find in there, you’re probably becoming more and more confident that EMV is finally happening in the U.S.
Key basis — According to a DDPR survey of 26 ISOs and acquirers in the first quarter, only 30% had an interest in pursuing a partnership or a vendor relationship for EMV. That compares to 72% for mobile point of sale, 68% for digital loyalty, 62% for semi-integrated payments solutions, 58% for integrated payments and 46% for e-commerce gateway.
Announcing newest Bill Pay Kiosk Outdoor thru wall JACK in a small city market. JACK Flash Update: The city of Winnsboro has a population of around 3400 & about 1000 water accounts. Winnsboro JACK went live Sunday, July 19th, & during only the first three days of operation JACK completed over 60 successful transactions (payment times range from… Read More »
Premier Tax Free Shopping unveils self-service refund platform
The kiosk is connected to all till points in-store, and automatically recalls the purchase information as soon as the receipt is scanned.
Using inbuilt scanners, the tourist can simply scan their passport and sign the form using an inbuilt signature pad. Respecting all local and international regulations, the printed tax-free form is fully compliant, and in some countries, such as France, it is linked to Customs to synchronise with local systems.
In the US, cash in circulation grew 42% between 2007 and 2012 (Credit: Getty Images)
Read the entire article on bbc.com — It’s tempting to forecast the demise of cash. In fact, people have been predicting the end for physical money for nearly 60 years. With the rise of credit cards, contactless payments and cryptocurrencies like Bitcoin the death knells have only gotten louder.
The Netherlands is an interesting case study to look at more closely, because their retail sector has recently embraced card payments in a big way. There are now 1,400 supermarkets in the Netherlands with registers that don’t accept cash.
In the UK, half the transactions by consumers in 2013 were with cash
As a result, card payments in the Netherlands have been growing by about 7 to 8% annually over the past few years. And yet, cash is still king. In 2012, there were 2.7 billion card payments, but an estimated 3.5 to 4 billion payments were made with cash. “Even in supermarkets which all accept debit cards, cash is still used heavily,” Jonker says. “For the time being we think cash will keep on having an important role.”
Studies of other nations tie in with these finding
excellent writeup on cash dispensing, cash recycling. cash is 50% of transactions.
31st August 2015 to 03rd September 2015 NPA’s 64th Annual Convention & Expo is the one event of the year that brings together the foremost experts and resources in the parking industry Source: www.cranepi.com SCR 2-denomination recycler CPI will be demonstrating our SCR 2-denomination recycler with multi-bill escrow at the expo. Offering unique value the SCR creates new… Read More »
Despite recent figures suggesting people expect to use less cash in the next decade, the ATM is still going strong. In fact, as Link’s figures showed last week, they are actually on the rise in the UK, and if one looks at the recent crop of machines, it becomes clear that they are doing all they can to… Read More »
Thanks to Kirk at ARCA and also Innopay with original article Fintech is unbundling the universal banking model: three strategic questions to answer Mounaim Cortet, Douwe Lycklama Payments, Article 31-08-2015 In the ‘universal model’ banks typically offer a broad product portfolio in retail, private, commercial, investment and transaction banking, along with wealth and asset management and insurance. This… Read More »
Global Tel*Link (GTL), the leading provider of correctional technology solutions, today announced that it has begun to include key-injected credit card scanners in all of its new payment kiosk deployments, as well as to perform quarterly inspections and audits of all payment kiosks. With this move, GTL is emphasizing its commitment to the protection of customer data by complying with and going beyond industry standards for customer data security.
The Western Union Company, a leader in global payment services, has announced that its Western Union Money Transfer services have opened within the Alnwick WHSmith store via its self-service kiosks.
More than 670,000 people have obtained the identification cards since the program began in January. One of the program’s goals is to help many of those people obtain bank accounts. But some of the biggest banks in the city — including JPMorgan Chase,Bank of America and Citigroup — will not accept the cards as a primary source of identification, even though their federal regulators and some smaller banks have approved their use.
Good article on unbanked in New York, Thanks Kirk at ARCA!
Source Technologies’ Self-Service BillPay kiosk software received a 100 percent on Veracode’s SecurityReview® program, which inspects techno
CHARLOTTE, N.C.–(BUSINESS WIRE)–Source Technologies, a leading provider of integrated solutions for managing financial transactions and other secure business processes, announced that its Self-Service BillPay kiosk software received a 100 percent on Veracode’s SecurityReview® program, which inspects technology vendors’ software code for security flaws.
Source Technologies’ Self-Service BillPay kiosk is a complete, automated solution comprised of its 6-Series kiosk and BillPay software application. The solution is engineered specifically for retailers that want to offer their customers quick and simple self-service bill payment capabilities in-store. The BillPay software is PCI compliant to ensure 100 percent secure transactions, and interacts with the kiosk to accept all payment forms, including cash, credit, debit, check and pre-paid cards.