Point of Sale by Worldlink
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Point of Sale by Worldlink
News and information about the latest happenings in the POS industry.
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Why financial institutions need to embrace mobile commerce

Why financial institutions need to embrace mobile commerce | Point of Sale by Worldlink | Scoop.it
By not providing a mobile point of sale application to their merchant customers, banks lose out on valuable revenues from a rapidly growing market.
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Why do retail stores still have cash registers?

Why do retail stores still have cash registers? | Point of Sale by Worldlink | Scoop.it

"While the centralized checkout lanes have been a highly efficient system for stores, what are the actual costs in terms of lost sales? How many consumers abandon shopping carts because they don't want to wait in line, especially during peak holiday periods? What is the cost in terms of consumer experience and satisfaction?"

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Cybersecurity: Common Ground on a Growing Threat

Cybersecurity: Common Ground on a Growing Threat | Point of Sale by Worldlink | Scoop.it

"The retail industry hasn’t always seen eye-to-eye with President Obama...But there’s one subject where Obama “gets it” — cybersecurity and the need to protect sensitive consumer information like credit and debit card numbers."

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Contactless payments, US EMV migration power sharp increase in smart card growth

Contactless payments, US EMV migration power sharp increase in smart card growth | Point of Sale by Worldlink | Scoop.it
The US accounted for 185 million smart cards shipped in 2014, compared with just 30 million in 2013, the Smart Payment Association says.
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News Report Says Banks 'Brush Aside' Security on New Credit Cards

News Report Says Banks 'Brush Aside' Security on New Credit Cards | Point of Sale by Worldlink | Scoop.it
News media questions banks for not requiring PINs along with chips.
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Last Holiday Season for Fraud-Prone Credit Cards?

Last Holiday Season for Fraud-Prone Credit Cards? | Point of Sale by Worldlink | Scoop.it
Concerns over data security could make 2014 the last holiday season for cards as we know them.
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Expert Column: Grocers Could Lead on Alternative Payments

Expert Column: Grocers Could Lead on Alternative Payments | Point of Sale by Worldlink | Scoop.it
Digital gift cards may ease shoppers into using cryptocurrencies
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Commerce without boundaries: The new role of point of sale

Commerce without boundaries: The new role of point of sale | Point of Sale by Worldlink | Scoop.it

"By connecting the POS device to the back-office mainframe, retailers were able to perform business operations more effectively and keep more accurate records of sales and stock, as well as provide a secure environment for cash transactions.

Today, we find ourselves in a very different, transitional retail landscape on the journey towards what I like to call “boundary-less commerce.” As consumers increasingly turn to alternative commerce platforms such as online, mobile and telesales, many traditional stores are being left behind."

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New Information from an Old Standard

New Information from an Old Standard | Point of Sale by Worldlink | Scoop.it

"Bar code readers might seem like low-tech devices that have been around forever. It’s not entirely untrue — they have been in use for 40 years, and until recently the technology hadn’t changed much...

 

Among the new developments involving the application of bar code readers are systems that streamline data so that retailers can retain the most pertinent information and enable payment and rewards programs offered on mobile devices."

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Six Steps to Boost Data Security Protection

The year 2013 was a wake-up call for retailers with regards to national data breaches, with frequency jumping 62% from 2012 to 2013. Eight chart-topping breaches exposed information totaling just over 10 million people last year, as opposed to one single breach of that size the year before.

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Choosing Your POS System: The Importance of Durability Testing

Choosing Your POS System: The Importance of Durability Testing | Point of Sale by Worldlink | Scoop.it

"When choosing a POS system, one should not only be concerned with the type of software and power it features, but also how the system can perform in the long run.
A significant part of this consideration is the system’s hardware durability. If your hardware can’t endure various conditions in your busy, day-to-day environment, the whole POS system can fail."

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Why hackers may be stealing your credit card numbers for years

Why hackers may be stealing your credit card numbers for years | Point of Sale by Worldlink | Scoop.it
Hackers may have the upper hand for years as the retail industry slowly upgrades its systems, analysts said
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Supervalu: Linked to Other Breaches?

Supervalu: Linked to Other Breaches? | Point of Sale by Worldlink | Scoop.it

"While it could take several weeks to months for the chains to reveal definitive details from their forensics investigations, experts say memory-scraping vulnerabilities within the chains' point-of-sale devices and software are likely to blame."

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Heartland partners with PAX for EMV-enabled terminals

Heartland partners with PAX for EMV-enabled terminals | Point of Sale by Worldlink | Scoop.it

"Heartland Payment Systems, one of the nation’s largest payment processors, this week announced it has teamed with POS terminal provider PAX Technology Inc. to provide EMV-compliant payment terminals through its Heartland Secure card data security product and comprehensive breach warranty, according to a press release."

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Ready for Chip Cards at POS?

Ready for Chip Cards at POS? | Point of Sale by Worldlink | Scoop.it

"Getting ready to accept chip cards has certainly been a hot topic of conversation in retail circles recently. Merchants have replaced or upgraded POS systems. So retailers are ready, right? Maybe."

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An $8 billion credit card overhaul in the US might not be very effective at solving security issues

An $8 billion credit card overhaul in the US might not be very effective at solving security issues | Point of Sale by Worldlink | Scoop.it

"New technology about to be deployed by credit card companies will require U.S. consumers to carry a new kind of card and retailers across the nation to upgrade payment terminals. But despite a price tag of $8.65 billion, the shift will address only a narrow range of security issues."

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Paper, Plastic or Compromised Security? The Point-of-Sale Risk in the Internet of Things

Paper, Plastic or Compromised Security? The Point-of-Sale Risk in the Internet of Things | Point of Sale by Worldlink | Scoop.it

"As technology becomes smarter and more intuitive, conveniences like tableside payment kiosks in busy restaurants have become more commonplace, leading to highly personalized (and time-saving) experiences for consumers...

Unfortunately, developments like these provide malicious actors opportunities to access private payment card data and other highly sensitive information."

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2015 restaurant technology trend predictions from Nation's Restaurant News

2015 restaurant technology trend predictions from Nation's Restaurant News | Point of Sale by Worldlink | Scoop.it

"Restaurant operations will be tapping technology with greater gusto in 2015 in both the front and back of the house."

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Holiday shopping may not be more secure

Holiday shopping may not be more secure | Point of Sale by Worldlink | Scoop.it

"After a spate of data breaches in the past year heightened consumers' fear of personal information being stolen and led retailers to beef up security, shoppers may not be that much safer this holiday season."

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Australian food chain introduces 'facepay' - Business

Australian food chain introduces 'facepay' - Business | Point of Sale by Worldlink | Scoop.it
Australia-based food retailer 100% Genuine has challenged China's current retail payment system by launching the technology facepay in Shanghai on Monday.
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RPT-INSIGHT-Retailers give themselves makeover as millennials follow own beat

RPT-INSIGHT-Retailers give themselves makeover as millennials follow own beat | Point of Sale by Worldlink | Scoop.it

"Compared with their parents, millennials are far less likely to identify with a political party or to formally affiliate with a religion - key indicators of an independent streak - according to Pew Research Center. As shoppers, they are less attached to brands and more willing to create their own style, surveys by Nielsen, The Boston Consulting Group and other researchers have found.This generational trait is forcing retailers to rethink everything from their merchandise and marketing to their dressing rooms and logos."

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How to Prepare for the EMV Liability Shift

How to Prepare for the EMV Liability Shift | Point of Sale by Worldlink | Scoop.it
Walmart exec recommends retailers begin the process in early 2015.
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Home Depot Malware Hints at Different Hackers Than Target's

Home Depot Malware Hints at Different Hackers Than Target's | Point of Sale by Worldlink | Scoop.it
Hackers attacked Home Depot with a credit card-stealing program that mimicked antivirus software
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Apple and NFC: 10 key considerations for retailers

Apple and NFC: 10 key considerations for retailers | Point of Sale by Worldlink | Scoop.it

"Fewer than 15 percent of transactions are capable of using contactless technology. Retailers need to take a hard look at their approach to contactless, both in light of the potential Apple NFC release as well as the upcoming EMV network mandate that retailers accept credit cards with EMV chips."

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UPS confirms malware breach at 51 stores

UPS Stores, a subsidiary of United Parcel Service, said that a security breach may have led to the theft of customer credit and debit data at 51 UPS stores in the United States.

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