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Canadian Merchant Industry News

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Industry News

New application for payment processing

By Joseph Trigliari

31/05/2011 - A new mobile device application will give retailers and other business professionals a new way to process debit and credit card payment.

Application developer AppNinjas announced a new app, Swipe, that will allow the card payments to be processed anywhere. The software can be downloaded on the iPhone, iPod touch and iPad and will soon be available on Androids. The firm has brought the price of the product down considerably, from $29.99 to just $0.99, and the product comes with a $79 card reader free of charge.

"We have made it as easy as possible for sellers to use Swipe," said John Waldron, CEO of AppNinjas. "Our system is simple, totally mobile and inexpensive. And sellers and buyers can be assured of financial privacy, since Swipe incorporates state-of-the-art security to keep all information safe and secure."

Other companies have tried to get in the mobile payment game. Amazon is rumored to be creating a tablet that can process credit card payments.

Canadian Bankers Association develops blueprint for mobile payments

15/05/2012

The number of smartphone owners in Canada now represents half of all wireless users, and many retailers have already installed point-of-sale terminals enabled with the technology that can accept mobile payments.

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EMV payments cards more widely circulated

11/05/2012

Merchants that have not yet invested in point-of-sale terminals capable of accepting EMV-chip cards might feel more pressure soon, since the number of cardholders is growing. Data recently released by EMVCo reported that 45 percent of all cards in the world contain EMV microprocessing chips

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Retailers want mobile POS systems, study shows

02/05/2012

The surveyed merchants believe the mobile credit card processing devices will help them provide better customer service and greater payment convenience since they won't be restricted to the front of the store.

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