Fiserv, PayCore, Samsung, and Visa's new mPOS tool could improve business — but they'll need to make it as easy to use as possible to fend off potential competition
The collaboration sees First Data handle the settlement of a transaction through a mobile app, Samsung provide devices and security measures, and Visa enable contactless payments — and PayCore is now bringing EMV software to facilitate transactions.
An mPOS solution that can accept all kinds of contactless transactions without additional hardware could appeal to merchants, boosting the acceptance of noncash transactions in the process. If many small merchants adopt such an mPOS solution it would raise noncash acceptance and possibly noncash usage. Merchants around the world, particularly in emerging markets, are still POS terminals, so many sellers may still lack the ability to accept noncash payments.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Insider Intelligence - Business Insider
Read more »
Samsung's 5G chip contract with Qualcomm will help it diversify revenue streams - Business InsiderSamsung won a contract to manufacture Qualcomm's most advanced 5G chips – a boon to its strategic transition to less competitive business segments.
Read more »
PRESENTING: The 31 buzziest logistics startups that VCs are watching in 2020 - Business InsiderRead Business Insider's exclusive, VC-sourced roundup of the buzziest logistics startups in the coming year.
Read more »
Adidas sales plunge 85% in China as coronavirus ravages demand - Business InsiderThe German sportswear giant said it couldn't estimate the overall impact of the fast-spreading illness on its business this year.
Read more »
SUCCESS INSIDER: Poshmark, college, Bob Iger, Ben & Jerry's - Business InsiderOur regular newsletter for getting things done. Like quitting your full-time job and starting a successful side business.
Read more »
France's Accor partners with Visa under loyalty programAccor , Europe's largest hotel group, said on Tuesday it was joining forces...
Read more »