Tag Archives: credit card

59% of POS Systems in the US — including at Small Businesses — Now Accept EMV Cards

When the deadline for the “liability shift” was almost up in October 1, 2015, the number of small businesses having  was at 8.33 percent. According to Visa, 59% of U.S. POS locations now accept the chip, a 578 percent growth since 2015. Chip Card Transition Update The new numbers were released at the recent 11th annual Secure Technology Alliance Payments Summit held together with the U.S. Payments Forum All-Member Meeting, and the International Card Manufacturers Association (ICMA) EXPO in Orlando, Fl. The summit is held to discuss […]

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$9 billion Stripe just bought a payments startup backed by Eric Schmidt as it goes after even larger customers

$9 billion Stripe just bought a payments startup backed by Eric Schmidt as it goes after even larger customers

Stripe, a $9 billion startup, has purchased Index, a point-of-sale-software developer backed by Eric Schmidt’s Innovation Endeavors. The move comes as Stripe goes after larger customers such as Allianz, Booking.com, and Zillow. The acquisition of Index will give Stripe a formal product for physical stores for the first time. Stripe, the $9 billion payments-processing startup, has purchased Index, an in-store-payments startup backed by the former Google CEO Eric Schmidt’s venture-capital firm, Innovation Endeavors. Index provides software for in-store payments systems, like the PIN pads you use to […]

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Amazon is reportedly planning to offer a new credit card tailored to the needs of small business owners

Amazon is reportedly planning to offer a new credit card tailored to the needs of small business owners

Amazon is in talks with JPMorgan Chase to offer a co-branded credit card for small business owners, Bloomberg reports. The credit cards would offer rewards points on purchases, and in the future, business insurance plans to small business owners, one unnamed source told Bloomberg. Amazon is looking to woo small business owners with an attractive new credit card offering, . According to Bloomberg’s anonymous sources, the online market retailer has been in talks with JPMorgan Chase to offer a co-branded credit card tailored to the needs of […]

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