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How mobile payments are changing the restaurant industry

Restaurants are diversifying the payment methods they accept. Cash, credit, and debit payments are almost universal across full-service restaurants in the U.S., but restaurants are increasingly accepting digital wallets like Apple Pay, Google Pay and Samsung Pay. As of December 2018, it was found that nearly 20% of...

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JCPenney Drops Apple Pay

Department-store chain J.C. Penney Co. Inc. confirmed over the weekend that it no longer accepts Apple Inc.’s Apple Pay mobile-payment service. The move appears to involve a Visa Inc. contactless rule that took effect this month that may have broader implications for U.S. retailers.   The confirmation...

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Debunking EMV Myths

EMV chip technology has become ingrained in the U.S. payments infrastructure. Still, there are misperceptions about the technology, its security features and impacts on fraud.   The U.S. Payments Forum has created a guide to provide accurate information for all stakeholders communicating about contact and contactless chip...

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To celebrate the Thanksgiving holiday, the FiNet offices will be closed on Thursday, Friday and throughout the remainder of the weekend.