First Data has released Clover Go, a new contactless payment reader that works with swipe and EMV cards, as well as NFC (including Apple Pay, Android Pay & Samsung Pay) devices.
Undoubtedly designed to make the US liability shift more appealing, the reader is able to process EMV transactions in less than 3.5 seconds, making it twice as fast as First Data’s previous Clover Go solution.
First Data’s new update comes several weeks after Square updated its own readers to slash their transaction speeds.
Its new chip and contactless reader update reduces the total transaction time down to 4.2 seconds, 25% faster than the company’s previous low of 5.7 seconds. Square says it’s aiming to bring the time down to 3 seconds.
Amazon have recently launched their new in-store innovation service, Amazon Go.
Google's Android Pay is getting into the festive spirit in the UK by introducing some Christmas rewards on its payment app. It also announces better interaction with Transport for London and Uber.
Mastercard partners with Apple on Apple Pay’s Spain launch and rolls out selfie payments in Latin America
The American tech giant has launched its mobile payment service, Apple Pay, in Spain, partnering with Mastercard, Carrefour and American Express.
Payment terminals have stayed the same over the last 10 years, with steady advances in contactless and mobile wallet transactions. Retailers and brands are making a conscious effort to get closer to consumers.