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.
This infographic is a snapshot look at the mobile industry and explores who the key players are, how their technology works and who uses them.
This week, Circle rolls out its social payments app in Spain and Ireland allowing customers to link any Spanish or Irish bank account to Circle to send and receive P2P payments to friends and family within their countries and across borders instantly.
Android Pay is now available in Hong Kong and is available at over 5,000 locations in Hong Kong where contactless payments are accepted.
In the constantly changing world of commerce, innovation is not a fad but a necessity to address new consumer behaviours and purchasing experiences resulting from globalization and new technologies. It is required to continue to help merchants adapt to changing interactions with their customers, whatever the channel or service.