PYMNTS

AUGUST 9, 2017

In 2013, Silicon Valley startup Clinkle raised $25 million in funding to build the point-of-sale (POS) system of the future using sound, but the company later changed trajectories, creating more of a Venmo-like product primarily aimed at college students. It’s as encrypted as an EMV chip card, yet can be processed in under two seconds.

Consumer 80

Consumer Point-of-Sale (POS) Chip Cards CHIPS 80

PYMNTS

SEPTEMBER 30, 2016

That was the date that lives on in payments history since it was the date that Target announced it had been the victim of a massive POS breach that exposed the card data of some 40 million consumers. Not surprising, since there are more than 700 million chip cards in circulation in the U.S. Those are the more cheerful figures.

EMV 82

EMV CHIPS Chip Cards Push-to-Card 82

PYMNTS

AUGUST 5, 2016

So, we all know this – chip cards were not going to fix the problem of fraud at the POS. We said this in December 2013 when Target was hacked and every other time every other POS was hacked too. What would is encrypting data at the POS. Unencrypted POS Data. Sounds like a way to turn a fizzle into a sizzle.

Bitcoin 43

Bitcoin Multi-Currency Push-to-Card Chip Cards 43