About 60 percent of U.S. adults believe that smartphone payments will eventually replace payment cards and cash transactions for most purchases, according to a new Harris poll.

Nordstrom, the Seattle-based fashion and beauty retailer offering apparel, shoes, makeup and other beauty products, is rolling out mobile point-of-sale (POS) devices throughout their full-line stores, as well as in some of their Nordstrom Rack stores.

Retailers are taking other steps to protect their profit margins from swipe fees.

EMV® is a global standard for credit and debit payment cards based on chip card technology. As of Q3 2011, there were more than 1.34 billion EMV compliant chip-based payment cards in use worldwide.

The 7-year-old Payment Card Industry data-security standard (PCI) is proving its effectiveness in preventing data breaches among small merchants...