Thursday , April 25, 2024

Marketing

PayRange Battles Alleged Patent Misuse And Other Digital Transactions News briefs from 3/6/24

Unattended payments specialist PayRange Inc. said it filed a patent infringement lawsuit against CSC ServiceWorks, an operator of laundry machines in multi-family housing and college dorms. This is in addition to a previous patent infringement suit it filed in March 2023 against CSC ServiceWorks. In the new suit, PayRange seeks more than …

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Zelle Posts Strong Growth for 2023 And Its Single Largest Quarter for Growth in Q4

Zelle, the peer-to-peer payment network operated by Early Warning Services LLC, announced late Monday a 28% increase in transaction volume in 2023 and that the fourth quarter of 2023 was its single largest quarter based on volume since its launch in 2017. Overall, Zelle handled 2.9 billion transactions totaling $806 …

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Eye on Travel: AmEx’s New Virtual Card Integration for Small-Business Travel and Expenses; IHG Hotels Endorses Grazzy for Digital Tipping

American Express Co. unveiled on Monday a new virtual card integration with AmEx Global Business Travel’s Neo1 platform for travel and spending management. And digital-tipping software developer Grazzy Inc. said IHG Hotels and Resorts has named it as an approved partner for providing tips to hotel employees electronically. The AmEx …

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Nacha Campaigns Take Aim at Money Mules and Tout Benefits of Direct Deposit

With money mule activity on the rise, Nacha, the governing body for the automated clearing house network, has released an infographic to educate consumers about unwittingly becoming money mules. Money mules help criminals launder money from online scams, fraud or crime, such as human and drug trafficking, unknowingly or knowingly. …

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Play Ball! Shift4 Lands Yankee Stadium; Sound Payments Adds Boarding And Deployment Services

With 29 days until Major League Baseball’s opening day on March 28, the New York Yankees have selected Shift4 Payments Inc. as the team’s concessions and retail sales point-of-sale system provider. Announced Wednesday, the deal will see Shift4 payment technology deployed at Yankee Stadium and at the George M. Steinbrenner …

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Dwolla Launches Open Banking Services With A2A Payment Focus

Payments-technology provider Dwolla Inc. announced Tuesday the launch of its open-banking service for mid- and enterprise-sized businesses. The service streamlines businesses’ ability to embed open-banking capabilities within existing applications through a single application programming interface, as opposed to relying on connections to multiple vendors. To further reduce the complexity of …

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Par Revenue up 10% And Other Digital Transactions News briefs from 2/27/24

Payments-technology provider Par Technology Corp. posted fourth-quarter 2023 revenue of $107.7 million, a 10.2% increase from $97.2 million in the corresponding 2022 quarter. It had a quarterly loss of $18.6 million, up from a loss of $13.5 million the year prior. For all of 2023, Par had $415.8 million in revenue, a …

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Visa and GSMA In Education Tie-up And Other Digital Transactions News briefs from 2/26/2024

Visa Inc. and the GSMA Mobile for Development Foundation launched Digital Finance for All, a five-year program aimed at increasing access to digital finance for some 20 million persons in Africa, Asia, and Latin America. RevSpring Inc. launched a new scoring model for its Engage IQ service that evaluates the quality of …

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Eye on POS: Xenial Is CosMc’s POS System; Olo 2023 Revenue Rises 24%

A new fast-food and beverage concept called CosMc’s is using the Xenial cloud-based point-of-sale system from Global Payments Inc. CosMc’s is a beverage-first restaurant developed by McDonald’s Corp. with one location so far. Xenial, a Global Payments company, supplies it enterprise-level POS system to CosMc’s. Xenial was originally part of …

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Fiserv Extends Clover Discounts to Genesis Bank Merchants

Fiserv Inc. is partnering with Genesis Bank to provide low-to-moderate income small businesses in Southern California serviced by the bank access to its Clover point-of-sale technology at a reduced cost. The deal opens the door for low-to-moderate income small businesses a way to access to select Clover technology bundles with …

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Digital Transactions