Thursday , March 28, 2024

Mobile Wallets

Early Warning And Its Zelle Network Celebrate Five Years of Rising P2P Volume

Underscoring the rapid growth of digital payments between individuals, the Zelle Network early Thursday celebrated five years in business with numbers showing it has processed more than 5 billion transactions worth almost $1.5 trillion. In that time, almost 1,700 banks and credit unions have added Zelle to their mobile apps, …

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Shift4 Ups Its Game As Rivalry Gets Intense in the Restaurant POS Market

Shift4 Payments Inc., which has built a large client base in the hotel and hospitality market, made a bid for greater share in the highly competitive restaurant POS market Tuesday with the introduction of SkyTab POS, a modular, Android-based software application that combines back-end functionality and point-of-sale capabilities in a …

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Paysafe Bets on Iowa And Other Digital Transactions News briefs from 9/7/22

Paysafe Ltd. announced a link to mobile sportsbook ClutchBet that will allow Paysafe’s Skrill USA digital wallet and Paysafecash digital-cash platform to support online payments for ClutchBet’s Iowa sportsbook.Payments platform Spreedly launched a payments-orchestration capability for marketplaces and other merchant aggregators. Payments orchestration manages transactions arriving from various gateways and by means of …

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As The Value of Crypto Plummets, So Do Installations of Crypto ATMs

After riding a strong growth wave in 2021, installations of specialized ATMs that allow users to convert their local currencies, such as the U.S. dollar, into cryptocurrencies have cooled off considerably in 2022. Through August, just 5,000 cryptocurrency ATMs have been installed globally this year, bringing the total to more …

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A Standards Body’s New Wearables Device Class Could Expand Contactless Payments

The NFC Forum, a standards body for companies developing and using near-field communication contactless technology, on Thursday announced a so-called “device class” for wearable devices aimed at increasing the use of such technology. The new Card Emulation Device Class is the first of its kind, the Wakefield, Mass.-based organization said. …

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Elavon Launches a New POS Hardware Bundle Aimed at Small Businesses

In a bid to strengthen its hand with small businesses, Elavon, the Atlanta-based merchant-acquiring subsidiary of U.S. Bancorp, has launched talech Register, a payments and business analytics platform that, Elavon says, enables small business owners to manage their operations more efficiently. Elavon is initially offering two bundled packages for restaurants …

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Block Opens Cash App to Non-Square Sellers And Other Digital Transactions News Briefs From 9/2/22

Block Inc. has opened its Cash App wallet for payments to e-commerce merchants outside the Square seller network, TechCrunch reported.Health-insurance plan provider Gravie said it is expanding access for members of the plan to Gravie Pay, a buy now, pay later program for medical bills.Commerce Bank launched Commerce Connections Direct in conjunction with the fintech …

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PayNearMe Adds Kansas, Its 20th State for iGaming And Sports Betting

PayNearMe Inc. has added one more state for its iGaming and sports-betting processing business. The latest expansion, to Kansas, brings to 20 the number of states in which the payments and electronic billing platform provider has iGaming operations. The expansion also comes just as the collegiate football and National Football …

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Inflation Tasks Sports Bettors And Other Digital Transactions News briefs from 9/1/22

Fifty-four percent of sports bettors using mobile technology earn incomes of $100,000 or more but “many” are worried about the impact of inflation on their ability to make credit card payments in the future, according to research from TransUnion in its report, “Consumer Pulse Online Sports Betting Study.”In other research, some 59% …

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SpotOn Prepares for a Surge in Sports Stadium Volume This Fall

With consumer spending for concessions and merchandise purchases steadily increasing at sports stadiums, SpotOn Transact, LLC, which provides point-of-sale and digital-ordering systems to 37 stadiums across the National Football League and the National Collegiate Athletic Association, is gearing up for an increase in volume for the 2022 professional and collegiate …

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Digital Transactions