Markt POS’s Cloud Payments Service And Other Digital Transactions News briefs from 1/10/23
Digital Transactions News staff
January 10, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
- A technology company called Markt POS announced what it says is the first cloud-based software to handle payments and other functions exclusively for small and medium-size grocery and specialty stores. The company says more than 300 stores have signed up for the product.
- Iowa-based payments provider VizyPay said it has processed more than $4 billion in payments since its founding in 2017, with a 27% increase year-over-year in the fourth quarter of 2022. Estimated revenue in the quarter totaled more than $18 million, up 42% over the same period in 2021.
- Point-of-sale hardware provider Epson launched four compact m-Series thermal receipt printers.
- Payments platform Nayax Ltd. introduced Nayax Capital, a financing source for clients seeking to buy the VPOS Touch card reader or a Nova Market kiosk, which are used for unattended-retail sales. Nayax Capital is a joint venture between Nayax, Bank Hapoalim, and Alon Feit, the founder of the buy now, pay later platform Splitit.
- Buy with Prime, introduced in April, has increased shopper conversion by an average of 25%, according to Amazon.com Inc. The program allows merchants to offer Amazon Prime on their own shopping sites.
- In related news, the e-commerce platform BigCommerce launched its Buy with Prime app to enable merchants to install the program on their BigCommerce sites.
- A survey of some 300 U.S.-based information-technology executives found 25% of organizations had been victimized by ransomware attacks in the past 12 months, down fully 61% from the previous 12-month period. Also, 68% of victimized companies paid the ransom, down from 82%. That’s according to the “2022 State of Ransomware Report” from Delinea, a provider of access-management technology.
- A Korean fintech called SentBe has launched its money-transfer service in the U.S. market, allowing users to send U.S. dollars to more than 50 countries.
- Utimaco, an information technology security provider, said it is working with Spencer Technologies, an IT services provider, to offer remote key injection services for point-of-sale devices.
- Passport Technology Inc., a payments-technology provider to the gaming industry, appointed Diallo Gordon chief marketing and product officer. Gordon most recently was founder and chief executive of Phi Gaming LLC, which Passport acquired earlier.
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