Global Payments Inc. is focusing on its new Genius point-of-sale initiative as it prepares to welcome the big merchant processor Worldpay into its fold, the Atlanta-based company’s top executives said early Wednesday. Global launched Genius for restaurants in May, with Genius for retail following last month. Now, the revamped POS …
Read More »Shift4 Looks to Its Global Blue Deal for More Expansion
Shift4 Payments Inc.’s top brass early Tuesday celebrated the long-awaited July 3 closing on its $2.5 billion deal to acquire Global Blue, a Switzerland -based international platform providing transaction services to high-end merchants. The deal clinches a major position internationally for the acquisitive processor, executives said on a call with …
Read More »How Fast Food POS Can Bring on Fast Headaches
Having fought back from the ravages of the pandemic, quick-service restaurants now represent a large and fast-growing market for providers of point-of-sale technology—but also one presenting new and vexing challenges, according to top payments executives who specialize in this industry. For fast-food or fast-casual restaurants, “building a point of sale …
Read More »PayPal Hails a Gambit Aimed at Avoiding Wallet Confusion
PayPal Holdings Inc.’s latest wallet initiative, PayPal World, will go live this fall and aims to reach more than 2 billion consumers, the company’s chief executive said early Tuesday. Alex Chriss followed up on an earlier announcement of the initiative by stressing how the venture will tie together five of …
Read More »Nuvei Looks to Boost Card Authorizations for North American Merchants
With merchants growing more heated in their opposition to card-acceptance costs, processors are looking for strategies that could help sellers gain from improvements in card authorizations. An example emerged early Thursday with news from the big Canadian processor Nuvei Corp. that it has introduced a pair of technologies it says …
Read More »A ‘Choppy’ Market Recovery and Timing Issues Lead Fiserv to Trim a Forecast
Fiserv Inc. early Wednesday reported $10.65 billion in revenue for the first half of 2025, representing a 7% increase from the first six months of 2024, but it was a revised projection for revenue growth for the whole year that drew the attention of equity analysts on a group call …
Read More »Block Launches Tap to Pay on iPhone for Sellers Using Cash App
Block Inc. Tuesday announced businesses using Block’s Cash App iOS app can process contactless payments directly on an iPhone using Apple Inc.’s tap-to-pay on iPhone technology. The new service comes as early testing indicates sellers using the technology have seen a 35% rise in purchase volume by comparison to merchants …
Read More »Day One for Amazon’s Prime Day Lights up Online Sales
Amazon.com Inc.’s Prime Day online shopping extravaganza got off to a record-setting start Tuesday, and without much of an assist from inflation. The day saw $7.9 billion in spending, up 9.9% from the same day last year, according to data compiled by Adobe Analytics, which tracks the annual event. The …
Read More »Payments Companies Act As Congress Mulls Stablecoin Legislation
Ripple’s chief executive said Wednesday the company applied to the Office of the Comptroller of the Currency for a national bank charter to support its stablecoin, RLUSD, which it introduced in December. The move, which Ripple chief executive Brad Garlinghouse announced in a post on the social-media site X, follows …
Read More »Crypto Giant Circle Bids for a Bank
In a move that could weave cryptocurrency more deeply into the fabric of the U.S. payments industry, Circle Internet Group Inc. announced late Monday it has applied to the Office of the Comptroller of the Currency to form a national trust bank. The application, which seeks to establish what Circle …
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