Par Technology Corp. can add quick-serve restaurant chain Taco Bueno to its client roster, while Tote.ai, developer of a point-of-sale system incorporating artificial intelligence for fuel and convenience stores, has raised $22.6 million for growth. First, ParTech, says the 140-location Taco Bueno chain will use the PAR POS and PAR …
Read More »No Summer Holiday for RTP As Volume Increases
Taking time off and getting away may be top-of-mind for many in the summer, but the payments system has little time for that, especially real-time payments networks. Real-time payments over the RTP network from The Clearing House Payments Co. LLC, increased over both the Memorial Day and July 4 weekends, …
Read More »Gift Card Demand Is Poised to Increase This Holiday Season
The percentage of consumers purchasing gift cards has gone up and is expected to increase yet more this year, finds a new report Bank of America Corp. commissioned from TSG, a payments advisory firm. The report found that 38% of respondents purchased a digital gift card in 2024, up from …
Read More »Eye on AI: Worldpay Adds AI Safeguards; Pushpay’s Approach to AI
As artificial intelligence use builds in the commercial world, its manifestations in consumer-facing payments applications continue to emerge. The latest developments include processor Worldpay using Trulioo’s identity technology for AI-enabled measures in agentic commerce and Pushpay’s introduction of AI tools for ministry leaders. Worldpay, which is expected to be acquired …
Read More »Yeeld’s Online Surcharging Program Debuts
Six months after issuing an API code to enable surcharging for online transactions, Chicago-based Yeeld released YeeldPay, its surcharging program for merchants. Yeeld says YeeldPay is a no-code payment page that provides merchants across the United States with a compliant surcharging program that, because it uses the Yeeld Surcharging API, …
Read More »Eye on POS: ParTech’s 44% Revenue Bump; SoundHound AI’s Three-Fold Growth
Separate efforts by Par Technology Corp. and SoundHound AI Inc. to boost their wins, especially among restaurant clients, appear to be paying off, if their latest earnings are indicators. ParTech, based in New Hartford, N.Y., is coming off its $132-million acquisition in January of Delaget LLC, a platform providing analytics …
Read More »Eye on Acquisitions: Deluxe Snaps up CheckMatch; Marqeta Closes on TransactPay
Deluxe Corp. is expanding its digital lockbox capabilities with the acquisition of CheckMatch, formerly part of a J.P. Morgan business unit. Meanwhile, Marqeta Inc. completed its purchase of TransactPay, a BIN-sponsorship provider. Minneapolis-based Deluxe says the addition of CheckMatch, which had been part of Kinexys by J.P. Morgan, the bank’s …
Read More »Fiserv Faces a Suit Over Claims It Misled Investors on a Merchant Migration to Clover
Payment processor Fiserv Inc. faces a lawsuit over allegations it misled investors over how it handled migrating merchants to Clover from its now retired Payeezy payment gateway, according to Labaton Keller Sucharow LLP, the New York City-based law firm representing the plaintiff, the City of Hollywood Police Officers’ Retirement System …
Read More »Eye on POS: GrabScanGo’s Easy Self-Checkout; Uncle Sharkii Picks Square; Verifone Enables Brazil’s Pix Acceptance in U.S.
It’s a busy time in the point-of-sale arena as three vendors—GrabScanGo, Square, and Verifone—note new products, customers, and features. GrabScanGo, the product name for GSG AveriGo LLC, says it has made its self-checkout platform a plug-and-play installation. Cerritos, Calif.-based GrabScanGo says the self-checkout platform, already in use in hotel brands such …
Read More »Gaming, Daily Purchasing, and Travel, Top Crypto Wallet Users’ Wish List
As more and more attention is drawn to cryptocurrency, crypto users are ready to use their holdings to make every day purchases and play games, finds a new report from Bitget Wallet. Released Monday, the report finds that, globally, 36% of respondents want to use their crypto wallets to make …
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