The U.S. cannabis market, which saw $30.1 billion in sales last year, is growing at an accelerating pace, and that’s attracting the attention of processors and other providers. The market’s emergence as a fertile payments-processing market comes as it continues to wrestle with regulatory issues and limited banking services. POSaBIT …
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Revenue for all firms offering open-banking technology will grow at a compound annual growth rate of 16% to $11.7 billion by 2028, up from $5.5 billion in 2023, according to a report from management consulting firm MarketsandMarkets, which singles out Plaid, Envestnet, Finicity, and MX Technologies as primary U.S. developers of the …
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In the fiercely competitive restaurant market, point-of-sale systems makers can’t afford to slack off when it comes to features for restaurant operators. That’s why companies frequently develop new features. Qu POS Inc. and Square, separately, are the most recent examples. First up is Qu, an Arlington, Va.-based POS system maker with …
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Technology provider Q2 Holdings Inc. announced Open Payment Network is its first partner to offer integration for Q2 Instant Payments Manager, a product aimed at banks looking to manage real-time payment workflows. Canada-based payments provider Corpay Inc. announced its cross-border platform has become the official foreign-exchange partner to the New Zealand Football club. Klear.ai, …
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Shift4 Payments Inc. expanded its portfolio of professional sports teams early Wednesday through a partnership with the Detroit Lions of the National Football League. Shift4 will provide processing for game tickets and in-stadium commerce, including concession and merchandise sales, on game days. The Lions will deploy Shift4’s SkyTab point-of-sale system …
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The payments-technology firm Gr4vy Inc. said it will work with Datalex, a technology provider for airline e-commerce, to enable payment orchestration capabilities for the airline industry. Payments provider Priority Technology Holdings Inc. said it has closed on an acquisition of revenue agreements and customer relationships owned by Boom Commerce, a Priority reseller. Priority said it expects …
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Afterpay, Block Inc.’s buy now, pay later service, has reached a deal with footwear company Caleres to offer buy now, pay later across Caleres’s portfolio of retail brands. The brands include Famous Footwear, Sam Edelman, Allen Edmonds, Naturalizer, Vionic, Bzees, Circus NY, Dr. Scholls, Franco Sarto, Lifestride, Ryka, and ShoeBank. …
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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 …
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The processor Nuvei Corp. announced an integration with Zuora Inc., a technology developer for subscription businesses, to provide payments technology for Zuora clients. The subscription market globally is forecast to reach $996 billion in volume by 2028, compared to $593 billion last year, according to Juniper Research data cited by Nuvei and …
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U.S. payments fintech Payoneer Inc. announced it will work with Stripe Inc. to offer an improved Payoneer Checkout service for small and medum-size merchants, starting in the Asia-Pacific region. The collaboration will enable more payment methods, including buy now, pay later from Affirm Inc. and Klarna AB and digital wallets from Apple …
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