American Express Co. reported a 7% year-over-year rise in billed business in its June quarter, to $416.3 billion, while revenue increased 9% to a record $17.9 billion. But net income sank 4% to $2.89 billion. For the year’s first half, billed business rose 6% to $803.7 billion. Net income was static …
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SoundHound AI Inc. announced late Wednesday that the restaurant chain Peter Piper Pizza has begun rolling out its AI ordering system. The chain, which operates more than 120 locations in the United States and Mexico, is starting the rollout across its 41 restaurants in Arizona and Albuquerque, New Mexico. The …
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Global Payments Inc. announced a renewal and expansion of an agreement with Banco Nacional de Mexico S.A. to offer acquiring and banking services in Mexico. CareVet LLC, operator of more than 200 veterinary practices across the country, announced it has agreed to integrate payments processing from Scratch Financial Inc., a fintech …
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The hottest ticket in payments is software integrations, and two firms have bolstered their connections to software developers. Austin, Texas-based ePayPolicy, which provides digital payouts for the insurance industry, lined up an integration with INTX Insurance Software, also based in Austin. INTX provides administrative software to insurance carriers. ePayPolicy says …
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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 …
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Payments processor Adyen said it will provide its SFO1 point-of-sale terminal to Joe & The Juice, a juice bar and coffee merchant. Payments provider Valor PayTech announced an integration with retailcloud, which makes cloud-based retail software, that will ease the hardware and software setup for retailers. Euna Solutions launched PayCenter, an online payment portal for …
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Pappas Restaurants said it has selected Tabit as its core technology provider for all of its dining chains. These include Pappadeaux’s Seafood Kitchen, Pappasito’s Cantina, Pappas Bros. Steakhouse, and Pappas Bar-B-Q. The offering includes a heavy emphasis on a mobile point of sale. Fiserv Inc. announced it has added workforce-management capabilities to its …
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An Illinois merchant’s allegations that Apple Inc., Mastercard Inc., and Visa Inc. worked to artificially maintain pricing by agreeing to funnel Apple Pay transactions via the two card networks was dismissed this week by a judge in the U.S. District Court for the Southern District of Illinois. Filed in December …
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The point-of-sale provider Helcim Inc. launched Smart Terminal, a handheld POS device aimed at smaller merchants. Under a new agreement, acquirer Sona said it will offer merchant services to businesses that are members of Vancity, said to be one of Canada’s largest credit unions. Sona was acquired last year by Celero Commerce. The law …
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Canada-based processor Nuvei Corp. said it will support payments for beauty and fragrance merchant flaconi in additional European markets. Nuvei already processes for the merchant in Germany, Austria, Poland, France, Switzerland, the Netherlands, and Belgium. So far this year, the merchant has expanded to Denmark, Sweden, Finland, the Czech Republic, and Italy. …
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