Nearly 42% of breaches suffered by major fintech companies stem from third-party vendors, according to “Defending the Financial Supply Chain: Strengths and Vulnerabilities in Top Fintech Companies,” issued by Security Scorecard, which analyzed 250 major fintechs. The processor FIS Inc. said it will work with Letskipp Ltd., also known as Kipp, to develop …
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HungerRush, a provider of point-of-sale and online-ordering systems for restaurants, has launched the Grubhub Marketplace integration for its POS platform. The Grubhub Marketplace integration allows restaurants to “reduce technology clutter” by receiving Grubhub orders directly from the HungerRush POS platform, HungerRush says. The integration also enables orders from DoorDash and …
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Ticketing is set for rapid growth, and payments firms are jockeying to get a piece of the action. Affirm Inc. announced early Tuesday it will offer its buy now, pay later option for lift tickets sold through Cali Pass at more than 20 ski resorts, six of them in California. …
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Payments-software developer BHMI said it has updated its Concourse Financial Services Suite to allow firms to comply with the Illinois Interchange Fee Prohibition Act, which is set to take effect July 1. The law prohibits interchange on state and local taxes and on tips. Galileo Financial Technologies launched Galileo Payment Method Switch, technology …
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Clover, Fiserv Inc.’s point-of-sale platform, has launched Clover Hospitality by BentoBox, a customized point-of-sale system for high-end restaurants. Clover Hospitality enables restaurants to build an online presence to engage with consumers through Web sites and enable online ordering and reservations. It also includes marketing tools designed to increase customer loyalty …
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Authvia, a platform for conversational commerce and payment by text, will work with Sinch, developer of cloud-based customer communications, to allow businesses to offer mobile-payments capability within messaging platforms such as SMS and WhatsApp. Shift4 Payments Inc. announced it is expanding its processing capabilities in the travel industry through an alliance …
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Global Payments Inc. has rolled out its long-awaited Genius point-of-sale package of products and services. Touted by Global Payments as a “POS command center for business operations,” Genius is a major step in the Atlanta-based company’s quest to unify all of the its POS products into a single, configurable POS …
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At the helm of Deluxe Corp. since 2018, Barry McCarthy is seeing a payoff from the company’s shift from paper-based to electronic payments. Minneapolis-based Deluxe, which posted $2.1 billion in 2024 revenue, has seen its percentage of overall revenue attributed to its payments services, which includes merchant services and business-to-business …
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The Consumer Financial Protection Bureau has revised a January order for remittance provider Wise that reduces its $450,000 penalty and $2.025 million fine to $45,000 and to redress the harm to consumers. On Jan. 30, the CFPB, under Rohit Chopra who was fired in February, had ordered the previous penalties to resolve claims alleging …
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SoundHound AI Inc. said of the 94% of U.S. consumers who use voice assistants while driving or have voice assistants available 77% would rather place their orders using an in-car voice assistant rather than wait in a traditional drive-thru lane. The survey, conducted by research firm Big Village, included responses from …
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