Acquiring

The Electronic Payments Coalition has opened another front in the battle over the Illinois Interchange Fee Prohibition Act with the launch of an ad campaign aimed at having the law overturned by the Illinois legislature. The campaign comes hard on the heels of efforts by organizations representing financial institutions in …

As creatures of habit, individuals often follow a routine throughout the day, and that extends into their local shopping activity. New data from Square, the point-of-sale arm of Block Inc., have found that regular customers generate six times more revenue for local businesses than more transient shoppers. Drawing on transactions …

Oracle Corp. unveiled new technologies for its Simphony Cloud Point of Sale technology, including an embedded AI assistant. Mastercard Inc. adopted a new foundation for its generative artificial intelligence service. An AI foundation is a neural network trained on massive unlabeled datasets, according to technologist Nvidia. Zerohash, a technology provider for payments …

Three organizations representing the banking community, as well as the Office of the Comptroller of the Currency along with former acting members of the OCC, filed amicus briefs late Friday urging the court to overturn the decision to exempt Illinois merchants from paying interchange on the sales tax and gratuities …

Early Warning Services LLC said Citi, a unit of Citigroup Inc., will offer Paze, the Early Warning online checkout service, to its cardholders. They can activate Paze via Citi.com, the Citi mobile app, or on Paze. Celero Commerce said it acquired substantially all of the assets of Petroleum Processing Solutions. The acquisition …

Maple AI Inc., a provider of artificial intelligence-based phone-ordering systems for restaurants, has partnered with Shift4 Payments Inc. to integrate its AI-based phone system into Shift4’s SkyTab POS technology. The inclusion of Maple’s AI ordering system in the SkyTab platform is expected to significantly reduce the number of phone orders …

Israel-based payments company Nayax Ltd. lined up another partnership to process payments for electric vehicle owners who stop at E-Plug-branded charging stations. Announced Monday, the partnership means Nayax will handle payments at an anticipated 2,200 connections throughout the United States. Earlier in March, Nayax said 40% of its revenue comes …

New York City-based payments and corporate card platform Ramp Business Corp., said it has acquired Juno, a platform that offers travel arrangements for non-employee travel. Terms were not announced. Ramp’s deal for Juno was preceded by its Friday announcement that it has acquired Billhop, a payments provider licensed in the United Kingdom …

Consumers spend more and shop with greater frequency when friction is removed from payments, says a study from the payments provider Network Merchants Inc., also known as NMI. Some 50% of respondents in the study said they shop more frequently when payments feel seamless, and 48% say they spend more at …

Restaurateurs generally will seek any edge to persuade consumers to spend their dining dollars with them. Online-ordering platform Restolabs says it now offers independent restaurants similar services to those used by enterprise-level restaurants, which could potentially increase their online conversion rates. Meanwhile, Finix Payments Inc. released its mobile point-of-sale app …