Cryptocurrency-payments platform BitPay Inc. is betting its HODL payment option will make it easier for investors to spend their digital currency without first having to sell their crypto assets to make a purchase or pay a bill. Launched earlier this week, HODL Pay enables consumers to borrow stablecoins against their …
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With consumers and small-business owners long accustomed to mobile phones, Square is counting on that familiarity to make its new Square Handheld device an easier-to-use point-of-sale device. Calling Square Handheld, which is roughly the size of a smart phone though thicker, its most powerful and portable POS device ever, Square …
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Toast Inc. launched its Menu Price Monitor, which tracks U.S. restaurant pricing trends. The company claims a client base of more than 140,000 restaurant locations. LegitScript said it is launching a benchmarking program to allow e-commerce clients using its marketplace to measure risk in various categories. Payouts platform Onbe announced it has expanded its …
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Paysafe Ltd. and Fiserv Inc. are teaming up to offer merchants using Fiserv’s Clover point-of-sale terminals a digital wallet to receive settlements and access banking services. The wallet, which is intended to speed settlements, allows merchants to accept payments, including credit cards, bank transfers, and alternative options, and use the …
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As artificial-intelligence services become more commonplace, their impact on the payments industry, both good and bad, is becoming clear. As a tool to help merchants, AI services can help with a variety of tasks, something restaurant point-of-sale specialist SpotOn Transact LLC will be counting on as it launches its AI-powered …
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Pizza Ranch Inc., a Midwestern buffet restaurant chain specializing in pizza and chicken, has added digital wage access through payments-platform provider Branch LLC. Pizza Ranch workers will be able to digitally receive their hourly wages, tips, and mileage reimbursement after each shift. Employees also receive a fee-free bank account into …
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Buy now, pay later has changed the way people shop. It’s quick, intuitive, and built around modern consumers, a seamless option at checkout that breaks big purchases into manageable moments. No fuss, no friction. For payments organizations, it’s opened new avenues of growth. Adoption is soaring. Merchants are happy. Consumers …
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ONE.io, a specialist in digital-currency payments, and BoomFi, a cryptocurrency-technology provider, announced they will launch ONE Gateway, designed to allow ONE.io clients to accept crypto payments while automatically receiving settlement in fiat currency. In related news, SmartMedia Technologies, a loyalty and payments technology provider for blockchain-based transactions, launched its Pay with …
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Plaintiffs in the lawsuit challenging the Illinois Interchange Fee Prohibition Act are pushing hard to make their case that national banking laws pre-empt the IFPA, which is scheduled to go into effect July 1. In a motion filed late Wednesday, the plaintiffs argued that federal banking laws supersede the Illinois …
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Verifone Inc. announced Wednesday it will work with Stripe Inc. to enable Stripe’s payments services on Verifone point-of-sale devices. The move brings e-commerce giant Stripe further into the business of card-present processing and represents Verifone’s latest move to collaborate with major e-commerce payments players, following a recent agreement to provide …
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