Debit Cards

A technology company called Markt POS announced what it says is the first cloud-based software to handle payments and other functions exclusively for small and medium-size grocery and specialty stores. The company says more than 300 stores have signed up for the product. Iowa-based payments provider VizyPay said it has processed more than $4 …

Nine days into 2023, the ongoing wave of processor consolidation rolled further with the announcement early Monday that Nuvei Corp. has agreed to acquire Atlanta-based processor Paya Holdings Inc. in a deal valued at $1.3 billion. The transaction would bring to Montreal-based Nuvei a processor with deep roots in payments …

Ordeno has become the latest player to jump into the highly competitive restaurant POS market with the launch of the Ordeno app. The company expects to differentiate its app from those of competitors by providing what it bills as a richer list of services that includes the ability to access …

E-commerce sales in the United States during the recently completed holiday shopping season—Nov. 1 through Dec. 31— totaled $211.7 billion, a 3.5% increase from the same period a year ago, according to Adobe Inc. The total set a record for holiday-season e-commerce sales, while the year-over-year increase was larger than …

When the Federal Trade Commission announced two days before Christmas it had leveled a preliminary consent order against Mastercard Inc. to correct what the agency saw as roadblocks the card company had erected against routing online debit transactions to competing networks, the move may have surprised at least some observers. …

Cheq Inc. is expanding its footprint in the highly competitive stadium-payment space by adding restaurants, bars, hotels and stadiums to its roster of merchants in South Florida. The expansion comes on the heels of Cheq’s deal in 2022 with the Miami Dolphins of the National Football League to be the …

Identity theft is a national scourge, but initial research findings released early Wednesday indicate that scourge impacts Black victims far more than it does other segments of the U.S. population. The impact can be measured by the dollar losses ID theft victims suffer, according to the report. In one example …

MoneyGram International Inc. announced a partnership with bill-payment platform CellPay to expand bill-pay options for MoneyGram users while expanding acceptance for MoneyGram’s service to more than 30,000 billers. Some 3.46% of U.S. consumers opened a new credit card in November, down from 3.7% in November 2021, according to the December 2022 …

U.S. retail sales in the Nov. 1 to Dec. 24 period, excluding automotive, grew 7.6% compared to the same time in 2021, according to Mastercard Inc.’s SpendingPulse, which tracks in-store and online sales. E-commerce sales alone were up 10.6%. The calculation took account of all forms of payment but was not …

The world will not stand still in 2023—not in retail and certainly not in payments. For the coming year, security and automation will be the focus of the trends and innovations we’ll be seeing in the payments space. Let’s explore this further. Credit card tokens from Visa, Mastercard, Discover (Diners), …