Thursday , October 22, 2020

Marketing

Instacart Pairs With Aldi for a First-Time Service Offering Grocery Delivery for EBT Users

As Covid-19 cases spike around the country, grocers and technology companies alike are scrambling to blunt the pandemic’s financial impact. On Thursday, the online delivery service Instacart announced it is starting a program with the grocery chain Aldi to allow recipients of federal SNAP benefits to use their electronic benefit …

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Eye on Acceptance: Visa Rolls Out Tap to Phone; Chase Launches QuickAccept

Visa Inc. on Wednesday announced the rollout in 15 geographic markets of Visa Tap to Phone, which allows consumers to initiate a transaction simply by tapping a contactless card to a merchant’s NFC-enabled mobile device.  Tap to Phone is now live in numerous countries throughout Europe, Middle East, Africa, Asia …

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PayPal Dips into Crypto and other Digital Transactions News briefs from 10/21/20

PayPal Holdings Inc. announced a service that allows account holders to buy, hold, and sell cryptocurrency directly from their account. The company also said it will make cryptocurrency available as a funding source for purchases at the 26 million merchants worldwide that accept PayPal.Payments provider FIS Inc. said it added pharmacy chain Walgreens …

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Ziosk Responds to Covid’s Impact on Restaurants With More Point-of-Sale Technology Products

Though the restaurant industry has taken a hit during most of 2020 because of Covid-19 countermeasures, that doesn’t mean it doesn’t need new technology and services. That’s why Ziosk Inc., a Dallas-based point-of-sale technology provider, accelerated its development schedule this year and released a suite of new products. Now, in …

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Billtrust to Go Public and other Digital Transactions News briefs from 10/19/20

Billtrust, a provider of accounts-receivable software for businesses, said it will go public at a valuation of $1.3 billion through a merger with South Mountain Merger Corp., a publicly traded special purpose acquisition company, or SPAC. Going public via a SPAC has become an increasingly popular option in recent months.In …

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Square Releases an API to Allow Its Terminal to Ease Acceptance of Contactless Payments

Much has been written about the need for merchants to adopt various forms of contactless payments to suit jittery customers and cashiers in the midst of Covid-19, but often the conversion to touch-free transactions is easier said than done. In response, Square Inc. late Thursday unveiled an application programming interface …

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MoneyGram Adds International Partners and other Digital Transactions News briefs from 10/16/20

MoneyGram International Inc. reached an agreement with Lulu Money in which consumers in Hong Kong can send or receive money at any Lulu Money location and also link to the MoneyGram network.In related news, MoneyGram and PayMaya, a payments provider in the Philippines, have agreed to launch a service that will allow …

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Ziosk Expands Its Device Platform and other Digital Transactions News briefs from 10/15/20

Restaurant technology specialist Ziosk expanded its Ziosk Platform to now include a Quick Response code service for contactless menu browsing, ordering, and payment. It also includes handheld and integration models of its service. Ziosk said the average use rate for its original devices is 92%, an average increase of almost 30% since …

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In One of Its First Post-SoFi Deals, Galileo Adds $7 Billion in Transaction Processing Via Fintech Save

Fintech startup Save has reached an agreement to use Galileo Financial Technologies Inc.’s API-driven payments-processing platform for its Debit Invest debit cards and Save Market Savings accounts.  Galileo’s platform is expected to make it easier for Save customers to open and fund their accounts and integrate them with Save’s bank …

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A Pilot Is Coming for FedNow, But Some Question the Fed’s Deliberate Pace

The announcement from the Federal Reserve late Monday of a pilot for the FedNow real-time payments service may represent an important stage in the development of a service not expected to go live until 2023 at the earliest. But observers caution rival services have already made headway with key market …

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