Marketing

Restaurants are a coveted merchant segment for many acquirers and independent sales organizations. So, knowing how payments are changing and the impact that might have on this merchant segment is critical. First off, in 2019, the prospect for more consumers carrying, and wanting to use, contactless credit and debit cards …

Technology provider Nxt-ID Inc. said its planned spinoff of its payment assets into an independent, publicly traded company has been delayed until the first quarter of 2019 owing to the company’s inability to come to terms with its primary lender, which holds security interests in the assets targeted for the …

All but two of 27 bank mobile apps examined in a new S&P Global Inc. study offer person-to-person payments and another bank will soon add the feature to its app. But less than a third of the apps support cardless ATM transactions. The study by New York City-based S&P Global’s …

The Federal Trade Commission announced a settlement with two defendants accused of laundering nearly $6 million in credit card charges through fraudulent merchant accounts. Lightspeed, developer of a cloud-based point-of-sale system, released Lightspeed Loyalty, a service that offers merchants a rewards program, automated marketing, customer data reporting, and, for restaurants, …

The prognostications for 2019 are starting to roll in, and if at least one comes true, we’ll see business-to-business transactions driving the growth of faster-payment systems. And smart phones might actually gain some discernible traction at the point of sale. The predictions come from the big accounting and consulting firm …

Adoption and usage rates for the mobile wallets from Apple Inc., Alphabet Inc. (Google), and Samsung Electronics Co. Ltd. have been far from stellar, but now evidence is emerging that Apple’s decision a year ago to ditch fingerprint identification on its newest smart phones in favor of facial-recognition technology could …

Cloud-based point-of-sale system maker ShopKeep said it closed a $65 million funding round, led by Tribeca Venture Partners, that it will use for expansion and growth purposes. New investors include First Data Corp. and Salesforce Ventures. A staff report released by Republicans on the U.S. House Oversight and Government Reform …

A report from the U.S. Department of Education shows that fees college students pay for campus-sponsored prepaid cards and deposit accounts can vary widely. The report was prepared by the Consumer Financial Protection Bureau for the Education Department and completed in February, but not released until Friday. The release came …

Television streaming service Hulu LLC says it now accepts PayPal Holdings Inc.’s Venmo peer-to-peer payment service. Hulu could be a major win in PayPal’s ongoing effort to increase the popular Venmo’s profitability because the service will generate a recurring revenue stream. Founded in 2007, Santa Monica, Calif.-based Hulu competes with …

Merchants using the point-of-sale system from National Retail Solutions Inc. soon will have the ability to use a potentially crime-thwarting value-add feature. The Newark, N.J.-based company is adding a silent alarm feature to its POS system. Expected to be available by the end of the first quarter, the feature involves …