Long anticipated, a report from the Consumer Financial Protection Bureau offers suggestions on how regulation might aid the buy now, pay later industry, but doesn’t recommend a wholesale review of its practices. Among the risks outlined in the “Buy Now, Pay Later: Market trends and consumer impacts” report, released Thursday, are …
Read More »POPcodes And Arcum Take on ISO Attrition Rates with Targeted Messaging
Having made a sale, independent sales organizations and merchant acquirers are loath to lose merchants to a competitor but they must contend with this turnover, called attrition, every day. POPcodes Inc., a smart point-of-sale terminal service provider, and Arcum Partners, an artificial intelligence firm, say they are working on reducing …
Read More »Bottomline Acquires Nexus Systems And Other Digital Transactions News briefs from 9/14/22
Payments-technology provide Bottomline announced it has acquired Nexus Systems, a vendor of payments-automation software the real-estate and property-management sector. Terms were not disclosed.Payments provider Stax launched Stax Bill, a service that provides automated billing software. It had been known as Fusebill, a company that Stax acquired in 2021.Loyalty network Engage People said it partnered with FreedomPay to …
Read More »Merchants United Picks AI Service for Statement Analysis
In a move to automate much of the task of analyzing merchant statements, Merchants United LLC said it will use nRoad Inc.’s platform, which analyzes unstructured data in an effort to extract useful information from it. Charleston, S.C.-based Merchants United said the technology will help its bottom line because it …
Read More »Shift4 Ups Its Game As Rivalry Gets Intense in the Restaurant POS Market
Shift4 Payments Inc., which has built a large client base in the hotel and hospitality market, made a bid for greater share in the highly competitive restaurant POS market Tuesday with the introduction of SkyTab POS, a modular, Android-based software application that combines back-end functionality and point-of-sale capabilities in a …
Read More »Paysafe Bets on Iowa And Other Digital Transactions News briefs from 9/7/22
Paysafe Ltd. announced a link to mobile sportsbook ClutchBet that will allow Paysafe’s Skrill USA digital wallet and Paysafecash digital-cash platform to support online payments for ClutchBet’s Iowa sportsbook.Payments platform Spreedly launched a payments-orchestration capability for marketplaces and other merchant aggregators. Payments orchestration manages transactions arriving from various gateways and by means of …
Read More »Usio Forges Its Own Point-of-Sale Credit Service for Merchants
Usio Inc. is jumping into the point-of-sale credit arena with its own service, which enables businesses to offer instant credit to customers without the risk of consumer lending. Announced Tuesday, the service enables merchants to offer POS financing without integration issues or credit concerns, Usio says. “Any business that deals …
Read More »Block Opens Cash App to Non-Square Sellers And Other Digital Transactions News Briefs From 9/2/22
Block Inc. has opened its Cash App wallet for payments to e-commerce merchants outside the Square seller network, TechCrunch reported.Health-insurance plan provider Gravie said it is expanding access for members of the plan to Gravie Pay, a buy now, pay later program for medical bills.Commerce Bank launched Commerce Connections Direct in conjunction with the fintech …
Read More »Retailers Are Getting Better at Managing Gift Card Programs, a Report Finds
Grocers and home-improvement retailers may have something to take pride in. These two merchant categories are among the most improved in terms of managing their gift card programs. That’s the insight from the fifth 2022 Merchant Gift Card Omnicommerce Evaluation–U.S. Edition released by Blackhawk Network Holdings Inc. The rankings of …
Read More »Inflation Tasks Sports Bettors And Other Digital Transactions News briefs from 9/1/22
Fifty-four percent of sports bettors using mobile technology earn incomes of $100,000 or more but “many” are worried about the impact of inflation on their ability to make credit card payments in the future, according to research from TransUnion in its report, “Consumer Pulse Online Sports Betting Study.”In other research, some 59% …
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