Shift4 Payments Inc. has expanded its stadium-pay domain by signing a deal with the National Hockey League’s St. Louis Blues to provide payment processing at the Enterprise Center, the team’s arena, and the adjacent Stifel Theater. Shift4 will also provide software for the Blues’ loyalty program, mobile wallet, and ordering …
Read More »Eye on Wallets: BMO’s Virtual Card Move; Startup Tezro Deploys a Wallet
Digital wallets continue to find a foothold in payments. The latest entry is BMO Commercial Bank’s debut of Extend, a virtual card service for its app. And startup Tezro launched a digital wallet aimed at integrating banking, payments, and shopping through messaging apps consumers already use. BMO Commercial Bank, a …
Read More »VSoft’s Real-Time Pidgin Integration And Other Digital Transactions News briefs from 8/28/23
VSoft Corp., a specialist in financial-services technology, said its core-processing and digital-banking platforms are processing real-time transactions through an integration with instant-payments provider Pidgin. Payments providers ACI Payments and Link2Gov Corp. have been awarded Internal Revenue Service contracts worth $2.07 billion to support credit and debit card payments for taxes and user …
Read More »SoftPOS Offers Many Advantages, But a Few Drawbacks, Too
The recently developed ability to accept card payments on an ordinary smart phone, with no additional hardware, has electrified the payments industry. But the technology, known as SoftPOS, comes with complications that could slow progress, a panel of experts warned Thursday. SoftPOS, which as the name implies relies on specialized …
Read More »BNPL’s Rapid Ascent Evokes Clashing Opinions on the Ethics of Short-Term POS Credit
The buy now, pay later craze, which took flight during the Covid pandemic, has turned into a $70-billion-plus segment of the payments industry. But that doesn’t mean it hasn’t stirred controversy among acquiring-industry executives, some of whom manage versions of the point-of-sale credit product. That clash of viewpoints emerged Wednesday …
Read More »Gen Zers Lead the Charge as Canadians Embrace Mobile Debit Transactions
In-store debit card payments made using mobile devices in Canada surged 53% during the 12-month period ended July 31, compared to the same period a year earlier, according to Interac Corp., Canada’s national debit network. In addition, e-commerce transactions made using a mobile device increased 17% year-over-year during the same …
Read More »TouchBistro Updates POS System And Other Digital Transactions News briefs from 8/23/23
Restaurant point-of-sale provider TouchBistro launched a set of back-of-house technologies, including profit-management and kitchen display systems. Payments provider NMI released first-half 2023 results indicating the company ended the period with connections to more than 3,900 independent software vendors, sales agents, and fintechs. So far, these links have generated more than 2.3 billion transactions and …
Read More »Sephora Is the First Client for J.P. Morgan Payments’ Tap to Pay on iPhone Service
Add Sephora, a beauty retailer, to the list of merchants adopting iPhones as payment-acceptance devices in the Tap to Pay on iPhone program. J.P. Morgan Payments says Sephora is its first such retailer to adopt the contactless-payment service, which does not require special hardware to complete a transaction. Announced Tuesday, …
Read More »Adyen Launches Pay By Link Through a Partnership With Teamwork Commerce
Teamwork Commerce, a provider of retail-management software, has partnered with Adyen NV to launch Pay by Link, a financial technology platform that enables consumers to pay using a secure URL link provided by the retailer. With Pay by Link, consumers pay using their preferred payment option through a secure link …
Read More »The U.K.’s Paysend Eyes U.S. P2P Payments Among Hispanics
Paysend Group is embarking on a campaign to make its name known among U.S. Hispanic peer-to-peer payments users with an advertising campaign and an offer of fee-free money transfers to Latin America, at least initially. Having opened a U.S. office in 2022, London-based Paysend hopes its advertising campaign, which debuts …
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