Few merchant markets are more competitive these days than hospitality, particularly restaurants, a state of affairs that only gained intensity with the onset of the pandemic. But at the same time, the drive among eateries to install modern payment-processing technology has lent impetus to many point-of-sale technology providers and processors …
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Former FIS Inc. executive Bruce Lowthers took over as chief executive of Paysafe Ltd. in May, and since then he’s had to work to steady a stumbling processing giant. His early assessment of his new company wasn’t pretty. “Bluntly, we’ve lost our way here,” he told equity analysts in August. …
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Overall consumer spending per household moderated in October compared to September, up 2.9% year-over-year vs. 3.2%, according to a study from Bank of America Institute. Still, total transactions for the bank—cards, ACH, wires, bill pay, P2P, cash, and checks—increased 9%. Payments provider Green Dot Corp. reported consolidated gross dollar volume of $18.7 billion …
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The tech giant Oracle Corp. early this summer launched a cloud-based payments-processing service aimed at the hotly contested restaurant market, and early on Wednesday the company added a handheld device for servers to use tableside. The new terminal, dubbed the Oracle Micros Simphony mobile order and pay device, runs on …
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California grocer Ralphs has begun accepting Apple Pay in its 184 locations in the state, reported MacRumors.com, citing a company spokesperson. Ralphs is part of the Kroger Co., which Digital Transactions News reported in 2020 was testing contactless payments at some of its locations. Kroger launched its proprietary mobile-payments service Kroger Pay in 2019, but has …
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Consumers are projected to be shopping more online this holiday shopping season, compared to the same period a year ago. Data released Tuesday by payments-technology provider ACI Worldwide Inc. projects a 15% increase in e-commerce transactions from October through December, compared to the same period in 2021. The projected increase …
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Thomas Warsop is taking over as chief executive of payments-technology provider ACI Worldwide Inc., succeeding Odilon Almeida, who is stepping down after serving in that role since March 2020. Warsop formerly was non-executive chair of the board of directors and is being succeeded in that role by board member Adalio Sanchez. Dow …
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During its third-quarter earnings call late Thursday, PayPal Holdings Inc. announced a multi-pronged omnichannel strategy with Apple Inc. to enhance the company’s offerings for PayPal and Venmo merchants, as well as consumers. Topping the list was PayPal’s announcement that it plans to support Apple Tap to Pay on iPhones. The initiative …
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Block Inc. is the parent of the well-known Square point-of-sale equipment and processing business, but it’s the company’s Cash App unit that has been stealing a steadily growing share of the limelight at the 13-year-old company. And now Block is working to find ways to link its two big units …
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SoundExchange, a non-profit that collects and distributes digital performance royalties for sound recordings, is now enabling registered soundtrack creators to receive royalty payments through Zelle and Block Inc.’s Cash App mobile-payment service. Washington D.C.-based SoundExchange is a non-profit collective rights-management organization designated by Congress to collect and distribute digital-performance royalties …
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