News

August, 2024

• 5 August

  Fiserv’s Small Business Index Improves in July But Restaurants Lag

  

  Major payments providers have focused in recent years on signing and providing devices and services for restaurants, but that big bet may be taking at least a temporary beating, according to the latest Small Business Index from the big processor Fiserv Inc. The overall index, which is derived from Milwaukee-based …
• 5 August

  NAB Rebrands as North and other Digital Transactions News briefs from 8/5/24

  

  Payments provider North American Bancard has rebranded as North. The independent sales organization, which debuted in 1992, said North is emblematic of upward movement. Its values, business strategy, and merchant commitment stay the same, North said in a blog post.  Nuvei Corp. said it will acquire Pay2All Instituição de Pagamento Ltda., a …
• 2 August

  Eye on POS Technology: Grocer Adopts Instacart Smart Cart; Stinker Picks NCR Voyix

  

  Another grocery chain is adding Caper smart shopping carts to its store, Instacart announced. Meanwhile, convenience-store chain Stinker Stores has adopted point-of-sale technology from NCR Voyix. San Francisco-based Instacart says Davis Food & Drug, which operates three stores in Utah, will replace most of its traditional shopping carts with Caper …
• 2 August

  Dorsey Puts Afterpay’s Molnar in Charge of Block’s Cross-Company Sales to Kickstart Growth

  

  Block Inc.’s top management late Thursday said the company’s focus for the remainder of the calendar year is on enhancing its go-to-market strategy. That means improving sales, boosting partnerships, sharpening marketing, and product innovation, Block chief executive Jack Dorsey said during the company’s 2024 second-quarter earnings call. Dorsey lost no …
• 2 August

  Bharcap Invests in EMS and other Digital Transactions News briefs from 8/2/24

  

  Bharcap Partners LLC has made an unspecified majority investment in payments provider Electronic Merchant Systems, which processes roughly $6 billion in volume annually for 25,000 merchants across the country. The company was formerly majority-owned by founder Jim Weiland. Rentec Direct, whose software enables landlords to process rent payments and automate other …
• 1 August

  Chase Expands Its Partnership With DoorDash to Include Non-Restaurant Merchants

  

  Chase, the banking arm of JPMorgan Chase & Co., has expanded its relationship with third-party delivery service DoorDash Inc. to non-restaurant merchants. The deal will enable Chase Sapphire and other eligible Chase cardholders to receive recurring benefits on orders from more than 150,000 grocery, convenience, and non-restaurant stores in the …
• 1 August

  Eye on Point of Sale: Paris Baguette Enlists Olo for Online Ordering; Elo Debuts 22-Inch Kiosk

  

  As bakery chain Paris Baguette refreshes its rewards program and its mobile app, its online-ordering process has also been updated with help from Olo Inc. In related news, Elo Touch Solutions Inc. releases a 22-inch contactless payment-enabled device. Moonachie, N.J.-based Paris Baguette, which has 160 U.S. locations, according to its …
• 1 August

  Helper Bees Pick Lynx for Card Program and other Digital Transactions News briefs from 8/1/24

  

  An in-home services company called The Helper Bees has launched a benefit card that allows members to spend benefits at more than 60,000 retail locations, including drugstores and grocery chains. Duda, a Web site developer, said its e-commerce technology has integrated with Block Inc.’s Square platform, a move it says will allow …

July, 2024

• 31 July

  Payment Facilitation: Elevating Your Payment Solutions

  

  Payment Facilitation: Elevating Your Payment Solutions In today’s electronic ecosystem, software companies have an array of options to create unique payment experiences for consumers. Two prominent options are traditional merchant processing and payment facilitation. Let’s explore their differences and implications. Traditional Merchant Processing Since 1973, traditional merchant processing has been …
• 31 July

  Mastercard’s Chief Executive Laments a Broken Interchange Deal

  

  Mastercard Inc.’s chief executive early Wednesday deplored the recent collapse of a key interchange settlement and highlighted the card company’s rapid progress in tokenization, a key technology that masks actual card data from potential cyberthieves. Pointing to a U.S. District Court judge’s rejection last month of an agreement between merchants and …