News

January, 2024

• 19 January

  Caseproof Launches PrettyPay to Ease Sales As E-Commerce Soars

  

  E-commerce has expanded at a fast clip in recent years, in part thanks to habits formed during the pandemic, and with that growth has come new techniques to simplify buying and selling for both experienced and new users. The latest development emerged Thursday with an announcement by Caseproof LLC that …
• 19 January

  Synchrony To Acquire Ally’s POS Financing Unit And Other Digital Transactions News briefs from 1/19/24

  

  Synchrony Financial said it will acquire the point-of-sale financing business of Ally Financial Inc. The portfolio includes $2.2 billion in loan receivables and includes relationships with nearly 2,500 merchant locations and more than 450,000 active borrowers in home improvement services and health care. Terms were not disclosed. Alchemy Pay, whose gateway …
• 18 January

  Eye On Acquiring: Lightspeed Tees off, While Nuvei Gains Altitude

  

  Lightspeed Commerce Inc. has partnered with golf-course management company GreatLIFE Golf & Fitness to provide point-of-sale technology for GreatLIFE’s GolfBack direct-booking engine. Lightspeed will begin deploying its POS technology at 14 golf courses operated by GreatLIFE in the Kansas City, Mo.-area, with plans to expand the technology to additional GreatLIFE-operated …
• 18 January

  Eye on Point-of-Sale: Sound Payments POS Updates Are Issued; a New PCI Council Director

  

  Sound Payments issued a slate of updates for its point-of-sale system, including a way for retailers to categorize returns. Jacksonville, Fla.-based Sound Payments says the new return-categories feature enables merchants to catalog returns by size, reason for return, defective, and other custom variables. It also has a reporting component for …
• 18 January

  UnionPay Touts Global Acceptance And Other Digital Transactions News briefs from 1/18/24

  

  UnionPay, an international payment card network based in China, said it is now accepted in 183 countries and regions, with issuance outside the Chinese mainland exceeding 230 million cards in 81 countries. Issuance outside Mainland China commenced in January 2004. Consumer-finance and card issuer Synchrony said it is testing a browser extension …
• 17 January

  Launched in July, FedNow Hits the 400 Mark in Number of Participating Financial Institutions

  

  FedNow, the real-time payments network operated by the Federal Reserve, announced late Tuesday it has 400 financial institutions participating as senders or receivers after six months of operation. The much-anticipated Fed service launched last July with 35 participating financial institutions. Participating institutions range in size from less than $500 million …
• 17 January

  Apple App Store Will Enable Outside Payments, With Stipulations

  

  Apple Inc. will let developers enable purchases outside of its App Store, marking a change that previously prohibited such action. The move comes in the wake of the U.S. Supreme Court this week declining to hear appeals from either Apple or Epic Games in their court saga. Epic sued Apple …
• 17 January

  Visa Closes Pismo Deal And Other Digital Transactions News briefs from 1/17/24

  

  Visa Inc. said it has closed on its acquisition of Pismo, a card-issuing and banking platform operating in Latin America, Asia-Pacific, and Europe. The announcement follows Visa’s agreement in June to acquire Pismo for $1 billion in cash. Payments-technology company Brightwell said it will implement Visa Direct to enable payouts to eligible bank accounts and …
• 16 January

  Lower Costs Plus More Control Could Be Part of Fiserv’s Ambition for a Bank Charter

  

  Giant payment processor Fiserv Inc. wants to take on another aspect of the business with its application for a special bank charter in Georgia. The charter for a merchant-acquirer limited purpose bank, if approved, would enable Brookfield, Wis.-based Fiserv to interact with card networks directly instead of operating through a …
• 16 January

  Payroc Launches PayByCloud in a Move to Simplify Processing for ISVs

  

  Payments-platform provider Payroc LLC has launched PayByCloud, low-code, semi-integrated technology for independent software vendors that establishes a cloud-based connection between Payroc’s application hosted on a payment device and the Payroc gateway.  PayByCloud is intended to eliminate the friction of connecting software to payment devices in the cloud, without the need …