News

September, 2022

• 16 September

  NCR To Split into Two Companies And Other Digital Transactions News briefs from 9/16/22

  

  NCR Corp.’s board approved a plan to split the company into two publicly traded entities, one concentrating on digital commerce and the other on ATMs. The move is expected to take place at the end of next year.Warehouse-store chain BJ’s Wholesale Club said it will accept SNAP EBT payments across all of its …
• 15 September

  The CFPB’s Buy Now, Pay Later Report Offers a Regulatory Outline, But No Sweeping Overhaul

  

  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 …
• 15 September

  Dwolla And MX Aim at a Broader Approach to Open Banking

  

  The open-banking platform MX Technologies Inc. has become the latest partner in Dwolla Inc.’s Secure Exchange solution. Through the partnership, which builds on the two companies’ existing relationship, digital-payments fintech Dwolla will be able to offer clients and reseller partners it has in common with MX access to account-verification services …
• 15 September

  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 …
• 15 September

  CFPB Readies BNPL Rules Effort And Other Digital Transactions News briefs from 9/15/22

  

  Rohit Chopra, director of the Consumer Financial Protection Bureau, said the agency will begin to identity potential “interpretive guidance or rules to issue with the goal of ensuring that Buy Now, Pay Later firms adhere to many of the baseline protections that Congress has already established for credit cards.” This …
• 14 September

  Fiserv’s Clover Will Install 1,000+ Devices Across Three New Orleans Venues

  

  The trend toward cashless sports stadiums continues to roll like a juggernaut. ASM Global, a provider of convention-venue management and event strategy and producer of entertainment events, is installing more than 1,000 point-of-sale devices from Fiserv Inc.’s Clover Sport unit across three New Orleans sports and entertainment venues. The three …
• 14 September

  A Lack of Payment Choices Figures in the Reasons Why Online Shoppers Walk Away

  

  An absence of such payment features as one-click checkout and alternative payment methods at shopping sites is contributing to an overall cart-abandonment rate for online merchants that came to 75.7% of carts initiated in the year through March, according to a study released late Tuesday. The report, from Coresight Research …
• 14 September

  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 …
• 13 September

  NewStore Becomes the Latest Processor to Offer Apple’s Tap to Pay on iPhone

  

  NewStore Inc., a payments-platform provider specializing in mobile transactions, has become the latest processor to roll out Apple Inc.’s Tap to Pay on iPhone solution to its merchants in the United States. The payment option, which allows merchants to accept Apple Pay and other contactless payments by using an iPhone …
• 13 September

  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 …