Point-of-sale

June, 2023

• 5 June

  Eschewing Card Payments, Startup Sway Money Exceeds Its Funding Goal

  

  Sparing merchants card-acceptance fees is the fuel that has propelled alternative payments options, such as account-to-account transactions. One startup benefitting from this trend is London-based Sway Money Ltd., which enables merchants to accept account-to-account payments using a QR code and an off-the-shelf mobile device. Sway, which was incorporated in December …
• 5 June

  Chase Resolves Double Debit Issue And Other Digital Transactions News briefs from 6/5/23

  

  JPMorgan Chase & Co. late on Friday said it had resolved an issue that was generating duplicate online transactions and fees on customers’ checking accounts. The bank said it was issuing refunds or reversing transactions. At least some of the transactions had been generated through the Zelle peer-to-peer payments platform, though …
• 2 June

  Payments Tech Giant Stripe Launches a Charge Card Program for Small Businesses

  

  Eyeing an opportunity among cash-strapped small businesses, Stripe Inc. has jumped into the virtual credit card game with the launch of a charge card program for Stripe Issuing, the San Francisco-based processor’s commercial card program. The new program will be offered through fintechs serving small businesses. Announced late Thursday, the …
• 1 June

  Eye on Wallets: Google Wallet Adds Driver’s License Storage; Alipay’s Apple Pay Integration

  

  Google Wallet is adding the ability to store a digital image of a state-issued ID card along with several other features announced Thursday. In related news, Alipay, a China-based digital wallet with an estimated 1.3 billion users, is enabling users to add Alipay to their Apple IDs for use with …

May, 2023

• 31 May

  Affirm Expands its Global Reach Through a Partnership With FIS’s Worldpay

  

  BNPL provider Affirm Holdings Inc. has struck a multi-year partnership with payment processor Worldpay to make its Adaptive Checkout solution available to Worldpay merchants. The deal will enable Worldpay merchants to offer consumers bi-weekly and monthly payment options. Worldpay is a unit of the big processor FIS Inc. The deal, …
• 31 May

  ACI Picks New CEO And Other Digital Transactions News briefs from 5/31/23

  

  ACI Worldwide Inc. named Thomas Warsop its president and chief executive effective June 1. Warsop continues to be a member of ACI’s board of directors, which he joined eight years ago. He had served as interim president and CEO since November following the departure of Odilon Almeida, who held that role since …
• 30 May

  Friendly Fraud Is on a Sharp Rise, Chargebacks911 Finds

  

  So-called friendly fraud is a growing problem for many merchants. A report from chargeback-management firm Chargebacks911 reveals that nearly three quarters of the 300 merchants surveyed have seen a 19% increase in illegitimate chargebacks on average so far in 2023 compared to the same period last year. At the same …
• 30 May

  Sylq Selects ThetaRay And Other Digital Transactions News briefs from 5/30/23

  

  ThetaRay Ltd., a U.S. and Israeli provider of transaction-monitoring technology based on artificial intelligence, said France-based payments provider Sylq has contracted to use its customer-screening product. Fingerprint-authentication provider IDEX Biometrics is working with security firm AuthenTrend to offer smart cards for digital authentication in such applications as cryptocurrency wallets. The product’s launch …
• 26 May

  Stripe Supports Lotus Online Auto Sales; Fiserv Moves to the NYSE

  

  British automaker Lotus Cars Ltd. has selected Stripe Inc. as the processor for its direct-to-consumer sales in Europe. The deal will enable consumers to configure, order, and pay for cars online. Consumers can use such payment methods as Apple Pay, Google Pay, and bank transfers. Lotus will be able to …
• 25 May

  BNPL Providers Could Do a Better Job Protecting Consumers, Consumer Reports Finds

  

  Despite the increasing popularity of buy now, pay later loans, some BNPL providers could do a better job when it comes to providing consumer protections, such as disclosing fees and enabling consumers to manage their data and privacy settings, a study by Consumer Reports found. When it comes to the …