Thursday , June 30, 2022

Point-of-sale

June, 2022

  • 30 June

    COMMENTARY: With Digital Payments Rising Fast, Tokenization Is More Urgent Than Ever

    Network tokenization is a term that’s quickly been finding its way into the fintech and payments spaces, and that’s for good reason, given consumers’ awareness regarding data breaches and security. So, what is it exactly? Tokenization is what major payment networks like Visa, MasterCard, and Discover use to replace primary …

  • 29 June

    Merchants And Issuers Are Pouncing on Inflation—But With Dueling Results

    Price inflation is rising at its fastest rate since the early 1980s, and that’s prompting dueling releases from both foes and advocates of card interchange, the fee merchants pay when consumers use credit and debit cards. Merchant groups have long inveighed against interchange—also referred to as “swipe fees”—as a cost …

  • 29 June

    How the Chip Shortage Is Prompting Payments Players to Adopt a Variety of Workarounds

    After more than two years, payments providers are still reeling from the chip shortage. Indeed, lead times for chips used in POS terminals and credit cards can be as long nine months, compared to six months a year ago, says Stewart Watterson, a strategic analyst for Aite-Novarica. Pre-pandemic, lead times …

  • 29 June

    Contactless Booms On Campuses And Other Digital Transactions News briefs from 6/29/22

    Transact Campus Inc., a specialist in mobile identity and payments for colleges, announced students have conducted more than 100 million contactless mobile-wallet transactions since the company’s start less than three years ago.TenureX, a platform founded in 2020 to enable correspondent-banking relationships, has added an extension to its Digital Transaction Certificate …

  • 28 June

    In a Crowded Market, Oracle Counts on Fixed Pricing to Boost Its New Platform for Restaurants

    With restaurants scrambling to launch digital-payment options and a bevy of firms eager to satisfy that demand, the technology giant Oracle Corp. on Tuesday launched its Oracle Food and Beverage Payment Cloud Service. The Redwood Shores, Calif.-based company bills the new product as standing alone in offering contactless payments and …

  • 28 June

    Blackhawk Makes a Move And Other Digital Transactions News briefs from 6/28/22

    Dining-deal Web site Restaurant.com will work with payments provider Blackhawk Network to expand the site’s gift card program via Blackhawk’s online distribution network.SpotOn, a payments provider for restaurants, has been named a preferred technology partner by the New York State Restaurant Association.Amount, a fintech specializing in the rapidly expanding buy now, pay …

  • 27 June

    VividPayment Enters a Crowded Restaurant POS Fray

    Competition in the hotly contested restaurant point-of-sale market continues to heat up as vendors transform themselves from payment-device providers to technology hubs. Sausalito, Calif.-based VividPayments LLC became the latest entrant looking to carve out a slice of the market Monday with the launch of Vivid POS, an iOS- and Android-based …

  • 27 June

    ISVPay in Unattended Payments Deal And Other Digital Transactions News briefs from 6/27/22

    Payments platform ISVPay said it is working with Unattended Card Payments, a specialist in unattended hardware, on a full-service unattended payment service.Technology company Fobi AI Inc. has partnered with Barnet Technologies, a vendor of sales and inventory-management software, to launch Bevy Pass, a digital wallet for the retail liquor and hospitality industry.CAI Software LLC, …

  • 24 June

    Uplift Signs Sun Country Airlines, Expanding Its Travel Portfolio for BNPL

    The expansion of buy now, pay later payment options in the travel industry continued with the announcement Thursday that Uplift has signed Sun Country Airlines. Through Uplift, passengers on Sun Country flights can split payments for their tickets with three, six, or 11 monthly installments as an alternative to paying …

  • 24 June

    Kasheesh Launches an App That Lets Users Split Purchases Among Their Existing Cards

    While buy now, pay later financing has been a big hit with consumers, especially those who use the loans to increase their buying power or as a budgeting tool, they have come under criticism for increasing debt loads for consumers with shaky finances. That has given rise to the idea …

Digital Transactions