Point-of-sale

July, 2024

• 26 July

  How Acquirers Prepare for AI’s Utility in Retention and More

  

  Artificial intelligence tools may still be in development, but their utility for acquirers is quickly becoming apparent. “A lot of people think it’s a ‘nice to have,’ but it’s no longer a ‘nice to have,’” Sebastian Builes, cofounder and chief executive at Arcum, a merchant-retention firm that uses AI, told …
• 25 July

  Kasheesh Brings a New Twist to Split Payments

  

  Financial technology provider Kasheesh Inc. on Thursday launched a virtual card that allows consumers to split payments for online purchases across up to five existing credit, debit, and prepaid cards. The card is intended to provide an alternative to buy now, pay later loans.  The Mastercard-branded card can be loaded …
• 25 July

  Card Issuer Marqeta Will Support Visa’s Flexible Credential

  

  Marqeta Inc. early Thursday said it has become the first card-issuing platform to adopt technology announced earlier this year by Visa Inc. that lets cardholders toggle among a variety of payment methods for a single card rather than be restricted to the payment type indicated by the card itself. Oakland, …
• 25 July

  Papaya’s Workforce Software and other Digital Transactions News briefs from 7/25/24

  

  U.S.-based Papaya Global, which offers platforms for payroll and payments processing, said it will support payroll and other workforce software for Cegid, a Europe-based provider of cloud software for finance and human resources. American Express Co. announced updates to its U.S. Consumer Gold Card, including credits for spending at restaurants included in …
• 24 July

  Fiserv Racks up Growth Via Strength in Merchant Services

  

  Fiserv Inc.’s top brass early Wednesday celebrated a second quarter in which adjusted revenue jumped 7% and adjusted earnings per share grew 18%, but it was new programs and alliances—including one with Apple Inc.—that took center stage as the company presented its second-quarter results. Cash Flow Central, a banking alliance …
• 24 July

  Tap-to-Pay And Value-Added Services Help Fuel Visa As It Pursues a New Interchange Settlement

  

  Growth in contactless and peer-to-peer payments, e-commerce, and value-added services were among the highlights discussed with stock analysts late Tuesday during Visa Inc.’s third-quarter earnings call for the card company’s fiscal year 2024. Visa’s Tap-to-Pay contactless payments technology has penetrated multiple markets, accounting for 80% of all face-to-face Visa transactions …
• 24 July

  Fortis Makes Acquisition and other Digital Transactions News briefs from 7/24/24

  

  Fortis Payment Systems LLC acquired the NetSuite payments division of MerchantE Solutions Inc. Fortis said the acquisition will boost its position in embedded enterprise resource planning payments. Terms were not disclosed. Mastercard Inc. and JPMorgan Chase are two of eight companies the Federal Trade Commission issued orders to seek information about products that …
• 23 July

  Digital Payments Have Plenty of Room for U.S. Growth, a Marqeta Report Says

  

  Demand for digital-payment and embedded-finance technology is growing in the United States, especially among Gen Z and Millennials, says a report from payments platform Marqeta Inc. The demand is being driven largely by the lower adoption of contactless payments and mobile-banking apps in the U.S. compared to the United Kingdom …
• 23 July

  Sound Payments Makes Equinox Integration and other Digital Transactions News briefs from 7/23/24

  

  Point-of-sale and payments software provider Sound Payments said it completed an integration with two Equinox Payments POS terminals in Sound’s Quantum Cloud platform. Blaze Solutions Inc., a provider of technology for cannabis sellers, has released new point-of-sale technology for that market, featuring a Web-based POS system and upgraded user interface. A startup …
• 22 July

  i2C’s Corporate Card Plans and other Digital Transactions News briefs from 7/22/24

  

  U.S.-based digital banking and payments platform i2c Inc. said it will work with Beyon Money Business, a banking-technology provider, to launch a corporate expense card program for small and mid-size companies, first in Bahrain and later more widely. Ackroo Inc., a point-of-sale technology provider and gift card platform, announced revenue for the …