Sunday , March 7, 2021

Point-of-sale

March, 2021

  • 5 March

    Via BitPay, Dogecoin Becomes the Latest Cryptocurrency Accepted by the Dallas Mavericks

    Cryptocurrency can be a volatile store of value and continues to struggle as a medium of exchange, but merchants in some markets are slowly moving to accept it as a faster and cheaper payment method than cards in the face of complications brought on globally by the pandemic or by …

  • 5 March

    BJ’s Wholesale Adds Online SNAP Payments and other Digital Transactions News briefs from 3/5/21

    The warehouse-store chain BJ’s Wholesale Club said it has added electronic benefits transfer payment capability to its Web site for in-store or curbside pickup of SNAP-eligible items. The service applies to stores in Florida and North Carolina. The processor is FIS Inc.’s Worldpay. SNAP is the federal Supplemental Nutrition and Assistance Program.Independent …

  • 4 March

    Shift4 Shrugs off a ‘Very Challenging Year’ With a $72-Million Move Into Stadiums

    Shift4 Payments Inc. refers to the volume potential it’s trying to tap as a “coiled spring” waiting to be released as Covid restrictions ease. On Thursday, the big payments processor tapped into that potential with its $72-million acquisition of VenueNext Inc., a Palo Alto, Calif.-based provider of mobile payments, point-of-sale …

  • 4 March

    OLB Expands Crypto Support and other Digital Transactions News briefs form 3/4/21

    Payments provider The OLB Group Inc. said its SecurePay gateway can now support cryptocurrency transactions and settlement of funds for merchants, putting crypto on par with credit and debit payments.PayActiv Inc., a provider of earned-wage access technology, said Hancock Whitney is the first financial institution to offer the company’s service.In related news, …

  • 4 March

    Mobile Wallet Usage Is Growing at The Expense of Cash And Credit Cards, Says FIS

    Cash purchases fell to historic lows in 2020 as consumers shifted their payment preferences to contactless technologies such as mobile wallets, according to the 2021 Global Payments Report by Worldpay from FIS Inc. Cash transactions represented just 20.5% of global point-of-sale volume in 2020, down from 30.2% 2019, according to …

  • 3 March

    Why Buy Now, Pay Later Is Taking off—And Sparking a Reaction From Incumbent Players

    The fast-growing buy now, pay later (BNPL) installment-credit option for online and in-store payments could reach $1 trillion in U.S. volume by 2025, or between 10 and 15 times the current level, according to a report released Tuesday by CBInsights, a New York City-based financial-service research firm. A confluence of several …

  • 3 March

    BOPIS Messaging Soars and other Digital Transactions News briefs from 3/3/21

    Mobile marketing specialist Vibes said brands sent 400% more mobile messages for buy online pickup in store and buy online pickup at curbside services in the 2020 fourth quarter than they did in the 2019 fourth quarter. Vibes predicted that both pickup options will continue to grow 45% in 2021.London-based digital payouts …

  • 2 March

    Interchange Adjustments Will Add a Net $889 Million to Merchants’ Costs, an Analysis Says

    With the two big payment networks set to raise by hundreds of millions of dollars the cost U.S. merchants pay for card acceptance, e-commerce merchants could see fee boosts while some segments—like travel-and-entertainment and low-ticket-value, quick-service merchants—could see some reductions.  In total, rate tweaks scheduled by Visa Inc. and Mastercard …

  • 2 March

    ACI’s Cash Deal with the IRS and other Digital Transactions News briefs from 3/2/21

    ACI Worldwide Inc. said its ACI Payments Inc. unit will support an Internal Revenue Service initiative to allow taxpayers, including those who are unbanked or underbanked, to make cash payments through a new digital barcode feature from ACI and InComm Payments’ VanillaDirect Pay unit.P97 Networks Inc., a provider of mobile payments …

  • 1 March

    E-Complish Teams With Plaid to Validate Accounts And Funds for ACH Transactions

    In an effort to move automated clearing house transactions closer to real-time, E-Complish, a New York City-based payment processor, announced Monday it has teamed with data network Plaid Inc., to validate a bank account, and the funds in it, for ACH transactions. The service makes it possible for E-Complish customers …

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