Point-of-sale

December, 2023

• 11 December

  Holiday Sales on Cards Are Off to a Healthy Start, the NRF Says

  

  Holiday sales were robust in November, giving merchants reason to be optimistic about overall spending for the holiday shopping season, according to the National Retail Federation. Total retail sales in November, excluding automobiles and gasoline, rose 0.77% month-over-month on a seasonally adjusted basis, and 4.24% on an unadjusted basis year-over-year,  …
• 11 December

  FreedomPay Adds CitiPay And Other Digital Transactions News briefs from 12/11/23

  

  Payments platform FreedomPay has agreed to offer Citi Pay, a provider of point-of-sale financing and a unit of Citi Retail Services, to its merchant clients. Payment processor 100Group announced an expansion in motorsports with an agreement to process transactions for Tony Stewart Racing. SimplePin Inc., a payments platform specializing in the insurance industry, has …
• 7 December

  As International Travel Rebounds, Citcon Works With Alipay to Bring Alipay+ to U.S. Merchants

  

  E-commerce wallet-technology provider Citcon USA LLC has partnered with Alipay to enable merchants in the United States to accept e-wallet payments from international travelers through the Alipay+ platform. Alipay+ is a cross-border mobile-payment platform that enables consumers traveling abroad to make purchases using a chosen payment method.  The partnership marks …
• 7 December

  SoundHound’s $25 Million Acquisition And Other Digital Transactions News briefs from 12/7/23

  

  SoundHound AI Inc. said it will acquire SYNQ3 Restaurant Solutions, a voice artificial intelligence and technology provider for restaurants, in a deal valued at $25 million. Once completed, the deal will extend SoundHound’s services to 10,000 locations and more than 25 national and multinational chains. The deal is expected to close …
• 6 December

  Pidgin Partners With Modern Banking Systems to Bring Real-Time Payments to Small Banks

  

  Payments-platform provider Pidgin Inc. will work with Modern Banking Systems, a provider of core bank-processing technology, in an effort to bring real-time payments capability to community banks. Pidgin’s platform supports real-time processing through multiple payment rails, including FedNow and The Clearing House Payments Co.’s Real-Time Payments network. The deal was …
• 6 December

  KyckGlobal’s Cash Bill-Pay Option And Other Digital Transactions News briefs from 12/6/23

  

  Exceleron, a payments service for utility companies, said it is working with payments platform KyckGlobal to allow persons to pay a utility bill with cash at certain ATMs. Dash Solutions acquired KyckGlobal in August. Payments and loyalty platform Givex announced an integration with Uber Direct to enable merchants to add on-demand delivery service to …
• 5 December

  Adyen Enters the Acquirer Role for Tech-Centered Payments Provider Klarna

  

  Financial technology platform provider Adyen NV late Monday announced it will become the acquiring bank for global payments platform Klarna AB next year for markets in North America, Europe, and Asia. The deal expands the companies’ more than decade-old partnership through which Adyen offers Klarna’s payment options to consumers, including …
• 5 December

  COMMENTARY: Why Networks Should Welcome, Not Fear, Open Banking

  

  As readers of this article likely know, banks have traditionally kept customers’ financial data within their own closed systems. Open banking allows for financial data to be shared between banks and third-party service providers, using application programming interfaces. With open banking, consumers can dictate what data can be shared with …
• 4 December

  MiCamp and Cocard Deepen Alliance And Other Digital Transactions News briefs from 12/4/23

  

  MiCamp Solutions said it increased its investment and involvement with Cocard, a unique owner-operated independent sales organization. Terms were not disclosed, though MiCamp said collectively the alliance will serve more than 46,000 merchants and process more than $40 billion in annual transaction volume. Payments provider Nuvei Corp. has agreed to process online transactions …
• 4 December

  In Announcing Its Q3 Results, POSaBIT Reveals Plans For a POS Device for Cannabis Merchants

  

  POSaBIT Systems Corp., a payments processor specializing in cannabis merchants, announced its third-quarter earnings along with plans for a point-of-sale device earmarked for cannabis retailing. The company said transaction volume for the quarter totaled $157.9 million, up 11% from the same period a year ago. Revenues for the quarter totaled …