Point-of-sale

February, 2024

• 5 February

  Fleet Card Startup AtoB Signs an Exclusive Network Deal With Mastercard

  

  AtoB, a 4-year-old payments platform for the trucking industry, announced Monday that Mastercard Inc. will be the exclusive network for its commercial card program. AtoB’s platform provides such tools as fleet cards, direct-deposit payroll, and access to bank accounts. The San Francisco-based fintech’s fuel card offers discounts of up to …
• 5 February

  A Bad Start to the Year: Ransomware Spikes 130% in January

  

  Already, 2024 is starting off with an unrelenting wave of ransomware attacks. The number of attacks last month, as registered by cybersecurity firm BlackFog, increased 130% from January 2023. Cheyenne, Wyo.-based BlackFog says the 76 attacks noted this January are the second-highest it has ever recorded. The highest number came …
• 5 February

  Speedy Payouts Most Favored Among Bettors And Other Digital Transactions News briefs from 2/5/24

  

  Sports-betting enthusiasts rank rapid payouts and payment choice most highly when choosing a sportsbook, according to a report from Paysafe Ltd., a payments processor for which gaming is a major market. The research canvassed 3,000 bettors in six states, Canada, and the United Kingdom, France, Germany, and Italy in December. Airwallex, …
• 2 February

  Cantaloupe Makes a Play for Stadium Pay With a $4.75 Million Deal for Cheq

  

  Cantaloupe Inc., a provider of cashless payment technology for the self-service market, has acquired Cheq Inc. for $4.75 million, Cantaloupe announced late Thursday. Cheq is a payments and ordering platform for sports, entertainment, and hospitality venues.  With the acquisition, Malvern, Pa.-based Cantaloupe can enter what has become in recent years …
• 2 February

  Apple Revenue up 11% And Other Digital Transactions News briefs from 2/2/24

  

  Apple Inc. reported record quarterly revenue of $23.1 billion in its Services unit, up 11% year-over-year, including an all-time high for payments revenue, which Apple did not break out in its December quarter results. This subcategory includes revenue from processing for stores, Apple Pay, and iOS apps. Cannabis wholesale platform Nabis …
• 1 February

  High Costs And Fraud Risk Drive Sellers’ Dissatisfaction With Card Processing, J.D. Power Finds

  

  Small businesses tend to be less satisfied with their credit and debit card processing than they are with processing for alternative payments, according to a study by J.D. Power. Based on a 1,000-point scale, with 1,000 being the highest score, merchant-satisfaction scores for credit card processing averaged 692, while scores …
• 1 February

  Eye on POS: CardFlight Enables Mobile Invoicing; Clover Sport Hits the Ice

  

  Point-of-sale specialist CardFlight Inc. extended the ability to create invoices to its SwipeSimple app, a feature that was previously only available via the Web version. Meanwhile, Fiserv Inc. says the Prudential Center, where the National Hockey League New Jersey Devils play, will adopt Clover Sport point-of-sale hardware and software. New …
• 1 February

  Nuvei’s Cash App Integration And Other Digital Transactions News briefs from 2/1/24

  

  Payments provider Nuvei Corp. announced an integration with Block Inc.’s Cash App, allowing Nuvei merchants to more easily adopt Cash App Pay for online checkouts. Worldpay LLC announced it is now operating as an independent company following the close of an $18.5-billion transaction that saw private-equity firm GTCR acquire 55% of its equity, …

January, 2024

• 31 January

  As Its U.S. Business Slows, Mastercard Looks to Emerging Markets Like Real Time Payments

  

  Mastercard Inc. is confronting a slowdown in dollar volume in its home market while it pushes into vital new markets like real-time payments and open banking, its presentation of fourth-quarter 2023 financial results indicated early Wednesday. Gross dollar volume of $727 billion in the December quarter represented a 4% rise …
• 31 January

  Eye on Acquisitions: EMS Nabs PaymentCloud; Blackhawk Acquires Tango Card

  

  Payment technology provider Electronic Merchant Systems acquired PaymentCloud, an Encino, Calif.-based payment gateway provider. The acquisition will enable PaymentCloud to expand its merchant base while utilizing EMS’s technology services. The deal also solidifies the existing relationship between the two companies and positions Cleveland-based EMS to leverage PaymentCloud’s marketing and sales …