Point-of-sale

March, 2024

• 15 March

  How the CFPB’s Mobile Wallet Rule Is Raising More Questions Than Answers

  

  The Consumer Financial Protection Bureau released its proposed rule on mobile wallets back in November, and comments on it closed Jan. 8, but that doesn’t mean the proposal isn’t still stirring up discussion as lawmakers, payments experts, and technology firms wrestle with its implications. The rule, which would define so-called …
• 15 March

  FedNow User Group Formed and other Digital Transactions News briefs from 3/15/24

  

  The Federal Reserve launched a user group for the 607 financial institutions that have signed on so far to participate in FedNow, the real-time payments network the regulator launched last summer with 35 participants, a count that had reached 400 by January. All live financial institutions and certified service providers are eligible …
• 14 March

  DoorDash Expands Its SNAP/EBT Program to More Than 10,000 Stores

  

  DoorDash Inc. has added 13 grocery-store chains to its platform that will accept electronic benefits transfer and SNAP cards for payment. The list of grocers—which includes, ACME Markets, Food City, Hy-Vee, Jewel-Osco, Kings Food Markets, Pavilions, Randalls, Shaw’s, Sprouts Farmers Market, Star Market, Stater Bros. Markets, Tom Thumb, and Vons—comprises …
• 14 March

  A New Mobile Wallet Is Set to Emerge for Electronic Games in Bars And Restaurants

  

  With the proliferation of smart phones, mobile wallets have been specializing in recent years as businesses find ways to work them into their payments stream and consumers find the devices impossible to leave behind. Now, mobile payments are coming to the world of electronic games in bars and restaurants. TouchTunes …
• 14 March

  Elavon Lands BMO And Other Digital Transactions News briefs from 3/14/24

  

  Processor Elavon, a unit of U.S. Bank, said it will provide a payments platform to BMO. In addition to payment services for credit, debit, and digital payment transactions, Elavon’s services to the bank include customized merchant processing services, omnichannel acceptance, fraud management, and dynamic and multi-currency conversion. Processor Stripe Inc. added support for Apple …
• 12 March

  Priority Technology Posts Record Earnings; Fortis Partners With WooCommerce for B2B Payments

  

  Payments-technology provider Priority Technology Holdings Inc. posted record revenue of $755.6 million in 2023, up 13.9% from the previous year. The year was capped off by a record fourth quarter, during which Priority posted revenues of $199.3 million, a 12.2% increase from the same period a year earlier. In both …
• 12 March

  TCH’s ACH Volume up 8% And Other Digital Transactions News briefs from 3/12/24

  

  The Clearing House Payments Co. LLC’s automated clearing house network, EPN, reported volume of more than 19 billion transactions for 2023, up 8%, with a total value of $52.4 trillion. Taulia, which provides technology to manage working capital, said it will incorporate into its Taulia Virtual Cards digital payments technology from Visa …
• 11 March

  POS Tech for Dining Gains Yet More Momentum As Olo Goes to the Point of Sale And Par Unveils New M&A

  

  The restaurant and related hospitality market has attracted plenty of attention the past few years from payment platforms, rendering the market one of the hottest in the field of digital payments and marketing. And the trend shows no signs of cooling off, as processors and related service providers look to …
• 11 March

  Apple Reverses Epic Decision and Other Digital Transactions News briefs from 3/11/24

  

  Apple Inc. on Friday reversed course on Epic Games, saying it would allow the online game developer to build its own app store in Europe for Apple devices. The reversal came as the European Union’s Digital Markets Act took effect last week. In the U.S. market. Apple several years ago permitted Epic …
• 7 March

  Paysafe’s Top Brass Notes Some Improvement But Adds Much Is ‘Yet to Be Done’

  

  Bruce Lowthers has been a man on a mission since taking over as chief executive at a struggling Paysafe Ltd. nearly two years ago, and early on Thursday he laid out an agenda for the work his company has yet to do. While he touted some improvement so far, “there …