Point-of-sale

August, 2023

• 29 August

  Snack POS Adds PAX Devices And Other Digital Transactions News briefs from 8/29/23

  

  Restaurant point-of-sale provider Snack POS has agreed to offer EMV terminals from Pax. Soundhound AI Inc., a specialist in artificial intelligence, said it will work with online-ordering platform ChowNow to help restaurants answer and respond to customer calls. Payments provider Nayax Ltd. is working with loyalty-technology platform Giift to enable consumers to convert loyalty …
• 28 August

  Shift4 Grows Its Sports Portfolio By Signing the NHL’s St. Louis Blues

  

  Shift4 Payments Inc. has expanded its stadium-pay domain by signing a deal with the National Hockey League’s St. Louis Blues to provide payment processing at the Enterprise Center, the team’s arena, and the adjacent Stifel Theater. Shift4 will also provide software for the Blues’ loyalty program, mobile wallet, and ordering …
• 28 August

  Eye on Wallets: BMO’s Virtual Card Move; Startup Tezro Deploys a Wallet

  

  Digital wallets continue to find a foothold in payments. The latest entry is BMO Commercial Bank’s debut of Extend, a virtual card service for its app. And startup Tezro launched a digital wallet aimed at integrating banking, payments, and shopping through messaging apps consumers already use. BMO Commercial Bank, a …
• 28 August

  VSoft’s Real-Time Pidgin Integration And Other Digital Transactions News briefs from 8/28/23

  

  VSoft Corp., a specialist in financial-services technology, said its core-processing and digital-banking platforms are processing real-time transactions through an integration with instant-payments provider Pidgin. Payments providers ACI Payments and Link2Gov Corp. have been awarded Internal Revenue Service contracts worth $2.07 billion to support credit and debit card payments for taxes and user …
• 25 August

  SoftPOS Offers Many Advantages, But a Few Drawbacks, Too

  

  The recently developed ability to accept card payments on an ordinary smart phone, with no additional hardware, has electrified the payments industry. But the technology, known as SoftPOS, comes with complications that could slow progress, a panel of experts warned Thursday. SoftPOS, which as the name implies relies on specialized …
• 25 August

  Affirm’s Revenue up, Though Loss Broadens And Other Digital Transactions News briefs from 8/25/23

  

  Buy now, pay later provider Affirm Inc. posted fiscal fourth quarter revenue of $445.8 million, up 22.4% from $364.1 million in the quarter ended June 30, 2022. Its quarterly loss of $206 million broadened from $186.4 million a year ago. For the full year, Affirm had $1.588 billion in revenue, up 17.7% …
• 24 August

  BNPL’s Rapid Ascent Evokes Clashing Opinions on the Ethics of Short-Term POS Credit

  

  The buy now, pay later craze, which took flight during the Covid pandemic, has turned into a $70-billion-plus segment of the payments industry. But that doesn’t mean it hasn’t stirred controversy among acquiring-industry executives, some of whom manage versions of the point-of-sale credit product. That clash of viewpoints emerged Wednesday …
• 24 August

   BNPL for Workplace Training And Other Digital Transactions News briefs from 8/24/23

  

  OSHA Outreach Courses, which provides workplace training services to employers and employees, said it has added a buy now, pay later option to pay for its instructional offers. Shift4 Payments Inc. has been named the official payment processor for the Cleveland Cavaliers of the National Basketball Association. Shopmium, a cash-back shopping …
• 23 August

  Gen Zers Lead the Charge as Canadians Embrace Mobile Debit Transactions

  

  In-store debit card payments made using mobile devices in Canada surged 53% during the 12-month period ended July 31, compared to the same period a year earlier, according to Interac Corp., Canada’s national debit network. In addition, e-commerce transactions made using a mobile device increased 17% year-over-year during the same …
• 23 August

  TouchBistro Updates POS System And Other Digital Transactions News briefs from 8/23/23

  

  Restaurant point-of-sale provider TouchBistro launched a set of back-of-house technologies, including profit-management and kitchen display systems. Payments provider NMI released first-half 2023 results indicating the company ended the period with connections to more than 3,900 independent software vendors, sales agents, and fintechs. So far, these links have generated more than 2.3 billion transactions and …