Point-of-sale

September, 2023

• 19 September

  Square Founder Dorsey Will Have His Hands Full in Taking Over Square Again, Observers Say

  

  The unexpected announcement late Monday that Square chief executive Alyssa Henry is leaving the company and being replaced by founder Jack Dorsey raises tough questions about how the strategy and direction of the huge point-of-sale payments company might change, experts say. Dorsey, a key founder of what was then called …
• 19 September

  Zebra Joins the Race for Mobile POS Market Share

  

  Zebra Technologies Corp. has entered the highly competitive mobile-payments market with the introduction of Zebra Pay, a software-based, PIN entry, consumer off-the-shelf mobile payment solution for merchants. With solutions like Zebra Pay, the cardholder’s PIN is entered on an acquirer’s app running on the mobile device, while the card is …
• 19 September

  ACI’s Real-Time Microsoft Deal And Other Digital Transactions News briefs from 9/19/23

  

  ACI Worldwide Inc. said it will work with Microsoft Corp. to make its Real-Time Payments Cloud available in Microsoft Azure, enabling financial institutions access to The Clearing House Payments Co. LLC’s Real Time Payments network and the Federal Reserve’s FedNow real-time payments service. Treasury Prime, an embedded-banking technology provider, said it …
• 18 September

  As Fintechs Target Cross-Border Payments, Banks Plan Major Upgrades, a Citi Report Finds

  

  Nearly 90% of financial-institution clients predict 5% or more of cross-border market share will be forfeited to fintechs within the next 10 years, according to a study from Citicorp that canvassed more than 100 financial-institution clients. Why is this important?  “The Bank of England estimates that the value of cross-border payments is …
• 18 September

  Wise’s Cross-Border Hopes And Other Digital Transactions News briefs from 9/18/23

  

  Wise Transfer Ltd., a developer of software for cross-border transfers, announced its Wise Platform will complete transactions initiated through the Swift international payments platform at the option of financial institutions. In related news, IBM Corp. announced its IBM Payments Center, a software-development unit, has joined the Swift Partner Program, gaining access to …
• 15 September

  An Interchange Class-Action Settlement Inches Forward With a Recent Court Action

  

  The federal court overseeing a $5.54-billion settlement between millions of card-accepting merchants, on one hand, and Visa Inc. and Mastercard Inc., on the other, over interchange costs recently took several steps that ultimately could get payments out to merchants. But checks still won’t be in the mail for some time. …
• 14 September

  GoTab Inc. Dives Deeper Into Restaurants With a Mobile Terminal And Self-Service Kiosk

  

  GoTab Inc., a provider of digital ordering and payment solutions for the hospitality industry, has introduced Pocket POS, a mobile point-of-sale terminal about the size of a mobile phone that enables servers to take orders, manage tabs, process payments, and communicate with hosts and hostesses, as well as kitchen staff, …
• 14 September

  Cross-Border Options Are Among Factors Driving Real-Time Payments Growth, a Study Finds

  

  A growing volume of cross-border transactions is fueling the development of real-time payment services, according to a new report from Bank of New York Mellon Corp. and research firm Datos Insights. The report also says businesses stand to lose if they’re slow to invest in real-time payments. Some 80% of …
• 14 September

  FreedomPay’s Cross-Border Platform And Other Digital Transactions News briefs from 9/14/23

  

  Commerce platform FreedomPay said it will begin offering point-of-sale devices from Pax Technology Inc. in the second quarter next year. Visa Inc. announced it will deploy its real-time payments network, Visa Direct, to allow users of United Kingdom-based money-transmission platform Paysend to route payments to eligible Visa cards in 170 countries and territories. …
• 13 September

  Intuit Makes a Bid for More Small-Business Payments With a New Combo Service

  

  Intuit Inc., developer of the QuickBooks accounting software and related services for small businesses, embedded itself further into the payments business on Wednesday when it unveiled QuickBooks Money. The free product allows businesses to send invoices accepting payment choices including credit, debit, automated clearing house, PayPal, Venmo, and Apple Pay …