Point-of-sale

January, 2024

• 15 January

  MagicCube’s iAccept Gets a Shot in the Arm Via a Shift4 Partnership

  

  MagicCube Inc. has partnered with processor Shift4 Payments Inc. to make its iAccept softPOS application available to Shift4 merchants. MagicCube’s i-Accept app turns Android smart phones and tablets into PCI-compliant payment devices that can accept contactless payments using tap-to-pay with or without a PIN. The deal is considered a boost …
• 15 January

  NRF News: NCR Voyix’s Self Checkout; Equinox’s New Terminal

  

  With a variety of checkout strategies confronting merchants, NCR Voyix, which styles itself the “world’s largest self-checkout vendor,” has launched new self-checkout technology that relies on a software-as-a-service foundation that enables stores to offer barcode scanning, contactless payments, and other features. The company’s announcement came on the opening day of …
• 15 January

  Eye on NRF; BofA Zelle Users Grow 18% And Other Digital Transactions News briefs from 1/15/24

  

  Banking giant Bank of America Corp. reported combined credit and debit card volume of $228.9 billion for the fourth quarter, up 3% year-over-year. The number of BofA users of the Zelle peer-to-peer payments network grew 18% to 21.5 million, while Zelle volume climbed 25% to $101 billion. Late in 2021, the …
• 12 January

  COMMENTARY: A Rigged International Payments Market Is Bad for the U.S.—And Bad for Free Trade

  

  On Nov. 20, 2023, Mastercard Inc. announced that its Chinese joint venture with Netsunion to process domestic payments had been approved by the People’s Bank of China and the National Administration of Financial Regulation. Was it a victory for, or a mockery of, free trade? If this landmark approval were …
• 11 January

  Merchants Nudge Congress to Vote on the CCCA As Members Reconvene for 2024

  

  The battle between merchants, on one hand, and financial institutions and payment networks, on the other, over the Credit Card Competition Act continues to heat up. The Merchants Payments Coalition on Thursday sent a letter to Congress signed by nearly 2,000 merchants, including hundreds of small businesses, calling on legislators …
• 11 January

  Tap to Pay on Android Comes to GoDaddy Merchants

  

  Web services and payments provider GoDaddy Inc. released its Tap to Pay on Android point-of-sale service for merchants, complementing the Tap to Pay on iPhone technology it already offers. Tap to Pay on Android enables merchants to use consumer-grade smart phones as contactless payment-acceptance devices without a need for separate …
• 11 January

  Global Payments’ New Venture And Other Digital Transactions News briefs from 1/11/24

  

  The big U.S. payments processor Global Payments Inc. announced Commerz Globalpay GmbH, a joint venture with Commerzbank to offer digital-payments technology to businesses in Germany. Global Payments will hold a 51% stake in the venture. The United Kingdom-based retailer Co-op said it has moved its payments technology into a cloud configuration on a platform …
• 10 January

  BitPay Looks to Add More Than 100 New Digital Currencies to Its Payments Platform

  

  BitPay Inc. said Tuesday it will start adding dozens of cryptocurrencies to its platform this week in a move that includes a revamp of the company’s payments service. The Atlanta-based company, which has been processing crypto-based payments for more than 10 years, said it will start supporting more than 100 …
• 10 January

  X Sets 2024 P2P Payments Goal And Other Digital Transactions News briefs from 1/10/24

  

  X, the social network formerly known as Twitter, announced in a Tuesday blog post it will launch peer-to-peer payments this year, “unlocking more user utility and new opportunities for commerce, and showcasing the power of living more of your life in one place.” Payments provider VizyPay announced it processed $1.8 billion in …
• 9 January

  The Payments Lobby Cites Harm in Its New Advertising Salvo Against the CCCA

  

  The Electronic Payments Coalition has come out swinging in the new year as it intensifies its fight against the Credit Card Competition Act. The EPC, which lobbies on behalf of financial institutions and payments networks, late Monday announced it is launching an ad campaign aimed at federal lawmakers. The campaign …