Point-of-sale

January, 2024

• 30 January

  In Chargebacks, Consumers Trust Their Banks, a Chargebacks911 Report Finds

  

  Most U.S. consumers—53%—concerned about a possible fraudulent transaction on their credit card statements make the first inquiry with the issuing bank, not with the merchant. That’s according to the newly released 2024 Cardholder Dispute Index released by Chargebacks911, a Clearwater, Fla.-based dispute-management company. Conducted in partnership with TSG, an Omaha, …
• 29 January

  Eye On Acquisitions: Quisitive Completes Its Sale of PayiQ; Visa Equity Closes on EngageSmart

  

  Quisitive Technology Solutions Inc., a payments-technology provider and Microsoft Corp. cloud partner, announced Monday it has completed the sale of its LedgerPay Inc. subsidiary, including its PayiQ platform, to Fulcrum IT Partners for an aggregate price of up to $45 million. The sale price includes $27 million worth of preferred …
• 29 January

  i2c Signs Another Community Bank And Other Digital Transactions News briefs from 1/29/24

  

  Payments-technology provider i2c Inc. announced it will support payments services for fintech clients signed by The Bank of Missouri, a community bank. Ackroo Inc., a Canada-based payments and gift card platform, reported unaudited revenue of $6.8 million for 2023, up 9% from 2022. Global transactions involving biometric authentication—palm, face, or iris recognition—will total …
• 26 January

  AmEx Posts Strong Numbers As It Looks to Add Card Features And Cardholders

  

  American Express Co. reported record revenue and record earnings early Friday as it posted a fourth-quarter 2023 performance that the company says proves it has put the languor of the pandemic behind it. “Looking back over two years, we have achieved what we set out to do. We are a …
• 26 January

  Visa Revenue up 9% And Other Digital Transactions News briefs from 1/26/24

  

  Visa Inc. reported $8.6 billion in net revenue for its December quarter, up 9% year-over-year, on $3.9 billion in credit and debit card volume, up 7.8%. Apple Inc. announced changes to iOS, Safari, and its App Store to meet European Union rules, including new options on its App Store to use payment …
• 25 January

  PayPal Taps Multiple Updates for Its App And Venmo

  

  A new way of shopping using the PayPal app and related services is in the offing. Announced Thursday, the update includes a one-click guest checkout experience, digital receipts PayPal calls Smart Receipts, a revised offers platform, and improvements to business profiles for Venmo, its social peer-to-peer payments service. The moves …
• 25 January

  Data Compromises Hit a New High As Cyber Criminals Leverage GenAI And New Attack Vectors

  

  Data compromises reported in the United States reached a record high in 2023, totaling 3,205, a 78% rise over 2022 and up 72% from the then record high of 1,860 in 2021, according to the Identity Theft Resource Center’s annual Data Breach Report. It is the first time the number …
• 25 January

  Worldpay’s Gateway Ranking And Other Digital Transactions News briefs from 1/25/24

  

  Payments research and consultancy firm TSG conferred its Best Performing Gateway award on Worldpay, with Elavon’s Fusebox in second place. The firm monitors gateway performance through its Global Experience Monitoring platform, which monitors credit card transactions across 30 locations around the world. Digital workflow provider ServiceNow announced a five-year agreement with Visa Inc. to …
• 24 January

  Mastercard Will Remain the Software Engine Behind the RTP Network

  

  Mastercard Inc. has extended its partnership in a multi-year agreement with The Clearing House Payments Co., which operates the Real Time Payments (RTP) network. The deal continues Mastercard’s role as the network’s instant-payments software provider. The agreement will drive more volume through the RTP network by maintaining the network’s reliability …
• 24 January

  Eye on BNPL: Klarna Debuts a Subscription Service; PublicSquare Enlists Credova

  

  Klarna AB, a buy now, pay later provider, is entering the subscription arena with the U.S. launch of Klarna Plus. For $7.99 a month, Klarna Plus enables eligible consumers to earn double rewards points on their purchases, pay no service fee when using Klarna at merchants outside of the Klarna …