Point-of-sale

February, 2024

• 9 February

  Cantaloupe Revenue up 7% and other Digital Transactions News briefs from 2/9/24

  

  Cantaloupe Inc., a payments processor for vending machines and unattended markets, reported 1.23 million active devices online at the end of its December quarter, up 7% year-over-year. Active clients totaled 30,027, a 14% rise. Revenue for the quarter came to $65.4 million, up 7%, while transaction volume grew 12% to …
• 8 February

  PayPal’s New CEO Begins Acting on His Promise to Shake up the Payments Giant

  

  When Alex Chriss came from Intuit last fall to take over as chief executive of PayPal Holdings Inc., he made it plain there would be big changes in strategy coming soon. On Wednesday, he began delivering on that promise, asserting the payments company is going to promote so-called branded checkout …
• 8 February

  Lightspeed Loss Narrows And Other Digital Transactions News briefs from 2/8/24

  

  Payments provider Lightspeed Commerce Inc. reported December-quarter revenue of $239.7 million, up 27% year-over-year. The company narrowed its net loss to $40.2 million from $814.8 million a year ago. Payments platform FleetCor Technologies Inc. reported December-quarter revenue of $937.3 million, up 6% year-over-year. Net income rose 6% to $255.9 million. For full-year 2023, revenue …
• 7 February

  Payroc Beefs Up Its Presence in Canada With Its Deal for SterlingCard

  

  Payments-platform provider Payroc LLC has expanded its footprint in Canada through its acquisition of SterlingCard Payment Solutions Inc., a provider of retail and e-commerce payment solutions, for an undisclosed sum. Tinley Park, Ill.-based Payroc announced mid-day Tuesday it had closed on the deal. The acquisition enables Payroc to offer a …
• 7 February

  PSCU/Co-op Debuts a BNPL Service for Credit Unions

  

  Credit union service organization PSCU/Co-op Solutions released its buy now, pay later service to credit unions, enabling their cardholders to make installment payments on their card-based purchases. PSCU/Co-op, which merged Jan. 1, says cardholders whose credit unions enroll in the service can choose qualifying transactions to pay back in installments. …
• 7 February

  Entrust Eyeing Onfido And Other Digital Transactions News briefs from 2/7/24

  

  Minneapolis-based Entrust, a provider of identity technology and data security for payments, said it has entered into exclusive talks to acquire London-based Onfido, a platform for identity-verification based on artificial intelligence technology. Pay-at-table technology specialist Toast Inc. said Choice Hotels International has selected its Toast for Hotel Restaurants portfolio for two Choice chains, Cambria …
• 6 February

  More Salvos Emerge in the Battle Over a Credit Card Networking Bill

  

  Proponents and opponents of the Credit Card Competition Act continue to press their respective cases for passage and rejection of the CCCA by Congress. Late Monday, the Merchants Payments Coalition fired the latest salvo in its campaign to pass the CCCA, a television commercial that literally shows a consumer getting …
• 6 February

  Fiserv Logs Robust Results in Its Merchant Unit As Its Clover Tech Surges Ahead

  

  Fiserv Inc., already a behemoth in merchant processing, is preparing to straddle its twin pillars of acquiring-bank relationships, on the one hand, and its own acquiring operations through a Georgia bank charter, on the other. The charter, which the big processor applied for last month, has “a very specific purpose,” …
• 6 February

  Affinipay’s Tap-to-Pay Play And Other Digital Transactions News briefs from 2/6/24

  

  AffiniPay, a specialist in payments for professional offices, launched a refreshed version of its In-Person-Payments service featuring new payments devices that include tap-to-pay functionality. Fiserv Inc.’s Small Business Index for January remained unchanged from December at 138. Year-over-year sales grew 1.7%, down from December’s 2.6% rate. The Index, introduced in January, measures …
• 5 February

  Fleet Card Startup AtoB Signs an Exclusive Network Deal With Mastercard

  

  AtoB, a 4-year-old payments platform for the trucking industry, announced Monday that Mastercard Inc. will be the exclusive network for its commercial card program. AtoB’s platform provides such tools as fleet cards, direct-deposit payroll, and access to bank accounts. The San Francisco-based fintech’s fuel card offers discounts of up to …