Point-of-sale

December, 2023

• 13 December

  The EPC Recruits Social Media Influencers to Turn Up the Heat on the CCCA

  

  The Electronic Payments Coalition has opened a new front in its battle to prevent passage of the Credit Card Competition Act: it’s recruiting social-media influencers to join its cause. In June, the EPC put out a memo on the new tactic as part of its “Hands Off My Rewards” campaign …
• 13 December

  Visa Launches a Service Aimed at Stopping Fraud Caused by Illegitimate Token Requests

  

  Tokenized credentials are supposed to stop fraud by masking card account numbers when a transaction is processed, but according to Visa Inc. global losses owing to illegitimate tokens totaled $450 million last year. That’s bad enough to prompt the network to announce early Wednesday it is launching Visa Provisioning Intelligence, …
• 12 December

  Discover Taps New CEO And Other Digital Transactions News briefs from 12/12/23

  

  Discover Financial Services said its board of directors has appointed Michael G. Rhodes chief executive and president. Rhodes, who will take office on or before March 6, succeeds interim CEO and president John Owen, who will continue as a Discover board member. Rhodes comes to Discover from TD Bank, where he was …
• 12 December

  Eye On BNPL: Affirm Teams Up With Blackhawk Network; Splitit Delists Upon Its Latest Cash Infusion

  

  BNPL providers are expanding the utility of the payment option by enabling consumers to finance gift card purchases. BNPL provider Affirm Holdings Inc. announced Tuesday it is partnering with prepaid card platform provider Blackhawk Network Holdings Inc. to allow consumers to purchase digital gift cards on Affirm.com or in the …
• 11 December

  Holiday Sales on Cards Are Off to a Healthy Start, the NRF Says

  

  Holiday sales were robust in November, giving merchants reason to be optimistic about overall spending for the holiday shopping season, according to the National Retail Federation. Total retail sales in November, excluding automobiles and gasoline, rose 0.77% month-over-month on a seasonally adjusted basis, and 4.24% on an unadjusted basis year-over-year,  …
• 11 December

  FreedomPay Adds CitiPay And Other Digital Transactions News briefs from 12/11/23

  

  Payments platform FreedomPay has agreed to offer Citi Pay, a provider of point-of-sale financing and a unit of Citi Retail Services, to its merchant clients. Payment processor 100Group announced an expansion in motorsports with an agreement to process transactions for Tony Stewart Racing. SimplePin Inc., a payments platform specializing in the insurance industry, has …
• 7 December

  As International Travel Rebounds, Citcon Works With Alipay to Bring Alipay+ to U.S. Merchants

  

  E-commerce wallet-technology provider Citcon USA LLC has partnered with Alipay to enable merchants in the United States to accept e-wallet payments from international travelers through the Alipay+ platform. Alipay+ is a cross-border mobile-payment platform that enables consumers traveling abroad to make purchases using a chosen payment method.  The partnership marks …
• 7 December

  SoundHound’s $25 Million Acquisition And Other Digital Transactions News briefs from 12/7/23

  

  SoundHound AI Inc. said it will acquire SYNQ3 Restaurant Solutions, a voice artificial intelligence and technology provider for restaurants, in a deal valued at $25 million. Once completed, the deal will extend SoundHound’s services to 10,000 locations and more than 25 national and multinational chains. The deal is expected to close …
• 6 December

  Pidgin Partners With Modern Banking Systems to Bring Real-Time Payments to Small Banks

  

  Payments-platform provider Pidgin Inc. will work with Modern Banking Systems, a provider of core bank-processing technology, in an effort to bring real-time payments capability to community banks. Pidgin’s platform supports real-time processing through multiple payment rails, including FedNow and The Clearing House Payments Co.’s Real-Time Payments network. The deal was …
• 6 December

  KyckGlobal’s Cash Bill-Pay Option And Other Digital Transactions News briefs from 12/6/23

  

  Exceleron, a payments service for utility companies, said it is working with payments platform KyckGlobal to allow persons to pay a utility bill with cash at certain ATMs. Dash Solutions acquired KyckGlobal in August. Payments and loyalty platform Givex announced an integration with Uber Direct to enable merchants to add on-demand delivery service to …