Point-of-sale

May, 2023

• 3 May

  NRS Reports Big Growth in Same-Store Sales; Brookshire Grocery Rolls Out NCR POS

  

  National Retail Solutions Inc., a provider of point-of-sale technology to independent retailers, reported same-store sales in April among retailers in its network grew 6.5% compared to the same period a year earlier. The increase was a significant jump from the 0.1% increase in same-store sales in March, compared to a …
• 3 May

  Western Union Views Visa+ as Complement

  

  The Western Union Co. says its decision to join the early set of providers in Visa Inc.’s interoperable peer-to-peer payments service called Visa+ reflects its business. Visa+ allows users to move payments between rival peer-to-peer payments networks. The pilot, set to launch later this year, will begin with transfers between …
• 3 May

  Deluxe and Echo Form DPX Payments And Other Digital Transactions News briefs from 5/3/23

  

  Deluxe Corp. said it and Echo Health Inc. have formed a joint venture called DPX Payments to provide payables services to the middle-market and will offer a disbursements platform. ACI Worldwide Inc. said its 2023 Prime Time for Real-Time Payments report found the Middle East as the fastest-growing region for real-time payments globally, …
• 2 May

  Rev Worldwide Closes Netspend Deal And Other Digital Transactions News briefs from 5/1/23

  

  Working with Searchlight Capital Partners, payments provider Rev Worldwide closed on its $1-billion all-cash acquisition of the Netspend consumer business from Global Payments Inc. Netspend is a specialist in prepaid and debit cards for more than 100,000 retail locations. Payments provider Finix Payments Inc. said it is now a payment processor, having completed direct connections to …
• 1 May

  Amazon Offers Richer Rewards For its Cobranded Visa Cards

  

  Amazon.com Inc. has beefed up the rewards for its Visa-branded cards issued by Chase, in response to cardholder’s desire for travel-related perks and the ability to earn more rewards for day-to-day expenses, such as commuting. Additionally, Amazon is allowing cardholders to redeem rewards daily and has rebranded its cards. Prime …
• 1 May

  Global Payments Looks for Big Results From EVO As Long-Time CEO Sloan Prepares to Leave

  

  The big processor Global Payments Inc. on Monday morning announced upbeat first-quarter results but also said its chief executive, Jeff Sloan, is departing after nine years in the role. Sloan, who will leave Global Payments June 1 and will be succeeded by long-time president and chief operating officer Cameron Bready, …
• 1 May

  TreviPay Marks Spryker Integration And Other Digital Transactions News briefs from 5/1/23

  

  Business-to-business payments specialist TreviPay said it will integrate its services with Spryker, a commerce platform for enterprise businesses. Chargeback resolution provider Chargebacks911 issued a plea for “regulatory discretion” as the financial technology industry develops. In April, Chargebacks911 was accused by the Federal Trade Commission and the Florida attorney general of allegedly using multiple techniques …

April, 2023

• 28 April

  The Addition of Citi Flex Pay To Amazon Pay Could Be a Winner For Amazon and Citibank

  

  Amazon.com Inc.’s deal with Citibank N.A. to add Citi Flex Pay, the card issuer’s installment-loan program, to its Amazon Pay digital wallet is expected to pay big dividends for both parties. By adding Citi Flex Pay, Amazon Pay will gain access to one of the largest cardholder bases in the …
• 28 April

  How Tighter Money And Longer Diligence Have Slowed a Once ‘Frothy’ M&A Market

  

  A sort of disequilibrium has set in in payments mergers and acquisitions, leading to fewer deals and stretched out times to conclude the deals that do close, according to M&A experts who spoke this week at the Electronic Transactions Association’s Transact conference in Atlanta. The new dispensation contrasts sharply with …
• 27 April

  ‘We’re Well-Positioned’ for FedNow, Says Mastercard’s CEO

  

  The impending arrival of a commercial real-time payments service from no less an entity than the Federal Reserve will be a major event, but one Mastercard Inc.’s top brass says the card company will take in stride. “We’ll have to wait and see how it plays out, we’re well-positioned,” Michael …