Point-of-sale

October, 2021

• 6 October

  Retail Spending Increased 5.4% and other Digital Transactions News briefs from 10/6/21

  

  Retail spending, except for automotive and gas, increased 5.4% in September year-over-year, Mastercard Inc. said in its latest SpendingPulse report. E-commerce sales were up 11.5% over last year for the same period.Sila Inc., a fintech software platform, has combined forces with Arcus Inc., a payments-technology firm, to allow businesses to make payments …
• 5 October

  Datacap Systems Teams Up With iStream to Process ACH Payments Through a Datacap API

  

  Payments provider Datacap Systems Inc. is partnering with iStream Financial Services to add support for automated clearing house payments processing through Datacap’s NETePay payments platform and using Datacap’s PayAPI application programming interface. Datacap acquired the NETePay hosted payment gateway from Octopi (formerly Monetary.co) in 2019. The deal with iStream will enable …
• 5 October

  A New Report From Accenture And Afterpay Casts Light on How Fast BNPL Is Taking Hold

  

  On-the-spot installment lending, known now as buy now, pay later, has achieved such a high profile since the onset of the pandemic last year that observers are starting to calculate just how much consumer spending it’s accounting for—and how much risk it might pose for consumers and lenders. A report …
• 5 October

  E-Commerce App Installs Soar and other Digital Transactions News briefs from 10/5/21

  

  AppsFlyer, a marketing measurement platform, said e-commerce retail app installations increased 55% on Android devices and 32% on iOS devices in 2021 in its latest “State of eCommerce App Marketing” report. In-app spending is up 35% and could increase to 42% by November.Payments-technology provider GK Software said it has completed an installation …
• 4 October

  More Than One-Quarter of Surveyed BNPL Users Have Missed at Least One Payment

  

  As the popularity of buy now, pay later services accelerates, potential problems do, too. Evidence of that has emerged in new research that finds 14% of BNPL users missed a payment once, and 12% missed a payment more than once, according to a new report from Piplsay, a consumer-research firm. …
• 4 October

  Google Drops Bank Account Ambitions and other Digital Transactions News briefs from 10/4/21

  

  Google, a unit of Alphabet Inc., dropped its plans to offer banking services to consumers, The Wall Street Journal reported late Friday. Google announced in November it intended to debut Plex, a mobile-first bank account integrated into Google Pay.Payments provider Park Place Payments said it will pay $500 to clients that drop the service within the …
• 1 October

  What Can Payments Execs Expect From Chopra’s CFPB? ‘Very Aggressive Regulating,’ Say Some

  

  Payments observers are expecting a tougher regulatory approach from the Consumer Financial Protection Bureau with the confirmation on Thursday of Rohit Chopra as executive director of the 10-year old federal agency. “The agency will likely return to the days of director Cordray,” predicts one close observer who asked not to …
• 1 October

  Payroc Adds Installment Payments Service and other Digital Transactions News briefs from 10/1/21

  

  Payments provider Payroc LLC announced a deal with PayTomorrow that will enable merchants, especially those selling high-ticket durable goods, to offer installment payments in stores, online, and via phone.Zuza LLC said it is providing its BloomPOS system to Payroc. Aimed at salons, spas, and gyms, the technology enables such functions as appointment scheduling …
• 1 October

  COMMENTARY: The Holidays Are Coming, But Transaction Fraud Doesn’t Take Holidays

  

  Since the global pandemic turned the world upside down, millions of consumers have taken their in-person shopping habits online. Fraudsters have noticed this shift in consumer shopping behavior and are capitalizing on it by trolling and exploring vulnerabilities throughout users’ entire online shopping journeys. While the holidays may seem far …

September, 2021

• 30 September

  Account Takeover Attacks Are Taking a Toll on Financial Services Firms, Sift Reports

  

  Financial-services firms, and fintechs particularly, have been swamped with account-takeover attacks over the past year, leaving many consumers wary of visiting these sites, according to a report issued Thursday by Sift Science Inc. Indeed, the volume of account-takeover attacks overall more than tripled between the second quarter of 2019 and …