Point-of-sale

July, 2023

• 18 July

  Consumers Want Simpler, Omnichannel Shopping and Payment Experiences, Fiserv Says

  

  From ordering and payments to reward redemption consumers want a simpler shopping experience, according to research from Fiserv Inc. To meet demand, merchants and restaurants should provide more omnichannel experiences, retailer apps, and embedded payment options that add value. Buy online, pick up in store (BOPIS) is one way merchants …
• 18 July

  Nuvei Expands Plaid Deal And Other Digital Transactions News briefs from 7/18/23

  

  Payments provider Nuvei Corp. and open-banking specialist Plaid Inc. expanded their relationship to include new services, including bank-based payments for recurring payments and payouts, and new vertical markets, including utilities and business-to-business transfers. Synchrony said its Synchrony Pay Later service will be the exclusive buy now, pay later option at the At Home …
• 17 July

  Eye on ISOs: Shift4 Adds to Its Sports Team Portfolio; PayBright Launches a Point-of-Sale Desk

  

  Shift4 Payments Inc. continues to assert its position as a leading processor for sports teams and arenas. The Allentown, Pa.-based company announced Monday it will process ticket sales for the Florida Panthers of the National Hockey League through a partnership with SeatGeek, the Panthers’ mobile-based ticketing platform provider. The deal …
• 17 July

  Chopra in Talks with EC Counterpart And Other Digital Transactions News briefs from 7/17/23

  

  The Consumer Financial Protection Bureau said informal discussions between Rohit Chopra, CFPB director, and Didier Reynders, commissioner for Justice and Consumer Protection of the European Commission, have started on a range of financial consumer protection matters, including the deployment of AI in decision making, BNPL products and their risks, consumer debt issues, …
• 14 July

  Olo Adds Kiosk Payments And Other Features for Restaurants

  

  Olo Inc., a software-as-a-service platform provider for restaurants, rolled out several enhancements, including the ability for customers to place orders and pay for them using the Olo Pay application at in-restaurant kiosks. Enabling in-restaurant payments at kiosks marks the first availability of card-present payment processing through Olo Pay. Olo developed …
• 14 July

  Commentary: Five Years of Open Banking: Embracing a New Path Forward

  

  Open banking, the system enabling seamless sharing of financial data via application programming interfaces between banks and third-party service providers, has captured global attention over the past several years. In 2018, the Second Payment Services Directive (PSD2) marked the official open-banking era by mandating data sharing in Europe. This milestone paved …
• 13 July

  Financial Services Is the Most Targeted Industry in Phishing Attacks

  

  Financial services was the most impersonated industry by criminals launching phishing attacks during the first half of 2023, according to a report from cybersecurity firm Vade. Financial services accounted for more than 33% of all phishing URLs, followed by the social media (22%) and cloud (21%) industries. Phishing is the …
• 13 July

  A Regional Fed Official Sees FedNow Consolidating Networks And Adding P2P

  

  With the Federal Reserve’s rollout of the FedNow real-time payments service expected by the end of the month, a regional Federal Reserve Bank official on Wednesday outlined a roadmap for the new network that includes network interoperability, the possible addition of peer-to-peer payments, and, overall, the prospect of fewer payment …
• 13 July

  SoundExchange Adds PayPal, Venmo And Other Digital Transactions News briefs from 7/13/23

  

  Music-technology provider SoundExchange announced it is adding PayPal and Venmo as options for royalty payments to registered creators. The two payments channels join CashApp and Zelle as payout options on the platform. Tulip, a point-of-sale technology provider for retailers, said it will incorporate payments services from Stripe Inc. Dollar General announced DG Cash …
• 12 July

  Early 2023 Data Breach Volumes Surpass Most Recent Full Years

  

  As digitalization of payments information continues to permeate society, the allure of getting a hold of that data illicitly is unabated. Already, for the first half of 2023, the number of U.S. data compromises is higher than the total compromises for every full year between 2005 and 2020, except for …