Point-of-sale

February, 2023

• 8 February

  Visa Rolls Out Incentives for Small Businesses To Use Its Business Card And Accept Digital Payments

  

  Seeking to entice small businesses to pay for purchases using their Visa business card, Visa Inc. on Wednesday launched Visa SavingsEdge, a program that rewards small businesses that have Visa business cards with savings and discounts on business-related services from about 60 merchants. The rewards and incentives include everyday savings …
• 8 February

  The Potential to Choose Foreign Networks Worries Backers of Credit Card Choice

  

  A bill designed to allow merchants to have a choice of networks for routing credit card transactions failed to pass last year, but now international tensions could affect the proposed law’s prospects in the new Congress. The bill, called the Credit Card Competition Act, would mandate that merchants have a …
• 8 February

  What Drives Cart Abandonment And Other Digital Transactions News briefs from 2/8/23

  

  Cost surprises at checkout are the leading cause of cart abandonment, with 57% of consumers saying they walked away from checkout at least once in the past year because of unexpected delivery costs, according to a wide-ranging shopping report released by point-of-sale technology provider Verifone Inc., which surveyed 995 respondents globally. Price …
• 7 February

  Fiserv “Is Better Than the Sum of Its Parts,” Its CEO Says As It Finishes ‘22 With Double-Digit Growth

  

  Merchant acceptance, payments, and network and financial technology were the key pillars propelling Fiserv Inc.’s better -than-expected organic growth during the fourth quarter and for fiscal year 2022. Organic revenue growth—growth apart from recent acquisitions—for the three core segments of Fiserv’s business increased 17%, 9%, and 5%, respectively, compared to …
• 7 February

  Real-Time Payments Tee up in Separate Sionic And Oracle Offerings

  

  Real-time payments are getting more attention in financial services, and vendors are quickly enabling the faster-payment capability. Among the latest to do so is Sionic Corp., with its suite of services that includes its Verified Rapid Payments, and Oracle Corp., with a new set of cloud-based banking services. Atlanta-based Sionic …
• 6 February

  The U.S. Payments Forum Releases a Paper to Help Boost Sellers’ Adoption of PINless Debit

  

  Seeking to improve merchant adoption of PINless debit transactions, the U.S. Payments Forum Monday released a white paper detailing the potential obstacles to PINless debit implementation in the United States and how they can be overcome. One advantage of PINless debit transactions is that they can be processed faster than PIN-based debit transactions, …
• 3 February

  Sightline Brands Its Proprietary Gaming Card With Visa

  

  With sports betting and casino gambling steadily gaining prominence as a payments market, payment processors are increasingly jumping on the opportunities the market presents. In the latest development, gaming-payments specialist Sightline Payments said it will offer its Play+ card, which has attracted 1.5 million users so far, as a Visa-branded …
• 3 February

  Amazon’s 2022 Performance And Other Digital Transactions News briefs from 2/3/23

  

  Amazon.com Inc. reported net sales of $514 billion for 2022, up 9% over 2021, excluding an impact from changes in foreign-exchange rates. Sales in the North American market grew 13% over 2021, to $315.9 billion. The company recorded an operating loss of $2.8 billion in North America, swinging from a positive …
• 2 February

  As Sellers’ Fees Rise, Satisfaction With Merchant Service Providers Declines, J.D. Power Finds

  

  Merchant satisfaction with payment processors has dwindled in the past year, as sellers cope with the impact of inflation on their processing costs as well as on their business in general, according to J.D. Power’s 2023 U.S. Merchant Services Satisfaction Study. The merchant satisfaction score for merchant-services providers totaled 853, …
• 2 February

  Zelle for Small Business And Other Digital Transactions News briefs from 2/2/23

  

  Citizens Financial Group Inc. has launched the Zelle peer-to-peer payments service for the bank’s small-business customers. U.S.-based Clickatell said it has deployed its Chat 2 Pay service with a pay-by-link capability for FlySafair, a South African airline for mobile payments via’s FlySafair’s WhatsApp channel. Payments provider Lightspeed Commerce Inc. announced it processed $22.4 billion in volume for …