Point-of-sale

February, 2023

• 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 …
• 1 February

  Ingenico Adopts Splitit BNPL And Other Digital Transactions News briefs from 2/1/23

  

  Point-of-sale technology provider Ingenico is working with buy now, pay later specialist Splitit to offer BNPL at the physical checkout using Ingenico’s payments-platform-as-a-service technology. Block Inc.’s Afterpay buy now, pay later service said it will enable access for users to New York Fashion Week beginning Feb. 11 and running for four days. Afterpay is …

January, 2023

• 31 January

  CFPB’s Hot Buttons And Other Digital Transactions News briefs from 1/31/23

  

  Banking and payments professionals should watch for action from the Consumer Financial Protection Bureau on key areas such as open banking, credit card late fees, fintech partnerships, and buy now, pay later plans, warns Strategic Resource Management, a consulting firm. American Express Co. released its American Express Business Blueprint, a digital cash flow management service …
• 30 January

  Justice Wants More Info From Visa on its Debit Practices

  

  The U.S. Department of Justice wants more information from Visa Inc. on its U.S. debit practices, a continuation of an investigation originally started in 2021. Visa disclosed the request in a Jan. 27 U.S. Securities and Exchange Commission filing and said the Justice Department’s Antitrust Division made the request on …
• 30 January

  Gr4vy’s Tokenization Move And Other Digital Transactions News briefs from 1/30/23

  

  Gr4vy Inc., a payments-technology provider, has integrated network-tokenization services from Giesecke+Devrient GmbH into its platform in a move expected to improve authorization rates and cut transaction costs. Owlin, an artificial-intelligence technology developer, launched Owlin for KYC, said to be one platform to screen merchants and to ease onboarding, monitoring, and …