Point-of-sale

January, 2023

• 26 January

  Mobile Wallet Usage Is Up, But Many Consumers Still Prefer to Pay With Plastic

  

  Consumer adoption of mobile wallets may be growing, but a lot of consumers still prefer to pay using a physical card, a report from J.D. Power finds. The report, which surveyed 3,588 retail-bank customers nationwide between the first quarter of 2021 and third quarter of 2022, found that 49% of …
• 26 January

  Mastercard Celebrates Pay by Bank And Its ‘Multi-Rail Strategy’ As It Records Its ’22 Results

  

  Mastercard Inc. has made some big news in recent months, but you wouldn’t know all of it from the company’s conference call early Thursday to discuss its fourth-quarter 2022 and full-year results. Mastercard celebrated recently concluded major deals that make the global payments company the exclusive provider of debit branding …
• 26 January

  Netevia Banking To Debut And Other Digital Transactions News briefs from 1/26/23

  

  Payments and financial services provider Netevia said it will launch in February Netevia Banking, a banking service for small businesses that includes virtual cards, same-day access to funds, connectivity to Netevia’s underwriting team, and a two-hour approval window. Netevia Banking will be available to independent sales organizations for resale. GE HealthCare will …
• 25 January

  Data Breaches in 2022 Hit a Near Record High As Notices Increasingly Omit Information

  

  Data breaches remained at near record levels in 2022, according to the Identity Theft Resource Center’s annual data breach report. The number of breaches totaled 1,802 last year, just 60 short of the all-time high recorded in 2021, making the total number of breaches in 2022 the second-highest on record. …
• 25 January

  Eye on Money Transfer: MoneyGram Harnesses a Messaging App; Grupo Coppel’s U.S. App

  

  Money-transfer firms are looking for new ways to leverage their extensive international networks, with the latest development emerging early Wednesday as MoneyGram international Inc. announced it is opening its system to BOTIM, a voice-over-Internet protocol (VOIP) provider with 90 million users in the Middle East and Africa. The deal, which …
• 25 January

  Nuvei Lands L.A. Processor And Other Digital Transactions News briefs from 1/25/23

  

  The Colombia-based payments processor Redeban has adopted payments-technology provider Nuvei Corp.’s Nuvei for Payments embedded-payments platform. Nuvei earlier this month agreed to acquire payments provider Paya Holdings Inc. in a deal valued at $1.3 billion. Wafi Inc. launched Wafi.cash, a payment processing platform for e-commerce transactions that purports to eliminate redundant entities in the payment …
• 24 January

  Debit Cards Are Most Popular for Subscription Payments, a Recurly Report Says

  

  The most popular payment method for funding subscription payments is a debit card, with the checking account-connected option being used for 52.9% of global subscription payments. Subscription platform Recurly Inc. released this and other data in its “2023 State of Subscriptions” report Tuesday. The second most popular option was credit …
• 23 January

  Dealer Pay Enhances Its POS Platform To Enable Better Customer Experience for Auto Dealerships

  

  Dealer Pay, a provider of point-of-sale technology to franchise and independent auto dealers, has updated its platform with several new features intended to deliver a better customer experience. Dealer Pay’s “send payment request” features enable dealers to collect payments directly from the customer via text messaging or email. Dealers can …
• 23 January

  Marqeta’s & Deloitte’s Payments Plan Other Digital Transactions News briefs from 1/23/23

  

  Payments fintech Marqeta Inc. said it has entered a strategic alliance with consulting firm Deloitte to help banks, fintechs, and payments providers quicken the pace of payments modernization. Grazzy, an app provider for same-day earnings and other employee payments, announced a $4.25-million seed funding round from Next Coast Ventures and Tuesday Capital. …
• 20 January

  Inflation Woes Cause Bill Payment Worry Among 86% of Consumers, doxo Finds

  

  As costs continue to increase across the country, many Americans worry about their bill-payment obligations, with 86% concerned about the inflationary impact, found a new survey from doxo, a bill-payment services company. In the report, “The Impact of Inflation on Paying Household Bills in the New Year,” doxo found that …