Point-of-sale

January, 2023

• 10 January

  POS Provider Tulip Enlists Apple’s Tap to Pay on iPhone Via Adyen

  

  Apple Inc.’s Tap to Pay on iPhone has lined up another point-of-sale system supporter. Tulip, a point-of-sale system maker for omnichannel and enterprise merchants, now supports the contactless payment technology via an integration with processor Adyen NV. Announced Tuesday, the integration means Tulip merchants can use iPhones to accept payments …
• 10 January

  Markt POS’s Cloud Payments Service And Other Digital Transactions News briefs from 1/10/23

  

  A technology company called Markt POS announced what it says is the first cloud-based software to handle payments and other functions exclusively for small and medium-size grocery and specialty stores. The company says more than 300 stores have signed up for the product. Iowa-based payments provider VizyPay said it has processed more than $4 …
• 9 January

  Seeking to Be a Business Solution Provider, ISO Newtek Closes on National Bank of New York City,

  

  Newtek Business Services Corp., a provider of loans, merchant processing, and other services for small businesses, has completed its acquisition of National Bank of New York City. The acquisition agreement, which Newtek entered into in 2021, was subject to approval by the Office of the Comptroller of the Currency. The …
• 9 January

  Processor Consolidation Takes a Big Step With Nuvei’s $1.3 Billion Bid for Paya

  

  Nine days into 2023, the ongoing wave of processor consolidation rolled further with the announcement early Monday that Nuvei Corp. has agreed to acquire Atlanta-based processor Paya Holdings Inc. in a deal valued at $1.3 billion. The transaction would bring to Montreal-based Nuvei a processor with deep roots in payments …
• 6 January

  Ordeno Enters the Restaurant POS Fray With a ‘Better Monetization of the Table’

  

  Ordeno has become the latest player to jump into the highly competitive restaurant POS market with the launch of the Ordeno app. The company expects to differentiate its app from those of competitors by providing what it bills as a richer list of services that includes the ability to access …
• 6 January

  Fleetcor Closes on Global Reach Acquisition And Other Digital Transactions News briefs from 1/6/23

  

  Payments platform Fleetcor Technologies Inc. has closed on its acquisition of Global Reach Group, a United Kingdom-based provider of cross-border payments. Terms of the deal, which was announced in June, were not released. Ionia, a provider of embedded-payments technology, has joined Visa Inc.’s Fast Track Program, a service enabling fintechs to tap …
• 5 January

  What’s in ACI’s Future? And Other Digital Transactions News briefs from 1/5/23

  

  ACI Worldwide Inc.’s shares finished up 13% to $26.11 on Wednesday as Bloomberg reported the payments company is talking to private-equity players about a possible sale. Payments processor Computer Services Inc. said it is working with Microsoft to rebuild its technology on Azure, Microsoft’s cloud-services platform. CardWorks Servicing LLC, a unit of CardWorks …
• 4 January

  As Stadium Pay Heats up, Cheq Expands Its Platform in South Florida

  

  Cheq Inc. is expanding its footprint in the highly competitive stadium-payment space by adding restaurants, bars, hotels and stadiums to its roster of merchants in South Florida. The expansion comes on the heels of Cheq’s deal in 2022 with the Miami Dolphins of the National Football League to be the …
• 4 January

  ID Theft Hits Black Victims’ Wallets Especially Hard, New Research Says

  

  Identity theft is a national scourge, but initial research findings released early Wednesday indicate that scourge impacts Black victims far more than it does other segments of the U.S. population. The impact can be measured by the dollar losses ID theft victims suffer, according to the report. In one example …
• 4 January

  Ackroo’s Simpliconnect Deal And Other Digital Transactions News briefs from 1/4/23

  

  Ackroo Inc., a point-of-sale marketing and payments platform, said it has closed on its acquisition of Simpliconnect, a cloud-based marketing service for service stations and convenience stores. Under the terms of the deal, Ackroo paid $750,000 at the close and will make six monthly cash payments of $125,000 starting July …