Digital Transactions Authoritative, insightful and timely information for payments professionals
Checkout is gaining a higher profile in payments, and that’s influencing customer retention as well as a merchant’s ability to attract new customers, says a new study from Paysafe Ltd. That means modernizing checkout needs to be at the top of brick-and-mortar merchants’ to-do list in 2023, the study adds. …
January, 2023
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11 January
Del Taco Is the Latest QSR Chain to Roll Out Presto’s AI-Based Ordering System
Mexican quick-service restaurant chain Del Taco LLC is rolling out an artificial intelligence-based voice-ordering system from Presto Automation Inc. The new system is expected to fully automate orders placed at the drive-thru window, dramatically reducing the need for drive-thru staff to take orders. Lake Forest, Calif.-based Del Taco, which has …
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11 January
Card Spending up 5.9% in 2022 And Other Digital Transactions News briefs from 1/11/23
Total card spending per household was up 5.9% year-over-year in 2022, according to new data from the Bank of America Institute. Kubra, which provides a payment network enabling consumers to pay bills with cash at retailers, said retailer Rite Aid joined its network, the 19th to do so. Blaze, a point-of-sale …
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10 January
Working With Toast, SoundHound Enables Voice Ordering Over the Phone for Restaurants
Toast Inc. has partnered with SoundHound AI Inc. to add voice ordering over the phone to its point-of-sale system. The addition of SoundHound’s voice-ordering software will enable restaurants using Toast’s POS system to accept voice orders over the phone and transmit the order directly to Toast’s platform. This integration, which …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
