Point-of-sale

December, 2022

• 23 December

  U.S. BNPL Forecasted To Reach $6.5 Billion In 5 Years And Other Digital Transactions News briefs from 12/23/22

  

  The volume of buy now, pay later loans in the U.S. market will total $1.92 billion this year, up 25% from $1.54 billion in 2021, according to research from Research and Markets. The report projects the market will hit $6.5 billion by 2027.
• 22 December

  Consumers’ Ailing Financial Health Could Cast a Shadow Over the Holiday Shopping Season

  

  As the holiday shopping season heads into the home stretch, consumer concerns over withered buying power due to inflation is expected to tamp down overall spending, according to J.D. Power’s Banking and Payments Intelligence Report. In a November survey of 4,000 retail bank customers nationwide, 40% said they expect to …
• 22 December

  Payments Veteran Bisignano Signs on As Fiserv Chairman and CEO for Another Five Years

  Long-time payments executive Frank Bisignano, who has guided payments giant Fiserv Inc. through a tumultuous time in the payments industry, has signed on to lead the company for another five years. Bisignano became chairman of the Brookfield, Wis.-based company in May, following his appointment as chief executive in July 2020. …
• 22 December

  Crime Ring Targets Online Retailers And Other Digital Transactions News briefs from 12/22/22

  

  A fraud ring that appears to be based in Southeast Asia is targeting U.S. retailers and has already committed an estimated $660 million in fraud in stolen laptops, cell phones, computer chips, gaming devices, and other goods just in November, said Signifyd, an online-fraud prevention firm. Signifyd said it has been tracking …
• 21 December

  Paya Partners With 1Retail to Bring Integrated Payments to Small Businesses

  

  Payments provider Paya Inc. has agreed to supply point-of-sale systems supplier 1Retail with technology that enables EMV contactless and stored payments in enterprise resource planning (ERP) software from Acumatica Cloud. The deal provides Paya’s and 1Retail’s mutual customers running the Acumatica ERP platform with a POS system that works in …
• 20 December

  Worldline Adds Splitit as a BNPL Option for Merchants

  

  Global processor Worldline S.A. will make Splitit, a white-label buy now, pay later provider, available to its roster of merchants and marketplaces, starting first in North America. Announced Tuesday, the integration will enable Worldline merchants to offer card-based installment payments within the existing checkout flow. Merchants can use their brand …
• 19 December

  COMMENTARY: Apple Pay Later Is Set to Trigger a Domino Effect in the BNPL World

  

  The interest in buy now, pay later (BNPL) skyrocketed in 2021 and 2022: Millions of people have turned to this installment-payment solution for its convenience, flexibility, and simplicity. So it’s no surprise that Apple announced its new BNPL product, Apple Pay Later, in June. With its new financial service, the …
• 16 December

  Mobile Fuel Service EzFill Adds a One-Time Payment Service

  

  EzFill Holdings Inc.’s specialty is sending one of its mobile fuel trucks to a driver’s location, thus eliminating the hassle to the driver of having to get to a gas station to fill up the car or a fleet of vehicles. Now, EzFill has launched a new one-time payment service …
• 16 December

  Dealer Pay Joins CDK Program And Other Digital Transactions News briefs from 12/16/22

  

  Dealer Pay, a provider of point-of-sale payment acceptance for auto and truck dealerships, said it has joined the CDK Global Partner Program, which features applications and integrations for automotive dealers. Mastercard Inc. is working with the U.S. International Development Finance Corporation to help support financial institutions and businesses that work with …
• 15 December

  An FIS Board Shakeup Arrives As the Processor Begins a Wholesale Company Review

  

  FIS Inc., one of the world’s largest payment processors, is undergoing more changes at the top. Jacksonville, Fla.-based FIS will replace its existing board structure, where Gary A. Norcross, chief executive, also was board chairman, with an independent director as the chair beginning Dec. 16. Replacing him as chairman is …