Point-of-sale

March, 2023

• 28 March

  Wait No More: Apple Pay Later Arrives a Bit Late

  

  Apple Inc.’s newest financial product, a buy now, pay later service called Apple Pay Later, has finally arrived. Launched Tuesday, Apple Pay Later was announced in June, but only now is it being made available, and just to a limited set of Apple Pay users. Apple says it will offer broader …
• 28 March

  Eye on POS: Ingenico Acquires a Smart Phone Payments Developer; Verifone’s Partner Program

  

  Point-of-sale terminal and payment software provider Ingenico on Tuesday announced it has acquired Phos, a developer of specialty software that enables smart phones and tablets to function as payment terminals. Ingenico said in a statement that Phos is a “premier player” in the fast-evolving software for the POS (softPOS) market …
• 28 March

  ID Fraud Losses Fell 17% And Other Digital Transactions News briefs from 3/28/23

  

  Losses to identity fraud fell 17% last year, to $43 billion, compared to 2021, thanks to beefed-up prevention at banks and credit unions and more active outreach by consumer-advocacy groups, according to the 20th edition of Javelin Strategy & Research’s Identity Fraud Study. Payments provider Paysafe said Greyhound Lines Inc. will use the Paysafecash …
• 27 March

  Eye on Commerce: 81% of Consumers Want ‘Just for Me’ Shopping; Newegg Adopts ChatGPT

  

  What’s the future of shopping going to be like? If consumers have their way, it will be more personalized and convenient, found the “Future of Shopping” report from Synchrony. And online retailer Newegg Commerce Inc. is incorporating artificial intelligence tool ChatGPT into its shopping protocols. With increased sophistication in personalization, …
• 23 March

  A2A Payments A Growing Force In Payments

  

  Account-to-account payments is becoming a growing force in the payments landscape, totaling $525 billion in global e-commerce transaction value in 2022, up from $463 billion in 2021, a 13% increase, according to the FIS Global Payments Report 2023. The volume was funneled through about 70 real-time payment schemes providing high-speed …
• 23 March

  COMMENTARY: Gun Sales Can Be Tracked, But MCC Codes Are the Wrong Tool for the Job

  

  Plenty of attention has been given recently to the tracking of gun sales, with no lack of argument for and against. This article lies outside of any market motives or political opinions. It speaks only to the underlying mechanism of tracking purchases. As an engineer and a pragmatist, I can …
• 23 March

  The FTC’s ‘Click to Cancel’ Button And Other Digital Transactions News briefs from 3/23/23

  

  The Federal Trade Commission issued a proposed rule that would require sellers to offer a “click to cancel” button that customers could use to more easily stop subscriptions and recurring payments. A global survey on cross-border payments found 29% of mid-size and large U.S. businesses cite high transaction cost as a challenge, …
• 22 March

  Panera Bread Rolls Out the Amazon One Biometric Tech in Select Locations

  

  Panera Bread on Wednesday announced it is adopting Amazon One, Amazon.com Inc.’s biometric-payment technology, at select locations in the St. Louis area. The deployment of Amazon One, which links a customer’s payment card to his or her palm print, is expected to make it easier for Panera customers to access …
• 22 March

  Familiar Names Grace the Upper Reaches of the Latest Strawhecker Merchant Acquirer Directory

  

  No surprise, the top merchant acquirer by payment volume remains JPMorgan Chase & Co., according to the 2023 edition of Directory of U.S. Merchant Acquirers from TSG, formerly known as The Strawhecker Group. With volume of $2.15 trillion, Chase retained the top spot last year that it has held since …
• 22 March

  Tassat Preps for FedNow And Other Digital Transactions News briefs from 3/22/23

  

  Tassat Group Inc., a provider of real-time business-to-business payments based on blockchain technology, said its client-facing application programming interface enables an “on-ramp” to FedNow, the Federal Reserve’s real-time payments service, which is expected to begin commercial service in July. Liquidity Financial launched CauseCard, a Visa-branded debit card with a connected app …