Point-of-sale

February, 2021

• 5 February

  Merchant Gripes Concern Fees And Onboarding More Than Technology, J.D. Power Finds

  

  Against the backdrop of an overall decline in small businesses’ satisfaction with payment processors, Square Inc. ranks highest with a score of 857 out of 1,000, according to the J.D. Power 2021 U.S. Merchant Services Satisfaction Study. PayPal Holdings Inc. comes in second with a score of 852, with Bank of America Merchant …
• 5 February

  Eye on Earnings: USA Technologies And Fleetcor Look for a Near-Term Rebound

  

  With the coronavirus pandemic having reduced traffic to vending machines and other unattended retail devices, USA Technologies Inc. on Thursday reported quarterly results that included drops in both machine connections and revenue. But chief executive Sean Feeney sought to reassure investors that better days will arrive soon.  “While the rebound …
• 5 February

  Western States Acquirers Names 2021 Leaders and other Digital Transactions News briefs from 2/5/21

  

  The Western States Acquirers Association announced two new board members, Amanda Beam of Humboldt Merchant Services and Glenn Smith of NCR Corp. Also, Scott DeFazio, Fiserv Inc., was elected secretary for 2021 and Jason Putnam, The Independent Bankers Bank N.A., Deborah Camm, SafraPay, and Lane Connor, Fuzse, were reelected as president, vice …
• 4 February

  Lightspeed’s Revenue Jumps 79% and other Digital Transactions News briefs from 2/4/21

  

  Payments provider Lightspeed POS Inc. reported total revenue of $57.6 million for the quarter ended Dec. 31, up 79% year-over-year. Revenue was $49.3 when excluding the recent acquisitions of payments providers ShopKeep and Upserve. The company’s merchant base grew 74% year-over-year to 115,000, or 84,000 excluding the acquisitions, up from 66,000.Fiserv Inc. and the Inclusive Innovation …
• 3 February

  PayPal Registered a Record Year in 2020 And Looks for an Even Bigger 2021

  

  Buoyed by an explosion of e-commerce activity following the onset of Covid-19, PayPal Holdings Inc. last year enjoyed what turned out to be a record year for growth. Now, it looks to roll out a flurry of new services. “We released more products and services in 2020 than in any …
• 3 February

  Eye on Crypto: First Boulevard To Test Visa Crypto API and Uphold To Issue Crypto-Enabled Cards

  

  Neobank First Boulevard will test a suite of crypto application programming interface tools as part of Visa Inc.’s digital-currency strategy, Visa announced Wednesday. And Uphold Inc., a platform for digital wallets and cryptocurrency trading, has acquired Optimus Cards UK Ltd. and intends to issue crypto-enabled debit cards in Europe on …
• 3 February

  FedNow To Launch in 2023 and other Digital Transactions News briefs from 2/3/21

  

  The FedNow real-time payment service will launch commercially in 2023, the Federal Reserve said, narrowing the launch date from the 2023-24 timing it has projected since announcing the project in 2019.Fuel retailer Valero Energy Corp. said it is working with payments-technology provider P97 Networks to launch a mobile app that allows users to activate …
• 2 February

  Visa Will Waive Fees for Authorize.Net on Super Bowl Sunday, Launches VisaNet+AI

  

  Visa Inc. is leveraging its sponsorship of the National Football League with a new one-day promotion geared to attract small businesses to its Authorize.Net payment gateway on Super Bowl Sunday, Feb. 7. Visa announced Tuesday that it will waive Authorize.Net’s monthly gateway fee for the life of an account, along …
• 2 February

  In Covid’s Wake, Consumers—And Now Businesses—Are Lining up for P2P Payments

  

  Much attention in the payments industry has focused on how the coronavirus pandemic has boosted contactless technology in stores, but it’s also leading more consumers and now businesses to adopt peer-to-peer payments networks, as well. After initial success with consumers, banks are starting to adapt P2P systems especially for small …
• 2 February

  Jared Isaacman To Don a Spacesuit and other Digital Transactions News briefs from 2/2/21

  

  Jared Isaacman, founder and chief executive of Shift4 Payments Inc. and an experienced pilot, will command Inspiration4, the world’s first civilian space flight, scheduled for the fourth quarter and mounted in collaboration with SpaceX. Isaacman is also donating $100 million to St. Jude Children’s Research Hospital, which will have two …