Point-of-sale

November, 2020

• 4 November

  Gravity Payments’ RV Payments Integration and other Digital Transactions News briefs from 11/4/20

  

  Payments provider Gravity Payments said it is processing mobile transactions for IDS Service360, a new software product that integrates with a management system from Integrated Dealer Systems for RV, marine, and trailer dealers.Coro Global Inc., whose app allows users to make payments backed by physical gold, announced its Coro Corp. unit has …
• 3 November

  MagTek’s New DynaFlex Targets Payment Acceptance Flexibility

  

  MagTek Inc. released its DynaFlex platform. Announced Tuesday, the platform can serve as a countertop or mobile device, be mounted to a tablet, or affixed to a standalone kiosk.  Designed to work with multiple configurations, DynaFlex is compatible with Windows and Android devices. It can accept payment via magstripe, EMV …
• 3 November

  CPI Card Sales up 22% and other Digital Transactions News briefs from 11/3/20

  

  Payment card manufacturer CPI Card Group Inc. said net sales of debit and credit cards grew 22% year-over-year to $62.7 million in the third quarter. Net sales of prepaid debit cards dipped 1% to $20.6 million. For the nine months through September, credit and debit card sales rose 19% to $180.9 million, …
• 2 November

  PayPal Enjoys a Robust Quarter As It Outlines a ‘Fundamental Overhaul’ of Its Apps

  

  PayPal Holdings Inc.’s top executives late Monday laid out what chief executive Dan Schulman called “a fundamental overhaul” of the company’s PayPal and Venmo apps that will include a new cryptocurrency feature as well as bill payment and QR code capability on top of near-field communication technology and PayPal’s Pay …
• 2 November

  Tapped Debit Purchases at $20.53 Average and other Digital Transactions News briefs from 11/2/20

  

  The four-week average purchase amount for contactless transactions made with a debit card is $20.53, lower by 49% from the $40.43 overall average for purchases made with debit cards, said PSCU, a credit union service organization, in its weekly Tracking Transactions Trends report.Nacha announced that Nivelo Inc., a specialist in payments security for …

October, 2020

• 30 October

  Eye on BNPL: Splitit Will Test Visa’s Installment API And Sezzle Doubles Its Staff

  

  The buy now, pay later payment option continues to barrel ahead as Covid-weary consumers seek new sources of credit at the point of sale. In the latest news, Splitit Payments Ltd., said it is testing the integration of a Visa Inc. application programming interface for installment payments and Sezzle Inc. …
• 30 October

  COMMENTARY: In the Age of Covid, It’s Time For Retailers to Shift to Digital Offers

  

  Covid-19 has been highly disruptive to the U.S. retail sector, with research estimating sales will fall by 10.5% this year. The same forecast suggests small, mainly brick-and-mortar retailers will see a 14% drop in sales. Even now, months after the pandemic’s first appearance in the U.S market, forty-five percent of …
• 30 October

  Western Union P2P Transactions up 6% and other Digital Transactions News briefs from 10/30/20

  

  The Western Union Co. reported third-quarter revenue of $1.259 billion, down 4% year-over-year. Peer-to-peer transactions in the quarter totaled 77.3 million, up 6%.MoneyGram International Inc. reported third-quarter revenue of $323.2 million, down 1% year-over-year on a constant-currency basis. Digital transactions accounted for a 27% share of all money transfers in the quarter.Amazon.com …
• 29 October

  Clover Combines Ordering And Payment With Its QR Code Technology

  

  Fiserv Inc.’s Clover point-of-sale technology business on Wednesday unveiled Scan to Order, which allows consumers to access a menu and pay for their meal by scanning a QR code at the table or the order window. The application reflects an emerging trend among restaurants to shift interactions between customers and …
• 29 October

  Global Payments Revenue Down 4% and other Digital Transactions News briefs from 10/29/20

  

  Processor Global Payments Inc. reported adjusted net revenue of $1.746 billion for the third quarter, down 4% year-over-year on a combined basis. Global acquired processor TSYS Inc. last year.FIS Inc. reported total third-quarter revenue for its merchant-processing unit of $1.02 billion, up 44% year-over-year. The lift comes chiefly from the acquisition of the …