Friday , March 29, 2024

Point-of-sale

March, 2024

  • 22 March

    ParkHub and JustPark Combo and other Digital Transactions News briefs from 3/22/24

    Parking management and payment providers ParkHub said it will merge with JustPark, a United Kingdom-based parking reservations and payments platform. Dallas-based ParkHub said the new organization serves more than 20 million drivers and more than 500 business-to-business clients representing more than $1 billion in booking volume. Terms were not disclosed. Payments provider North …

  • 21 March

    Volume for the Top 50 ACH Banks And Credit Unions Increases 5.7% in 2023

    The top 50 originating financial institutions on the automated clearing house network hit nearly 27.7 billion in payments in 2023, a 5.7% increase over 2022, Nacha says. Volume for the top 50 receiving FIs was almost 20 billion payments in 2023, a 6.4% increase from 2022. Herndon, Va.-based Nacha says …

  • 21 March

    As Apple Opens up to Outside Payments, Big Tech Protests the Cost

    Apple Inc. early Thursday said it has “fully complied” with a federal court ruling requiring the technology giant to permit app developers to process payments outside of Apple’s own system. The response came after five major technology companies on Wednesday filed a petition with the court protesting that Apple’s compliance …

  • 21 March

    Digital Wallets A Powerhouse And Other Digital Transactions News briefs from 3/21/24

    Digital wallets accounted for $13.9 trillion in payments volume last year, or 50% of e-commerce and 30% of point-of-sale spending, according to Worldpay’s Global Payments Report 2024. This will grow to more than $25 trillion by 2027, or 49% of combined point-of-sale and online volume, the report forecasts. Automated clearing house …

  • 20 March

    JPMorgan Retains Its Top Acquiring Spot in TSG’s Annual Review

    TSG’s yearly review of more than 300 U.S. merchant acquirers is out, and there is little surprise that JPMorgan Chase & Co. retains the top spot with an estimated 2023 U.S. processing volume of $2.4 trillion. While the top three slots in the annual TSG Directory of U.S. Merchant Acquirers …

  • 20 March

    Lakers Draft Shift4 And Other Digital Transactions News briefs from 3/20/24

    The Los Angeles Rams of the National Football League chose Shift4 Payments Inc. to process ticket sales through Shift4’s Ticketmaster integration. TokenEx, a cloud-based provider of tokenization services to shield personal information in payments, launched a point-to-point encryption service for both online and in-person transactions. The company says the service reduces the scope …

  • 19 March

    Galileo Expands Its BNPL Program And Other Digital Transactions News briefs from 3/19/24

    Galileo Financial Technologies said it expanded its buy now, pay later platform to enable banks and fintechs to offer new installment plans post-purchase through the consumer’s existing debit or credit card. North American Bancard launched Payment Links on its platform. These are links merchants can adopt to direct customers to a payments …

  • 18 March

    Nuvei Could Be in Play To Be Taken Private by Advent International

    Montreal-based Nuvei Corp. early Monday issued a statement confirming it has received interest from potential investors and has created a “special committee” of independent directors to review “expressions of interest” regarding offers to take the company private, as well as other “strategic alternatives.” Private-equity firm Advent International Corp. is making …

  • 18 March

    FIS Enlists AI in Fraud Detection And Other Digital Transactions News briefs from 3/18/24

    FIS Inc. said its SecurLock service, working with artificial-intelligence technology from the fintech Stratyfy, is set to increase the volume of card transactions accurately identified as fraudulent, allowing clients to stop the transactions before they are consummated. FIS said the technology “was able to deliver a significant improvement of accurately identified …

  • 17 March

    As McDonald’s Recovers From a Global Outage, It Looks to Prevention And Accountability

    McDonald’s Corp. on Sunday showed signs it had largely recovered from a widespread system outage that began early Friday and shut down service, prevented card payments, and scrambled digital orders for hours at thousands of restaurants around the world. Now, the company is seeking the cause and promising to hold …

Digital Transactions