Point-of-sale

April, 2022

• 13 April

  Data Breaches Soar, Remaining on the Rise For the Third Consecutive Year

  

  After setting an all-time high in 2021, data breaches show no signs of slowing down in 2022. The number of known data breaches in the United States during the first quarter of 2022 totaled 404, a 14% increase from the same period a year earlier, according to the Identity Theft …
• 13 April

  The Absence of Interest Charges Is What Tweaks Consumer Interest in BNPL Services

  

  The buy now, pay later trend continues to solidify into a permanent part of the payments arena, thanks to consumers who readily adopt the installment-payment service. Now, new research finds that many—82%—are drawn to it because they do not have to pay interest for the installment-payment benefit. New research from …
• 13 April

  Another FI Picks Zelle and other Digital Transactions News briefs from 4/13/22

  

  Fiserv Inc. said Arkansas Federal Credit Union now offers the Zelle peer-to-peer payment service via Fiserv.Till Payments, an Australia-based payments-technology provider, said it is marking its official debut in the North American market at this week’s Electronic Transactions Association conference in Las Vegas. In January, Till acquired Zips, the payment-processing unit …
• 12 April

  Block’s Square Unveils a Revamped Square Stand As Merchant Needs Evolve Fast

  

  To help merchants manage their business through a single device in a rapidly changing payments landscape, Block Inc. on Monday introduced the next generation of Square Stand, the countertop device that converts an iPad into a point-of-sale system. It is the first redesign of Square Stand since its launch in …
• 12 April

  E-Commerce Is on a Tear, But How Much of That Volume Stems From Roaring Inflation?

  

  It’s a well-known fact that the pandemic drove consumers to e-commerce for goods they might otherwise have shopped for in stores, but now evidence is emerging that some of that increase in online spending is a result of steadily rising inflation. Consumers spent $83.1 billion online last month, up 7% …
• 12 April

  BridgePay Adopts Visa Tokens and other Digital Transactions News briefs from 4/12/22

  

  Payments gateway BridgePay Network Solutions LLC said is working with Visa Inc.’s TokenID technology to provide network tokenization to all clients using all processors.Paysafe Ltd. said it is expanding its working relationship with international gaming operator Betsson Group to support traditional and alternative payments for the new Betsafe online sportsbook for Colorado.Everi Holdings …
• 11 April

  There’s More to Lose in Not Offering BNPL Than in Offering It, Providers Warn

  

  The buy now, pay later trend may have come under scrutiny lately by regulators, but companies enabling BNPL warn sellers and payments providers risk losing merchant volume and younger consumers if they don’t offer the installment option online and at the point of sale. “You’ll see volume attrition without merchant …
• 11 April

  Wyre’s Sale Terms Inaccurate and other Digital Transactions News briefs from 4/11/22

  

  Ether Capital Corp. issued a statement correcting media reports that its portfolio company, cryptocurrency startup Wyre Payments Inc., has agreed to be acquired by payments fintech Bolt Financial Inc., for $1.5 billion. There has been no disclosure of the proposed transaction terms, Ether said.American Airlines Center, home of the National Basketball Association’s …
• 7 April

  Adyen Poised To Offer Tap to Pay on iPhone To U.S. Merchants

  Processor Adyen NV is poised to be among the first to offer Apple Inc.’s Tap to Pay on iPhone service to U.S. merchants. Sometime later this year the service will launch, enabling compatible iPhones to accept contactless payments without the use of additional hardware or payment terminals. Announced in February …
• 7 April

  Bolt To Acquire Wyre and other Digital Transactions News briefs from 4/7/22

  

  The commerce platform Bolt has agreed to acquire the cryptocurrency provider Wyre to enable consumers to spend crypto at Bolt merchants, which will receive fiat currency. Terms of the deal, which is expected to close before year’s end, were not disclosed.In related news, payments platform Nium said it has partnered with cryptocurrency specialist BitPay to allow …