Point-of-sale

May, 2022

• 4 May

  Nettlesome Chargebacks Prove Vulnerable to Mitigation Efforts, a Report Finds

  

  There’s a bit of apparent good news when it comes to chargebacks. The chargeback-to-transaction ratio decreased from 1.94% in 2020 to 1.52% in 2021, and is also down from the remarkable 3.76% seen in 2017. That’s according to the fourth annual “The Year in Chargebacks Report” from Midigator LLC, a …
• 4 May

  Fiserv Adds Affirm BNPL to Carat and other Digital Transactions News briefs from 5/4/22

  

  Processor Fiserv Inc. announced it is adding buy now, pay later services from Affirm Inc. to its Carat operating system. Affirm joins Bread, Synchrony, and Zip as current providers. Affirm said its service will be the first fully-integrated BNPL provider with Carat.Payments provider Rapyd Financial Networks Ltd. launched Virtual Accounts, intended to allow businesses anywhere globally …
• 3 May

  Paysafe Adds Visa Direct in the U.K. And Europe, While Eyeing the U.S. Market

  

  To effectively service markets where speed of payment is critical, such as online gaming and cryptocurrency, Paysafe Ltd. announced Tuesday it is integrating Visa Direct in its platform. Paysafe will offer Visa Direct, Visa Inc.’s real-time push-payment network, to merchants, exchanges, operators, and other online businesses in the United Kingdom …
• 3 May

  Big Merchants And E-Commerce Help Drive Growth for FIS in 2022’s Early Going

  

  Some processors are ready to put the pandemic behind them, but FIS Inc. may have already done it. The big payments processor and banking-services provider early Tuesday reported its merchant revenue increased 15% year-over-year in the first quarter, a number that exceeded the company’s expectations, chief executive Gary Norcross told …
• 3 May

  Rite Aid Adds Afterpay BNPL and other Digital Transactions News briefs from 5/3/22

  

  Buy now, pay later provider Afterpay said retailer Rite Aid now accepts the installment payment option online and intends to offer it in-store in coming months.MoneyGram International Inc. rebutted claims by the Consumer Financial Protection Bureau that the company is a “repeat offender” with respect to “consumer harm,” citing the fact that the …
• 2 May

  Global Payments Puts the Pandemic Behind It As It Develops BNPL And Crypto Services

  

  Global Payments Inc. Monday morning reported continued recovery from the pandemic’s impact along with new developments the Atlanta-based company says will deepen its ventures in buy now, pay later, cryptocurrency, and support for banks overseas. Global chief executive Jeff Sloan also said the processor has exited its operations in Russia in …
• 2 May

  TCH Updates RTP Tokenization for Checking Accounts and other Digital Transactions News briefs from 5/2/22

  

  The Clearing House Payments Co. LLC announced it will soon introduce tokenization for checking account and routing numbers on transactions financial institutions run over TCH’s RTP real-time payments and EPN automated clearing house networks.Of 80 mid-tier U.S. financial institutions surveyed by Volante Technologies, 37% of these not already connected to The Clearing …

April, 2022

• 29 April

  Aeropay’s Deal With Flowhub Furthers Digital Payments’ Reach In Cannabis Dispensaries

  

  Electronic payments options for legal cannabis sales broadened their reach with Thursday’s deal between Aeropay, a digital payments provider specializing in cannabis sales, and Flowhub, a point-of-sale platform for legal cannabis dispensaries. The deal will enable more than 1,000 dispensaries using Flowhub’s POS software to accept ACH payments. To initiate …
• 29 April

  Restaurant Spending up 4% and other Digital Transactions News briefs from 4/29/22

  

  Consumer restaurant spending was up 4% in the first quarter, compared to a 7% increase in the 2021 first quarter, according to The NPD Group in a new report.Shift4 Payments Inc. has expanded its office in Lithuania, its only outpost in Europe, from a roster of two to more than 260 and …
• 28 April

  Digital Fraud Is Down Overall, But Several Industries Are Still At High Risk

  

  Thanks to more businesses implementing fraud-prevention tools, global digital fraud decreased more than 22% during the first quarter of 2022, compared to the same period a year earlier, according to TransUnion LLC’s quarterly digital-fraud analysis, released Thursday.  On a per-category basis, financial services, telecommunications, and retail all saw declines in …