Point-of-sale

August, 2022

• 22 August

  CFPB Wants More from Block And Other Digital Transactions News briefs from 8/22/22

  

  The Consumer Financial Protection Bureau has filed a petition with the U.S. District Court for the Northern District of California seeking to require Block Inc. to fully comply with the CFPB’s demands for information related to Block’s Cash App product, according to Bloomberg. Block said it is “disappointed” with the action and …
• 19 August

  Celero Finds A ‘Good Fit’ In Its Deal for Community Bankers Merchant Services

  

  Payments provider Celero Commerce has acquired Community Bankers Merchant Services, a provider of electronic transaction processing through community and regional banks across the country. Terms of the deal, announced late Thursday, were not disclosed. The acquisition of CBMS will open the door for Celero to provide processing services to merchants …
• 19 August

  Blackhawk Network’s Get Sports-Betting Gift Card OK and other Digital Transactions News briefs from 8/19/22

  

  Blackhawk Network has received approval to offer its sports-betting gift card line, including its 2-year-old Game On card, in New York and Louisiana.Community Brands, a software and payments platform for nonprofits and schools, announced it has acquired BigSIS, a vendor of management software for educational institutions. Terms were not disclosed.Payments-technology provider Quisitive …
• 18 August

  Adyen Embraces POS Hardware with New Devices and a Development Focus

  

  Adyen Inc., a long-time online payments provider, is further boosting its in-store payment acceptance options with the addition of two new point-of-sale devices. Both were designed by Adyen. Dubbed the NYC1 and AMS1 devices, they complement a suite of other POS terminals launched in January. The NYC1 device is designed …
• 17 August

  Tulip Completes Moneris Integration And Other Digital Transactions News briefs from 8/17/22

  

  Tulip.io Inc., a Toronto-based point-of-sale system provider, said it has a certified integration with Moneris Solutions Corp., a large payment processor in Canada. Moneris had a U.S. presence prior to 2016 when it sold the U.S. business to Vantiv Inc.The Western Union Co. said it has renewed an agreement to support digital …
• 16 August

  Eye on BNPL: BigCommerce Goes Big With Affirm; Telispire Dials up Splitit’s BNPL Option

  

  E-commerce platform BigCommerce Pty. Ltd. is expanding its deal with installment-payment provider Affirm Inc. to now include merchants of all sizes. Additionally, the broadened deal affords merchants the ability to offer custom payment options, such as bi-weekly and monthly options for eligible customers on purchases ranging from $50 to $17,500. …
• 16 August

  Choice Hotels Adds Choice Direct Pay Billing Option And Other Digital Transactions News briefs from 8/16/22

  

  Choice Hotels International Inc. launched Choice Direct Pay, which allows businesses to make reservations for employees and guests at multiple properties with billing through a centralized invoice. The service works with more than 5,000 U.S. properties.Grocery Outlet Holding Corp. announced customers can order groceries for delivery from nearly 400 stores via online-delivery …
• 15 August

  Forage Joins a Small Group of SNAP EBT Online Payment Processors

  

  Organizations hoping for another choice when selecting a vendor to process their online electronic benefits transfer transactions for consumers using SNAP can now opt for Forage. San Francisco-based Forage said the U.S. Department of Agriculture approved it as a third-party payment processor for the SNAP program, the shortened term for …
• 15 August

  Credit Card Loans Increase for BNPL Provider Bread—But So Do Net Losses

  

  Bread Financial Holdings Inc. on Monday released a performance update for July, indicating it posted credit card and other loans totaling $17.8 billion last month, a 12% year-over-year increase. The Columbus, Ohio-based provider of personalized payment, lending, and savings solutions said average credit card and other loans for the month …
• 15 August

  BankiFi Raises $4.8 Million And Other Digital Transactions News briefs from 8/15/22

  

  Technology startup BankiFi, which seeks to enable payments and banking functions for small businesses, announced it has received a $4.8 million investment to fund its expansion into North America. Praetura Ventures led the funding round.Focused Labs, a developer of custom payments software, said it has joined the Stripe Partner Ecosystem. Stripe Inc.’s …