Point-of-sale

March, 2022

• 21 March

  FreedomPay Adds Sephora USA and other Digital Transactions News briefs from 3/21/22

  

  Mobile point-of-sale provider FreedomPay said it has signed Sephora USA, a retail chain offering beauty products at more than 500 stores.The total value of consumer credit card rewards globally will rise 15% to $108 billion by 2026 from $92 billion this year, fueled by increasing adoption of cobranded cards issued by merchants, according to …
• 18 March

  ACH and Card Processing Services Lift Usio’s Volumes

  

  Boosted by strong growth in its automated clearing house services, credit card acquiring, and other business lines, merchant processor Usio Inc. reported Thursday that its total dollars processed grew 215% in 2021’s fourth quarter from a year earlier and 184% for the full year. San Antonio, Texas-based Usio processed $9.5 …
• 18 March

  A $1-Million Same-Day Cap Takes Effect As the ACH’s Latest Move in the Faster Payments Derby

  

  A new, $1-million limit takes effect on Friday for same-day processing of automated clearing house transactions. The new cap, 10 times higher than the former one, is expected to open the ACH for faster processing of more large-value transfers and is seen as a landmark move toward faster payments as …
• 18 March

  CanPay Notes $500 Million in Legal Payments and other Digital Transactions News briefs from 3/18/22

  

  Cannabis-payments platform CanPay said it has passed half a billion dollars in transactions, processing for more than 800 merchant locations in 31 in states.A cryptocurrency-investment platform called BitStore introduced a Mastercard-branded prepaid card that allows users to make payments at merchants with their crypto assets. Processing is handled by Alchemy Pay.Payments provider PayTrace Inc. announced it …
• 17 March

  Priority Racks up Revenue Gains As It Looks to Expand Into New Services Such As Cash Processing

  

  Priority Technology Holdings LLC late on Wednesday reported $144 million in revenue for 2021’s December quarter and $514.9 million for the full year, increases of 35.7% and 27.4% year-over-year, respectively.  The Alpharetta, Ga.-based company, which ranks among the 25 largest merchant processors in the country, handles payments and related services …
• 17 March

  Mercator Advisory Group Has New Owner and other Digital Transactions News briefs from 3/17/22

  

  Escalent Inc., an analytics and advisory firm, said it acquired Mercator Advisory Group, adding to its payments advisory portfolio. Escalent acquired Javelin Strategy & Research in 2019. Current Mercator president and chief executive Robert Misasi will help with the transition before leaving these positions.MoneyGram International Inc. agreed to pay a civil monetary penalty of …
• 16 March

  Eye on BNPL: Startup Airline Breeze Adds Uplift; Mastercard Installments Expands

  

  Buy now, pay later options for consumers continue to grow. Nascent airline Breeze Airways will offer Uplift Inc.’s BNPL option to its travelers and Mastercard Inc. announced several more retailers joined its Mastercard Installments program. Sunnyvale, Calif.-based Uplift said it is the exclusive BNPL option for Breeze flights. The service …
• 16 March

  XTM Adds Apple Pay, Google Pay Support and other Digital Transactions News briefs from 3/16/22

  

  Payments-technology provider XTM Inc. said it has added Apple Pay and Google Pay to its U.S. Today mobile wallet. The company says it has rolled out more than 100,000 wallets so far.Payments provider Nuvei Corp. said it will process payments for cryptocurrency by holders of the Ledger hardware wallet. With the agreement, holders can buy crypto …
• 15 March

  Mobile Tax Payments up 27% and other Digital Transactions News briefs from 3/15/22

  

  Payments provider ACI Worldwide Inc. said its data indicate the number of tax payments made via a mobile device has increased 27% over the same time last year, while the dollar value has climbed 40%. Tax payments via credit card are up 13%, and have increased 8% by debit card. Dollar value …
• 14 March

  Affirm Metrics Outperform and other Digital Transactions News briefs from 3/14/22

  

  Buy now, pay later specialist Affirm Inc. said its fiscal quarter-to-date financial metrics exceeded its expectations, leading it to revise its financial outlook. Affirm on Feb. 10 had expected its gross merchandise volume to be no more than $3.71 billion, but now says it will be at least that much.Aplazo, a buy …