Point-of-sale

October, 2021

• 26 October

  BNPL Offers Big Potential for Market Share But Also Flashes Caution Signs for the Unwary, a Panel Says

  

  The rapidly unfolding buy now, pay later business holds huge potential for point-of-sale lenders but flashes caution signs for players that jump in without doing their homework, a panel of experts said Tuesday at the Money 20/20 exposition in Las Vegas. The BNPL product, which generally allows shoppers to pay …
• 25 October

  A Bread Partnership Adds More Long-Term Financing Power to Sezzle’s BNPL Arsenal

  

  As part of its strategy to become a full-service payments provider and serve a wider consumer base, buy now, pay later provider Sezzle Inc. on Monday announced a partnership with Alliance Data Systems Corp. to offer Alliance Data’s Bread installment-loan service to Sezzle merchants. The partnership builds on a deal …
• 20 October

  Stripe Strikes Again In Executing Its Strategy to Expand Beyond Online Payments Acceptance

  

  Building on its strategy of expanding beyond payments acceptance, Stripe Inc. on Wednesday announced the acquisition of Recko Inc., a provider of payments-reconciliation software for Internet businesses. Terms were not disclosed. The deal follows the debut of new applications this year intended to carry out this strategy, such as Stripe …
• 20 October

  How Consumers’ Growing Adoption of BNPL Is Getting the Ad Dollars Flowing

  

  The heady times for buy now, pay later just keep on rolling. Now, with 44% of consumers saying they have used BNPL options to make a purchase, according to personal-finance company Credit Karma LLC, providers of the point-of-sale financing have opened the ad-spending spigot.  A new report from MediaRadar, a …
• 19 October

  Intuit Expands Its Payments Reach to Small Businesses And Takes Aim At Square

  

  Sensing an opportunity to expand the reach of its financial services to more small businesses, Intuit Inc. on Tuesday introduced Money by QuickBooks, a mobile app intended to make it easier for small sellers to accept payment, manage their cash flow, and pay bills. Intuit launched the app in response …
• 19 October

  B2B and Health-Care Payments Help Drive a Robust Quarter for the ACH

  Driven by a surge in business-to-business and health-care claims payments, transactions on the nation’s automated clearing house network swelled 7.7% year-over-year in the third quarter, according to Nacha, the organization that governs the network. Transactions totaled 7.3 billion, up by 520 million, while dollar volume totaled $18.1 trillion, a 13/8% …
• 19 October

  Paysafe Relaunches its Partner Program and other Digital Transactions News briefs from 10/19/21

  

  Paysafe Ltd. said it relaunched its U.S. partner program for independent sales organizations, independent software vendors, and financial institutions.Anaheim Arena Management, manager of the Honda Center in Anaheim, Calif., has selected SpotOn Transact Inc.’s Appetize unit to manage all concessions through cloud technology. The move comes in advance of the new National Hockey …
• 18 October

  Visa’s Latest Debit Card Perk Is Eligibility for ReadyLink, its Prepaid Reload Network

  

  In a move aimed in part at accommodating digital-only financial institutions, Visa Inc. on Saturday opened its ReadyLink prepaid top-up network for the first time to debit cards. “The expansion makes Visa ReadyLink available to all consumer and business debit cards. The service is optional and issuers need to opt-in,” …
• 18 October

  Fiserv Acquires BentoBox and other Digital Transactions News briefs from 10/18/21

  

  Fiserv Inc. announced the acquisition of BentoBox, a specialist in online restaurant platforms and technology. BentoBox serves more than 14,000 restaurant locations. Terms were not disclosed.Mindbody, a payments and technology platform for the fitness industry, announced it has closed on its acquisition of ClassPass, a monthly subscription service also focused on …
• 15 October

  MagicCube Pockets a $15-Million Round As Device Shortages Spark Interest in Its Technology

  

  The global shortage of semiconductor chips that’s plaguing the makers of point-of-sale terminals and other payment devices has left at least one technology firm sitting pretty, its founder and chief executive says. “It’s wind in our sails,” says Sam Shawki, chief executive of MagicCube Inc. That’s because MagicCube’s technology enables …