Point-of-sale

December, 2021

• 9 December

  When It Comes to Payments, Consumers Stress Convenience And Multiple Options, Square Says

  

  As merchants continue to evolve their business model during the Covid-19 pandemic, they are discovering that consumers want convenience and multiple options when it comes to paying for purchases. While credit cards remain consumers’ preferred method of payment, contactless options are a close second, according to Square Inc.’s second annual “The …
• 9 December

  Fortis Fortifies Its Position With ISVs Via Its Acquisition of VIP Integrated Payments

  

  Fortis has proven in recent months to be one of the country’s most active payments providers when it comes to extending capabilities for independent software vendors, and now it has expanded further in that business with its acquisition of VIP Integrated Payments in a deal announced Wednesday. Terms were not …
• 9 December

  BP Testing Self-Checkout Tech And Other Digital Transactions News Briefs 12/9/21

  

  Fuel retailer BP is installing automated checkout technology from Grabango in 10 convenience store locations, Grabango announced. Seven AMPM stations in California and three Amoco stores in Pennsylvania will have the technology operational by mid-2022. Consumers use a Grabango app to shop and pay without queuing for a checkout lane.Buy now, pay later provider Klarna …
• 8 December

  Eye on Crypto: Visa Launches a Consulting Unit; Nextech Links to Coinbase for Acceptance

  

  With interest in cryptocurrency increasing at the two major card networks, it was only a matter of time before one of them launched a consulting service specializing in the subject. Visa Inc. early Wednesday announced it is launching its Global Crypto Advisory Practice as part of its existing Visa Consulting …
• 8 December

  57% Use App for Takeout Food and other Digital Transactions News briefs from 12/8/21

  

  A report from consulting firm Deloitte found that 57% of consumers use a digital app to order restaurant food for off-premise dining, up from 54% in 2020. Even for ordering in a restaurant, 64% of consumers prefer to place their order digitally, up from 53% last year. The survey of 1,000 consumers …
• 7 December

  Eye on BNPL: Klarna And Marqeta Expand in Europe, And Afterpay Brings BNPL To Belk

  

  Klarna AB has expanded its relationship in Europe with virtual card issuing platform Marqeta to 13 new markets. Working with Marqeta, Klarna will offer one-time virtual cards to consumers in the United Kingdom, Germany, France, Italy, Spain, Netherlands, Poland, Belgium, Austria, Ireland, Norway, Finland, and Denmark. The deal is the …
• 7 December

  With At-Pump EMV a Work in Progress, Providers Look to Mask Card Transactions With Encryption

  

  The switchover of gasoline stations in the United States to the EMV chip card standard has been a work in progress, but now products are emerging that can secure card data at the pump through a technology known as point-to-point encryption. Payments provider ACI Worldwide Inc. early Tuesday said it …
• 7 December

  Stripe Acquires OpenChannel and other Digital Transactions News briefs from 12/7/21

  

  Processor Stripe Inc. said it acquired OpenChannel, which provides app marketplace software. Terms were not disclosed.Payments provider Payoneer Inc. announced a worldwide working-capital offer for sellers on the Walmart U.S. marketplace.In related news, Facepay Inc., a payments provider specializing in auto-repair shops, said its Facepay Capital service is available to all shops on its platform.Money transmitter LianLian …
• 6 December

  In the Latest BNPL Twist, Afterpay Users Can Rack up Cash Back in a Rakuten Program

  

  Consumers have flocked to buy now, pay later services, but providers still have to find ways to stand out. Afterpay Ltd. hopes to do that by enabling consumers who have a Rakuten account to earn cash back in the Rakuten program. Announced Monday, the Afterpay program enables Afterpay users who also …
• 6 December

  Black Friday Traffic up 40% and other Digital Transactions News briefs from 12/6/21

  

  Of the so-called Cyber 5 shopping days—Thanksgiving Day through Cyber Monday—Black Friday generated the most shopping traffic online last month, with traffic at its peak nearly 40% higher than the peak at Thanksgiving and 5% higher than on Cyber Monday, according to data from Fastly, an e-commerce platform provider.Issuer processor Paymentology Ltd. said …