Point-of-sale

July, 2021

• 21 July

  COMMENTARY: The Case for Cryptocurrencies As the Future of Digital Payments

  

  The history of payments in the last century has been a fascinating journey. From gold-backed paper currency to a fiat model that grew beside the convenient credit card system, the method in which we transact has always been reflective of society’s technological capabilities at that time. Even as late as …
• 21 July

  Veem Adds Products for SMBs and other Digital Transasctions News briefs from 7/21/21

  

  Payments provider Veem Inc. launched several new products for small businesses, including Veem Invoicing and Veem Collections.Cryptocurrency platform OKCoin USA Inc. has chosen FIS’s Worldpay unit to provide merchant acquiring and global exchange service in support of OKCoin’s ongoing global expansion.Visa Inc. said it will launch later this year an “evolved” brand identity featuring refreshed …
• 20 July

  Sezzle Capital Debuts and other Digital Transactions New briefs from 7/20/21

  

  Buy now, pay later provider Sezzle Inc. launched Sezzle Capital, a program that provides working capital up to $10 million to qualified merchants. The service is built on the Wayflyer funding platform.Square Inc. launched Square Banking, based on the company’s industrial bank, Square Financial Services, which began operating in March. The banking offering consists …
• 19 July

  Infinicept Launches a Network to Help Link Software Firms With Payments Resources

  

  For years, one of the fastest-growing trends in payments has been the idea of weaving transactional capability into business and consumer software. Now, one of the most prominent platforms in that business has launched a network to help connect software firms with payments companies and resources. “We’re doubling down on …
• 19 July

  Bill.com Acquires Invoice2go and other Digital Transactions News briefs from 7/19/21

  

  Business payments provider Bill.com announced the $625 million acquisition of Invoice2go, a mobile-first accounts receivable software provider. The stock and cash transaction is expected by the end of 2021.U.S. blockchain-payments specialist GreenBox POS LLC has agreed to acquire Europe-based processor Transact Europe Holdings OOD for 30 million euros, or approximately $35 million. The deal …
• 16 July

  Discover Is the Latest Card Network to Bust Into BNPL, a Market With Heated Rivalry

  

  The buy now, pay later trend has gained enough steam that the major card networks can’t afford to ignore it. The latest evidence that the credit card giants want to hedge their bets came this week with the news that Discover Financial Services invested $30 million in Minneapolis-based Sezzle Inc., …
• 16 July

  Shift4 Previews Earnings and other Digital Transactions News briefs from 7/16/21

  

  Payments provider Shift4 Payments Inc. announced preliminary results for the quarter ended June 30. It expects end-to-end payment volume—activity it processes rather than directing it through its gateway to other processors—in the range of $11.78 billion to $11.82 billion. Gross revenue will total between $345 million and $350 million.Blockchain payments and financial-services provider Circle …
• 15 July

  Jumping on the Contactless Trend, Intuit Tries Again to Penetrate the POS Market

  

  Sensing that consumers’ growing preference for contactless-payments options will be permanent, Intuit Inc. on Thursday introduced its QuickBooks Card Reader for small businesses. The terminal, which integrates with QuickBooks Payments, supports what Intuit calls smart-tipping functionality. Businesses can customize three tipping options that are displayed on the card reader as …
• 15 July

  Waystar To Acquire Patientco and other Digital Transactions News briefs from 7/15/21

  

  Waystar, a provider of payments software for the health-care industry, announced it will buy Patientco Holdings Inc., a payments provider in the same industry. Terms were not announced, though persons familiar with the matter valued Patientco at $450 million, according to Bloomberg.Payments provider Payroc WorldAccess LLC said it has acquired DCS Holdings Group …
• 14 July

  Trust And Security Could Be Big Hurdles As Apple Prepares Its Entry Into BNPL

  

  For Apple Inc. to become a disruptor in the rapidly growing buy now, pay later market, the technology giant is going to have to win consumer’s trust and demonstrate its BNPL platform is secure.  Reports of Apple developing a BNPL product, which the company has internally dubbed Apple Pay Later, …