Point-of-sale

March, 2021

• 18 March

  Splitit Signs More Merchants and other Digital Transactions News briefs from 3/18/21

  

  Buy now, pay later provider Splitit Payments Ltd. announced new merchants Giant Bicycles, Super73, Mate Bike, Michael’s Jewelry and others now offer the installment payment service. Spliltit also reiterated that its service can be used with credit cards.Boutique marketplace Jane has integrated Klarna for buy now, pay later transactions.Fintech Rapyd said it is waiving up to …
• 17 March

  Eye On BNPL: Afterpay, Flexiti, And Why Consumers Are Embracing Multiple Apps

  

  Buy now, pay later continues to be a hot option as retailers look for ways to entice shoppers to buy more and increase online conversions and in-store traffic.  Afterpay Ltd. announced Wednesday that its fifth bi-annual Afterpay Day promotion will include brick-and-mortar retailers for the first time. The event is scheduled …
• 17 March

  Priority 4Q Revenue up 8.1% and other Digital Transactions News briefs from 3/17/21

  

  Payments provider Priority Technology Holdings Inc. reported fourth-quarter revenue of $106.1 million, up 8.1% year-over-year. Excluding Priority’s RentPayment business, which the company sold in September, revenue grew 12.3% from $94.5 million.Payments provider Flywire Corp. launched Flywire eStore, a platform that supports e-commerce for Flywire clients and their customers. The move follows Flywire’s decision last …
• 16 March

  The Economy Got Suddenly Closer to Cashless Commerce in the Past Year, a Square Study Shows

  

  Three years’ worth of movement away from cash in the United States has taken place in just 12 months as a result of the Covid-19 pandemic, according to estimates in a report released Tuesday by Square Inc. “It’s not to say we’re ditching cash entirely any time soon, but the …
• 16 March

  Card Brands Delay Interchange Updates and other Digital Transactions News briefs from 3/16/21

  

  Responding to pressure from Sen. Dick Durbin, D-Ill., and other critics, Visa Inc. and Mastercard Inc. are delaying planned adjustments to their credit card interchange rates until April next year, Bloomberg News reported. The rate adjustments had been set for next month and involved an estimated net $889 million in increased fee income for …
• 15 March

  Debit Use And Contactless Payments Are up After a Year of Covid, PSCU Notes

  

  Debit is the most preferred payment option among consumers and contactless payments have doubled in the year since the declaration of the Covid-19 pandemic. That’s the assessment from the “Tracking Transaction Trends” report for the week ending March 7 from PSCU, a credit union service organization. Debit card spend for …
• 15 March

  ParkMobile Expands in Memphis and other Digital Transactions News briefs from 3/15/21

  

  Parking-app provider ParkMobile LLC announced an agreement with the city government in Memphis, Tenn., and with parking-lot manager Premium Parking to offer mobile payments for parking on several city blocks in commercial districts, expanding ParkMobile’s presence in the city. Earlier this month, European parking-technology firm EasyPark Group announced its plan to acquire …
• 12 March

  A Deal for Vend Helps an Acquisitive Lightspeed Bulk up As Covid Restrictions Ease

  

  Canadian processor Lightspeed POS Inc. announced Friday it has entered into an agreement to acquire Vend Ltd., a New Zealand-based provider of cloud-based retail management software. The cash and stock deal is valued at $350 million. Lightspeed will pay $192.5 million in cash and issue subordinate voting shares in the …
• 12 March

  Flywire Tenders SEC Filing for Possible IPO and other Digital Transactions News briefs from 3/12/21

  

  Payments provider Flywire Corp. has submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission in support of a proposed initial public offering.The Children of Restaurant Employees nonprofit is meeting pandemic claims from displaced restaurant workers via grant disbursements on gift cards from Blackhawk Network. Prepaid and gift card …
• 11 March

  The Architect of Debit Price Caps Attacks Visa And Mastercard for Planned Credit Card Hikes

  

  The U.S. Senator who gave his name nearly a decade ago to a law that caps debit card interchange made it plain Thursday he now has the rates merchants pay for credit card acceptance squarely in his sights. Commenting during a meeting of the Senate Judiciary Committee, which he heads, …