Point-of-sale

January, 2021

• 12 January

  Another Bank Joins TCH Real Time Payments and other Digital Transactions News briefs from 1/12/21

  

  Wells River Bank has agreed to join the Real Time Payments network operated by The Clearing House Payments Co. LLC. The bank will connect to the network through the Shazam EFT network’s Shazam Pay faster-payments gateway.Payments provider Lightspeed POS Inc. launched its Lightspeed Supplier Network, a platform aimed at North American merchants to …
• 11 January

  Mastercard And Partners Will Test Common Android Phones And Tablets As Contactless POS Devices

  

  Mastercard Inc. will test contactless payment acceptance using common Android smart phones and tablets in the United States. The technology, relying on software developed by Mastercard Labs, enables these off-the-shelf devices to accept contactless payments with no special hardware.  Announced Monday, the service, called Tap on Phone, intends to capitalize …
• 11 January

  How Its Deal for Kount Lets Equifax Reinforce Its Capabilities Against Online Fraud

  

  With consumers and businesses flocking to online commerce, companies of all sizes are reinforcing their technology for accepting transactions and rating them for risk. The latest example is the giant credit-reporting company Equifax Inc., which on Friday said it is paying $640 million to buy Kount Inc., a 14-year-old Boise, …
• 11 January

  NCR Makes Its Cardtronics Bid and other Digital Transactions News briefs from 1/11/21

  

  NCR Corp. confirmed it is the party that has made a $39-per-share cash offer to acquire international ATM network operator Cardtronics plc. The last-minute bid trumps a previous, $35-per-share offer from investment firms Hudson Executive Capital and Apollo Global Management.Citizens Financial Group Inc. said it has expanded the reach of its point-of-sale …
• 7 January

  Covid—And a New Partnership—Help Push ParkMobile Into the Garage

  

  The pandemic has in a few months’ time brought changes to the payments business that otherwise might have taken years—even in mundane environments like parking. One big development emerged Thursday with the announcement that TIBA Parking Systems, which manages access to more than 1.9 million parking spaces in the United …
• 7 January

  NCR Acquires Freshop and other Digital Transactions News briefs from 1/7/21

  

  NCR Corp. said it acquired Freshop, a grocery e-commerce services provider. Terms were not disclosed. NCR estimates that buy online, pick up in store shopping will increase 25% per year through 2025.Payment Alliance International said it acquired the ATM portfolio of B & B Music & Video, consisting of 580 company-owned and …
• 6 January

  A Last-Minute Presidential Ban on China-Based Payment Apps Puzzles Payments Experts

  

  An executive order by President Donald Trump banning a pair of major Chinese payments apps comes in the waning days of his administration and may leave more questions than it answers, observers say. The order, issued Tuesday, prohibits transactions on eight China-based apps, including the hugely popular Alipay and WeChat …
• 6 January

  Qualpay Adds Google Pay Support and other Digital Transactions News briefs from 1/6/21

  

  Payments platform Qualpay said it is now supporting Google Pay transactions in recognition of increasing consumer usage of mobile wallets.Payments-technology provider Cardknox launched a beta version of its partner portal, intended for the use of sales partners and independent sales vendors to onboard and manage merchant-processing accounts.Digital-payments provider Payrailz has launched Action Insights, a service intended …
• 5 January

  PayPal Wins Its Lawsuit Against the CFPB, But the Legal Wrangling Is Far From Over

  

  PayPal Holdings Inc. may have prevailed in its lawsuit against the Consumer Financial Protection Bureau over the CFPB’s rules pertaining to prepaid cards and digital wallets, but the overarching legal battle is likely to continue. The ruling, which was handed down Dec. 30 by U.S. District Judge Richard Leon and …
• 5 January

  Mobile Wallet Use up and other Digital Transactions News briefs from 1/5/21

  

  In the week before and the week of Christmas, consumers markedly increased their use of mobile wallets, with mobile wallets loaded with a debit card increasing 79.2% from the same weeks a year ago, according to the Tracking Transaction Trends report from PSCU, a credit union service organization. Use of mobile …