Point-of-sale

November, 2020

• 24 November

  By 2030, Cards May Linger, But Digital And Contactless Payments Will Dominate: Report

  

  The future of digital payments is being created now with the adoption of contactless payments, new digital transactions such as buy online, pick up in store, and reduced friction within the payments ecosystem. That’s the assessment in the “Future-Proof Payments: From the EMV Chip to a Fully Digital Future” report …
• 24 November

  COMMENTARY: Three Things C-Stores Must Do Now to Contend With Covid-19

  

  The pandemic has forced the world—individuals and businesses alike—to reassess their approaches toward life and reevaluate daily processes. The same goes for convenience stores with a particular focus on solution-driven innovation and adaptation. They must evolve their businesses with modern technologies, such as contactless payment processing, pre-store visit staging, and …
• 24 November

  PAI Adds Bitcoin Service to its ATMs and other Digital Transactions News briefs from 11/24/20

  

  Payment Alliance International Inc. said its fleet of more than 95,000 ATMs will redeem Bitcoin for cash under an agreement with B4U Financial LLC, whose BitLoad4U technology will manage authorization, clearing, and settlement and allow redemption from any cryptocurrency mobile wallet.A Bitcoin variant called Bitcoin Latinum announced a pre-sale launch with availability on exchanges in …
• 23 November

  Visa Commercial Pay Debuts and other Digital Transactions News briefs from 11/23/20

  

  Visa Inc. has formed a partnership with virtual-payments technology provider Conferma Pay to launch Visa Commercial Pay, a venture in virtual commercial cards. Available globally, the suite will be available from Visa’s financial institution clients. Visa and Conferma Pay have a long-standing relationship. “Consumerization of [business-to-business] payments has significantly accelerated during …
• 20 November

  Gateways Adapt to E-Commerce As They Contend With Covid-19’s Impact

  

  The Strawhecker Group’s most recent analysis of 100 payment gateways found that half of them charge a monthly fee, down from 74% in 2019. That is potentially because of the impact of the Covid-19 pandemic, the report says. Other findings show that 52% of all gateways focus on retail, followed …
• 20 November

  68% of Consumers Will Use Contactless Payments and other Digital Transactions News briefs from 11/20/20

  

  A Discover Financial Services survey found that 68% of consumers said they will use contactless payments more to avoid touching public surfaces and 66% would use less cash because of the Covid-19 pandemic. The survey of 2,000 U.S. adults also found that 35% said they plan to spend less this holiday shopping …
• 19 November

  A Revamped Google Pay Seeks Wider Appeal by Pushing Beyond Payments

  

  Alphabet Inc.’s Google unit on Wednesday announced a major overhaul of its 5-year-old Google Pay wallet to push beyond mobile payments and incorporate links and data Google says will generate daily usage. The move comes as major payment apps such as Apple Pay and Google Pay have sought to boost …
• 19 November

  Eye on BNPL: Klarna Adds 1 Million Customers in 3 Weeks And Affirm Readies an IPO

  

  Consumers appear to be flocking to buy now, pay later options. Evidence of that comes from Klarna US, which says it gained 1 million customers in three weeks, pushing its total to 11 million. It has grown from 9 million customers only since August. Among the reasons for the rapid …
• 19 November

  Payroc Acquires Bluestone Payments and other Digital Transactions News briefs from 11/19/20

  

  Payroc World Access LLC announced the acquisition of Bluestone Payments LLC, an independent sales organization founded by Linda Rossetti. Rossetti will remain Bluestone president and take on the executive vice president, strategic initiatives, role at Payroc. Terms were not disclosed.Payments processor Nuvei Corp. said its Nuvei Technologies Inc. unit has been approved by …
• 18 November

  CardFlight Adds 20,000 Merchants and other Digital Transactions News Briefs from 11/18/20

  

  Point-of-sale technology provider CardFlight Inc. said more than 20,000 new merchants so far this year have installed the company’s SwipeSimple software, bringing the total to 70,000. The technology lets merchants accept mobile as well as in-store payments.Square Inc. released Square KDS, software that displays restaurant order tickets from various points of origin, including point of …