Point-of-sale

September, 2020

• 17 September

  BuyLottoNow Offers Decoupled Debit To Entice Merchants

  

  Convenience-store operators wanting another way to accept payments for lottery games have a decoupled-debit option with the launch of the BuyLottoNow program. The program, provided by iVertical Payment Network LLC, Boca Raton, Fla., charges no fees to merchants, but charges consumers 30 cents per transaction. Consumers enroll a checking account …
• 17 September

  The PureWrist Go Bracelet Launches With Contactless EMV And Prepaid Funding Capability

  

  PureWrist, a contactless-transaction technology provider, on Thursday debuted PureWrist Go, a reloadable flexible bracelet with an embedded EMV chip that allows consumers to make prepaid contactless transactions. PureWrist GO, which retails for $25, plus the amount preloaded on to device, is the flagship product on the PureWrist platform. New York …
• 16 September

  VSoft Launches Bread, the Latest Entry in the Real-Time Payments Sweepstakes

  

  VSoft Corp., a provider of digital-banking and payment solutions to financial institutions, on Wednesday launched the Bread network, a peer-to-peer, consumer-to-business, business-to-consumer, and business-to-business payment network.  Bread enables real-time payments between financial institutions within its network. Money sent and money received is kept within the users’ respective financial-institution accounts, as …
• 16 September

  Avon Calls on Apexx for Processing and other Digital Transactions News briefs from 9/16/20

  

  Beauty-products marketer Avon International has recruited payments provider Apexx Global to process consumer payments to Avon representatives across global markets. Apexx supports credit and debit cards, PayPal, Apple Pay, and Android Pay as well as local payment methods.As the holiday shopping season nears, 39% of merchants surveyed by PayPal Holdings Inc. plan to sell …
• 15 September

  Payroc Acquires eConduit and other Digital Transactions News brief from 9/15/20

  

  Payments provider Payroc Intermediate Holdings LLC has acquired technology provider Blackline Partners LLC, which does business as eConduit. Blackline provides a Web-based API by which software companies can enable clients to accept EMV payments.Visa Canada launched Click to Pay in that country. Click to Pay is based on the EMV Secure Remote Commerce standard for …
• 11 September

  Amid a Reset, USA Technologies Added More Than 3,600 Customers for the Year

  

  Unattended-payments specialist USA Technologies Inc. said it added more than 3,600 new customers in its fiscal year ending June 30, bringing its customer count to approximately 23,000. It ended its 2019 fiscal year with 19,400 customers. The addition comes as Malvern, Pa.-based USAT finds itself with new management, a reorganized …
• 11 September

  AmEx Hires Wells Fargo’s Taylor To Lead U.S. Merchant Services and other Digital Transactions News briefs from 9/11/20

  

  American Express Co. named Colleen Taylor president of U.S. merchant services. Taylor has been executive vice president of merchant services at Wells Fargo & Co. and had worked at Mastercard Inc.The financial newspaper Barron’s is reporting that publicly held Puerto Rico-based payments processor Evertec has hired Goldman Sachs to advise on plans for a sale …
• 11 September

  COMMENTARY: What Will the Future Hold for Chargebacks in Digital Payments?

  

  The chargeback process was introduced more than four decades ago as a consumer-protection mechanism. It was meant to inspire consumer confidence in payment cards, which were still a novel concept at the time. Fast-forward to today, though, and these forced payment reversals have evolved into a significant problem for online …
• 10 September

  NAB Acquires Salido and other Digital Transactions News briefs from 9/10/20

  

  Salido, a vendor of technology to the hospitality industry, announced it has been acquired by payments provider North American Bancard. Terms were not announced.MagTek Inc. said PyePOS, a hospitality point-of-sale system maker, will use MagTek’s DynaDip and DynaWave hardware in its quick-serve restaurant kiosks.EBay Inc. announced it will expand its managed-payments program to France, Italy, …
• 9 September

  Online Gift Card Sales Soar As Pandemic Restrictions Send Consumers to Their Laptops

  

  The pandemic has sparked a huge lift in online gift card sales as consumers make shopping for the plastic part of their e-commerce routine. The number of cards purchased online soared 57% in the first six months of this year compared to the first half of 2019. Some 52% of …