Point-of-sale

April, 2021

• 13 April

  Toast Aims to Smooth Ordering And Payment As Restaurants Tentatively Open for Dining in

  

  Cloud-based point-of-sale system provider Toast Inc. has issued updates for its Toast Order & Pay services designed to smooth the ordering and payment aspects. Announced Tuesday, the updates include the ability to gain a pre-authorization against a credit or debit card using the diner’s own device.  Boston-based Toast also made …
• 12 April

  More Than a Year Into the Pandemic, Concerns Are Still Swirling About Bans on Cash

  

  More than a year after the Covid-19 pandemic hit, igniting fears that the virus could be spread by handling currency, a group of three financial associations and a Chicago-based cash-in-transit and money-protection service sent a letter Monday to members of Congress, governors, and state legislators around the country warning about the …
• 12 April

  Buy Now, Pay Later Reveals a ‘More Nuanced Picture,’ According to the Latest Research

  

  The buy now, pay later capability now offered by myriad providers is sweeping the country, but may include a few drawbacks that could hinder future growth, according to a report issued Monday. Research for the report, which included a survey early this year of some 1,500 U.S. consumers, revealed that …
• 12 April

  3-D Secure Use up 73% and other Digital Transactions News briefs from 4/12/21

  

  Cybersecurity provider RSA said payment transaction volume using 3-D Secure increased 73% globally in 2020 over 2019 in its RSA Quarterly Fraud report for the 2021 first quarter.The payments provider FreedomPay said the Foot Locker Inc. chain has installed its payments system across Foot Locker’s more than 2,000 U.S. stores.Workflow-automation company DocuPhase announced it has acquired …
• 8 April

  COMMENTARY: Central Banks Are Pondering the Privacy/Transparency Balance of CBDCs

  

  “We are looking very carefully at the question of whether we should issue a digital dollar,” said Federal Reserve chairman Jerome Powell in testimony before the Senate banking committee. “We are the world’s reserve currency and we have a responsibility to get this right.” As digital currency moves from the …
• 8 April

  Transaction Volume Is On the Road to Recovery After Getting Hammered by Covid, Says Shift4

  

  Just over a year after transaction volume in many merchant segments flatlined due to the economic turmoil caused by the Covid-19 pandemic, activity is showing a steadily strengthening pulse, according to data released Thursday by Shift4 Payments Inc. In March, Shift4’s end-to-end transaction volume totaled $3.3 billion, up 40% from …
• 8 April

  Eye on Retail: Forter’s Anti-Fraud Tools; Mastercard’s 26.3% Retail Sales Increase

  

  Forter Ltd., a specialist in online-fraud prevention, says merchants using the Magento e-commerce platform now have access to its services. Meanwhile, Mastercard Inc. says total U.S. retail sales increased 26.3% in March from March 2020. Online retailers using Adobe Inc.’s Magento platform can use a Magento plugin to ease the …
• 8 April

  Adyen Adds Afterpay Option and other Digital Transactions News briefs from 4/8/21

  

  Payments provider Adyen NV said it is offering the buy now, pay later service from Afterpay Ltd. to its merchants in the United Kingdom, the United States, Canada, Australia, and New Zealand.PayMaple LLC, a payments-technology provider specializing in automobile dealerships, said it has joined a partner program from CDK Global Inc., a …
• 7 April

  CardFlight Extends Its Reach Via Global Payments, While Small Business Sales Rebound

  

  CardFlight Inc. has struck a deal with processor Global Payments Inc. that will see CardFlight’s SwipeSimple point-of-sale technology added to Global’s indirect sales channels. Atlanta-based Global says adding SwipeSimple to its wholesale product lineup will give its independent sales partners an omnichannel payment option. SwipeSimple supports contactless payments, EMV dipped, …
• 7 April

  Loop’s Vend Integration and other Digital Transactions News briefs from 4/7/21

  

  Contactless-technology provider Loop Insights Inc. announced it has integrated its service with an application programming interface for billing from point-of-sale technology provider Vend Ltd. The integration enables onboarding of Vend merchants to Loop’s compliance and reporting platform. Processor Lightspeed POS Inc. last month agreed to acquire Vend in a deal valued at $350 million. …