Point-of-sale

August, 2020

• 24 August

  MagicCube Looks to Expansion as Contactless Grows And Fresh Investment Pours in

  

  With the Covid-19 pandemic accelerating consumer use and merchant acceptance of contactless cards, technology companies are scrambling to exploit new opportunities stemming from the trend. One technology that could get a boost is software that can turn any off-the-shelf smart phone into a payment-acceptance device, a development the major card …
• 24 August

  Ticketing’s Rebound And Other Digital Transactions News Briefs From 8/24/20

  

  Transaction volumes globally for digital tickets for air and rail travel and for events will reach 12.7 billion this year and will pass pre-Covid levels by 2022 at 32 billion, according to a report from Juniper Research. Transportation ticketing, however, is recovering more slowly, with transaction values not expected to reach pre-Covid …
• 20 August

  Digital Payments Strengths Help Adyen Weather the Pandemic

  

  Executives at Adyen N.V. maintained an upbeat tone Thursday in the face of a global coronavirus pandemic that has shut down many businesses, thrown consumers out of work, and upended shopping habits. “Our business has proved itself resilient despite the impact of the pandemic,” said Pieter van der Does, chief …
• 20 August

  Payments Will Help Lead a Post-Pandemic Rebound, a New Report Argues

  

  Payments are expected to play a significant role in the economic recovery that will take place as the Covid-19 pandemic eases, says a new report from Boston-based Aite Group. The ways payments can help jump-start the economic recovery include reducing friction at the point-of-sale, increasing payment access, and integrating the …
• 19 August

  Amidst a Pandemic, Consumers Adapt by Adopting Touch-free Payments and Shopping

  

  The use cases for contactless payments have been there all along, but the Covid-19 pandemic is turning out to be a major motivator in adoption of the touch-averse technology. Evidence comes in a roundup of data from the U.S. Payments Forum, a Princeton Junction, N.J.-based payments association. In its latest …
• 19 August

  The Pandemic Has Stoked Merchant Risk Along With Contactless Payments

  

  With the Covid-19 pandemic accelerating consumers’ use of contactless cards and mobile wallets, merchants can expect hackers to target contactless transaction data at the point-of-sale, says Ruston Miles, founder and advisor at Atlanta-based Bluefin Payment Systems LLC. The main point of vulnerability in a contactless environment at the physical point-of-sale …
• 19 August

  Blackhawk To Distribute Covid-19 Relief Cards and other Digital Transactions News briefs from 8/19/20

  

  Payments provider Blackhawk Network Inc. said it is working with the California Governor’s Office of Emergency Services to distribute a total of $25 million in aid on 50,000 prepaid cards to health-care professionals battling Covid-19. The money was donated by Facebook Inc.Payroll-services provider PayActiv Inc. said its study of usage data from a sample …
• 18 August

  How Map App Waze Is Forging a Link Between Mobile Payments And Loyalty at the Pump

  

  Now that Google’s Waze app has embedded a payment option into its software, the integration of navigation apps and payments and loyalty at the pump is under way, experts tell Digital Transactions News. Last week, Waze announced it has integrated an option that consumers can use to pay at the …
• 18 August

  Walmart’s Online Sales Soar 97% and other Digital Transactions News briefs from 8/18/20

  

  Walmart Inc. reported its U.S. e-commerce sales increased 97% year-over-year in the June quarter.Card-issuing platform Marqeta Inc. has released Marqeta 3D Secure to help issuers combat online fraud and meet regulatory requirements in certain markets. 3D Secure is an authentication protocol developed by the major card networks.Cardknox Development Inc. announced its payments gateway is …
• 17 August

  Credit Union Data Point to Robust Growth for Wallet, Contactless Card, And Online Activity

  

  More evidence emerged Monday that, for all of its horrors, the coronavirus has been a boon for mobile wallets and for contactless payments generally. Wallets, which struggled to win consumer adoption in the United States even with backing from popular tech firms like Apple Inc. and Google, are increasingly turning …