Point-of-sale

August, 2020

• 17 August

  COMMENTARY: How Coronavirus Will Shape the Future of Self-Service Banking

  

  Self-service banking has long had a strong reputation as a safe, trusted, and convenient channel. This is a key part of its value proposition to both financial institutions and their customers. While Covid-19 has temporarily reduced cash use and impacted transaction volumes based on the many restrictions large parts of …
• 17 August

  AmEx To Acquire Kabbage and other Digital Transactions News briefs from 8/17/20

  

  American Express Co. announced it has agreed to acquire digital lender Kabbage Inc. in a deal expected to close later this year. Kabbage’s existing loan portfolio is not included in the transaction, for which terms were not announced. Eleven-year-old Kabbage entered the payment processing business in 2018.Restaurants and other businesses in Pasadena, Calif., …
• 14 August

  InComm Is Expanding in Canada With a Payments Deal With the Metro Grocery Chain

  

  Prepaid payments specialist InComm Inc. announced a big step in the Canadian market this week with a deal to expand its services this summer to some 704 grocery stores in Ontario and Quebec using the Metro banner or affiliated brands owned by Metro Inc. InComm says it will offer Metro …
• 14 August

  Movie Chain Promotes Contactless Payments as It Reopens and other Digital Transactions News briefs from 8/14/20

  

  Movie theater chain Cinemark Holdings Inc. announced it is encouraging consumers to use contactless payments when it reopens its locations beginning Friday.Curb, a mobile platform for taxi-ride hailing and payments, said the city of Chicago Department of Business Affairs and Consumer Protection is the first client for a new service aimed at …
• 13 August

  Kallpod’s Kontactless Services Debuts and other Digital Transactions News briefs from 8/13/20

  

  Kallpod LLC announced its Kontactless Quick Response code-based payment service is now available at select Hyatt, Courtyard Marriott, and Hilton locations. Consumers can place orders for food, beverages, and merchandise to be delivered where the user is sitting. They scan a QR code at a table or seat, which opens a …
• 13 August

  Standard Cognition Argues It Has a Better Alternative to Amazon Go. Will Circle K Prove It?

  

  Standard Cognition Corp., a San Francisco-based provider of autonomous checkout systems based on artificial intelligence, expects to have the first of Alimentation Couche-Tard’s Circle K convenience stores retrofitted and up and running in early 2021, with potentially dozens more to follow. The first store to adopt the technology will be in …
• 12 August

  Acquirer Services Firm CardSmart.io Debuts and other Digital Transactions News briefs from 8/12/20

  

  Payments-industry veterans Con Coughlin and Mackenzie Walsh have formed CardSmart.io, aimed at providing services including portfolio acquisition and merchant funding while working with independent software vendors, independent sales organizations, agents, and resellers.Houston-based P97 Networks Inc. announced it has been chosen by ExxonMobil Asia Pacific Pte Ltd. to enable mobile payments at Mobil-branded stations …
• 11 August

  Eye On Dining POS: Shift4 Adds Uber Eats; SpotOn Transact Buys SeatNinja

  

  With the Covid-19 pandemic accelerating restaurants’ transition to digital payment technology, processors Shift4 Payments Inc. and SpotOn Transact Inc. have beefed up their platforms through deals to add third-party applications.  Allentown, Pa.-based Shift4 has agreed to integrate San Francisco-based Uber Technologies Inc.’s Uber Eats delivery app to its point-of-sale platform. …
• 11 August

  Eye on Contactless: Touchless Comes to Wynn Resorts And Klarna Adds a Google Pay Option

  

  More contactless payment options are coming for Las Vegas visitors and shoppers who want to make installment purchases in stores. FreedomPay says it has installed contactless and touchless payment systems at more than 100 venues at the Wynn Las Vegas and Encore Boston Harbor resorts. Meanwhile, installment-payment provider Klarna AB …
• 11 August

  Fortis and Blue Dog Merge and other Digital Transactions News briefs from 8/11/20

  

  Payments providers Fortis Payment Systems LLC and Blue Dog Business Services LLC announced they have merged. Terms of the transaction were not disclosed.ATM portfolio manager Payment Alliance International Inc. said it has acquired the Cash-N-Go ATM portfolio of Cash N Go ATM Network Inc. The deal adds almost 400 machines to Payment Alliance’s portfolio, …