Point-of-sale

September, 2020

• 1 September

  Eye on Cannabis Payments: POSaBit Reports Record Growth And AeroPay Forms a Banking Tie-Up

  

  The Covid-19 pandemic has been good for the legal cannabis industry. POSaBit Systems Corp., which markets point-of-sale systems and services to the industry, reported second-quarter revenue growth and payments provider AeroPay is working with Safe Harbor Private Banking on a new payments service for the industry. Kirkland, Wash.-based POSaBit says it …
• 1 September

  Shift4 and Sionic Target Restaurants and other Digital Transactions News briefs from 9/1/20

  

  Shift4 Payments Inc. will provide tokenization, gateway, and end-to-end payment processing for a digital-commerce platform from Sionic Mobile Corp., according to a joint announcement from the companies. The initial focus is on restaurants, including services for online ordering and existing mobile payment and loyalty apps.Fiserv Inc. announced that starting Tuesday consumers with Alexa-enabled cars or …
• 1 September

  Beyond Contactless: Giant Eagle Recruits Grabango for Checkout-Free Stores

  

  Cashierless technology is spreading as stores hunt for ways to automate service and payments while keeping operating costs in check. The latest example is supermarket chain Giant Eagle Inc., which has teamed up with Grabango Co., a Berkeley, Calif.-based provider of checkout-free technology, to introduce cashierless technology to its GetGo …

August, 2020

• 28 August

  Mastercard’s Streamlined Retail and Other Digital Transactions News Briefs from 8/28/20

  

  Circle K, Delaware North, Dunkin’, and White Castle are among retailers working with Mastercard Inc.’s Shop Anywhere and AI Powered Drive Through services, which aim to reduce customer waiting times and checkout lines while offering vehicle recognition, voice ordering, and artifical intelligence for drive-through lanes.Point-of-sale installment lender Affirm Inc. announced it is providing …
• 27 August

  A Covid-Inspired Push for Embedded Payments Helps Spur Four-Fold Growth for Finix

  

  With more independent software providers and financial-technology companies embedding payment capabilities in their applications, Finix Payments Inc., a provider of payment applications, has seen its transaction volume jump more than fourfold from the second quarter of 2019 through the second quarter of 2020. Key drivers of the growth include a …
• 27 August

  Klarna Sees Both Online And In-Store Volumes Grow as the U.S. Market Looms Large

  

  Online volume has soared for Klarna AB but the Swedish payments company’s efforts to go into physical stores are also bearing fruit, the company reported early Thursday. Klarna, which offers consumers the opportunity at checkout to extend payments over time, reported its “in-store proposition” is now active in 10 geographic …
• 27 August

  Bill.com Teams With Keybank And Other Digital Transactions News From 8/27/20

  

  Cloud-based business software provider Bill.com has teamed with KeyBank to launch Key CashFlow, an online-banking facility that streamlines payments for small businesses.Point-of-sale installment lender Affirm Inc. said it is working with David’s Bridal to allow brides to pay for their wedding gowns with payments over three or six months at …
• 26 August

  Visa Leverages Artificial Intelligence for Smarter Stand-in Processing

  

  Refused transactions are frustrating enough for cardholders and merchants, but during a pandemic they could be especially nerve-wracking. Visa Inc. on Wednesday announced a new service for stand-in processing that the payments network says should yield faster and more accurate results when issuers’ systems are down. The new Smarter STIP …
• 26 August

  EVO Teams With OTI And Other Digital Transactions News Briefs From 8/26/20

  

  EVO Payments Inc. said it will offer payment equipment and services from On Track Innovations Ltd. to independent software vendors and unattended payments merchants.Bluefin Payment Systems LLC announced that Invoice Cloud, an electronic bill presentment and payment provider, will use Bluefin’s point-to-point encryption service.Data security services provider ControlScan Inc. said …
• 25 August

  One-Third of Fuel Retailers Are Unlikely To Meet the April 2021 EMV Deadline, a Survey Reveals

  

  With less than a year to go before gas stations are scheduled to become EMV-compliant at the pump, readiness among fuel merchants remains uneven. A recent study by Naples, Fla.-based ACI Worldwide reveals 47% of major petroleum merchants remain unprepared to meet the deadline and 20% are still in the …