Point-of-sale

October, 2020

• 23 October

  COMMENTARY: Why Attrition Is No Longer a Core Metric for Valuing Merchant Portfolios

  

  Strange times. Seemingly overnight, one of the most durable and heavily weighted key performance indicators (KPIs) for the quality and valuation of traditional, brick-and-mortar merchant-acquiring portfolios has lost its salience. Its meaningfulness has gone from a primary driver of value to a mere footnote.  Not everyone will agree. But when …
• 22 October

  Alliance Data Shifts Its In-House Private-Label Processing Operations to Fiserv

  

  Alliance Data Systems Corp., a provider of loyalty and marketing services, is moving its nearly 24-year-old in-house private-label card processing operations to Fiserv Inc. The move is part of Alliance Data’s strategy of investing in the development of new digital services for its customers, such as offering credit options to …
• 22 October

  Instacart Pairs With Aldi for a First-Time Service Offering Grocery Delivery for EBT Users

  

  As Covid-19 cases spike around the country, grocers and technology companies alike are scrambling to blunt the pandemic’s financial impact. On Thursday, the online delivery service Instacart announced it is starting a program with the grocery chain Aldi to allow recipients of federal SNAP benefits to use their electronic benefit …
• 22 October

  Discover Volume up 11% and other Digital Transactions News briefs from 10/22/20

  

  Discover Financial Services reported its payment-services volume totaled $69.7 billion in the third quarter, up 11% year-over-year. Volume on the Pulse debit network increased 16% to $55 billion owing to larger average spending due to the pandemic and to the lift from stimulus funds.Payments provider PaymentCloud Inc. said it acquired contactless technology startup …
• 21 October

  Eye on Acceptance: Visa Rolls Out Tap to Phone; Chase Launches QuickAccept

  

  Visa Inc. on Wednesday announced the rollout in 15 geographic markets of Visa Tap to Phone, which allows consumers to initiate a transaction simply by tapping a contactless card to a merchant’s NFC-enabled mobile device.  Tap to Phone is now live in numerous countries throughout Europe, Middle East, Africa, Asia …
• 21 October

  PayPal Dips into Crypto and other Digital Transactions News briefs from 10/21/20

  

  PayPal Holdings Inc. announced a service that allows account holders to buy, hold, and sell cryptocurrency directly from their account. The company also said it will make cryptocurrency available as a funding source for purchases at the 26 million merchants worldwide that accept PayPal.Payments provider FIS Inc. said it added pharmacy chain Walgreens …
• 20 October

  QR Codes Reach the Next Stage of Development for Payments: Fraud Detection

  

  With merchant adoption of contactless payment solutions accelerating due to the Covid-19 pandemic, Incognia, a provider of fraud-detection applications, announced an app Tuesday to detect Quick Response code fraud.  The application uses location behavioral biometrics to create a digital fingerprint for the consumer’s identity. It uses the buyer’s real-time and …
• 20 October

  Transaction Pricing Levels Out, According to a New Strawhecker Report

  

  Last conducted in 2016, the latest Third-Party Processing Pricing Benchmark Study from The Strawhecker Group indicates that debit and credit card transaction pricing appears to have leveled off.  The average value of an IP-connected front-end authorization and capture action in 2020 is $0.016 for jumbo wholesale acquirers, or those with …
• 20 October

  Graylin’s and Wallner’s New Venture and other Digital Transactions News briefs from 10/20/20

  

  Payments industry veterans Will Graylin and George Wallner launched a fundraising campaign on Indiegogo for OV Valet, their new company that wants to offer Superkey, a fob that uses near-field communication and magnetic secure transmission technology, to enable tap-and-pay payments.Payments-technology provider VoPay International Inc. said it is working with Visa Inc. to integrate the …
• 19 October

  Ziosk Responds to Covid’s Impact on Restaurants With More Point-of-Sale Technology Products

  

  Though the restaurant industry has taken a hit during most of 2020 because of Covid-19 countermeasures, that doesn’t mean it doesn’t need new technology and services. That’s why Ziosk Inc., a Dallas-based point-of-sale technology provider, accelerated its development schedule this year and released a suite of new products. Now, in …