Point-of-sale

September, 2023

• 26 September

  Eye on Block: Citcon Adds Cash App Pay and Afterpay; Square’s New Sales Features Target Holiday Shopping

  

  Citcon USA LLC, an e-commerce wallet-technology provider, is adding Block Inc.’s Cash App Pay and Afterpay buy now, pay later payment methods to its inventory of merchant options. In related news, Block’s Square point-of-sale unit is bolstering merchant selling tools with new online features. Citcon’s integration of Cash App Pay, …
• 26 September

  Flexpoint Jumps in as a Payment Platform And Other Digital Transactions News briefs from 9/26/23

  

  FlexPoint announced its launch as a payments platform for so-called managed-service providers, or organizations that provide information-technology services to companies. Flexpoint also announced a long-term financing program for clients through GreatAmerica Financial Services. Automaker Mitsubishi Electric said it has enlisted BlackBerry Ltd. to supply in-vehicle data services, including digital payments. Commerce-technology provider Treez launched new payments …
• 25 September

  Mercedes pay+ Adds Mastercard to Its In-Car Payment Service

  

  Automaker Mercedes-Benz is enabling in-car fuel payments for users of its Mercedes pay+ service. Announced Monday, the service also integrates Mastercard Inc.’s Secure Card on File for Commerce Platform technology. Available initially only on select Mercedes models in Germany, the fuel payment app joins a parking-payment app the giant carmaker …
• 22 September

  Processor NAB Enters the SoftPOS Sweepstakes With Tap to Pay on iPhone

  

  North American Bancard has joined a growing list of processors offering Tap to Pay on iPhone or its Android-based equivalent to merchants for contactless transactions. A big advantage of Tap to Pay on iPhone, especially for small and micro-merchants, is that it enables them to accept in-person contactless payments on …
• 22 September

  Commentary: Today’s Payments Are Broken. Here’s What to Do About It

  

  Most bankers know that today’s payments are broken. From keeping pace with evolving customer experiences, to navigating the changing regulatory environment, to overcoming competitive threats from nonbanks, many have become so frustrated they are debating whether to abandon some in-house payments channels entirely. Consumers, too, are becoming frustrated with the …
• 22 September

  Varo to Anyone P2P Payments Debuts And Other Digital Transactions News briefs from 9/22/23

  

  Varo Bank entered the peer-to-peer payments fray with Varo to Anyone, which allows Varo accountholders to send funds to anyone who holds a U.S. debit card. Varo says the service carries no fee. Mitek Systems Inc. announced it has agreed to offer its biometric-based identity verification technology to complement the credit-reporting agency Equifax Inc.’s …
• 21 September

  With Congress Back in Session, CCCA Proponents Put on a Full Court Press To Garner Support

  

  Supporters and U.S. Senate sponsors of the Credit Card Competition Act stepped up pressure to pass the bill Wednesday with a Washington press conference featuring Senators Dick Durbin (D-Ill.), Roger Marshall (R-Kan.), and Peter Welch (D-Vt.). The legislators attacked merchants’ card-transaction costs as price gouging and said the levies make …
• 21 September

  IPS Advances IPSIPay Funding And Other Digital Transactions News briefs from 9/21/23

  

  Innovative Payment Solutions Inc. announced it has completed the second of three $500,000 capital contributions to IPSIPay Express LLC, a joint venture aimed at processing digital payments in the sports-betting and online-gaming markets. Partnering with IPSI in the venture are OpenPath and eFinityPay. Reports indicate a security breach at T-Mobile exposed sensitive data, …
• 20 September

  In a Bid to Fight Chargebacks, Sift Gleans Data Via Integrations With PayPal and Adyen

  

  Fresher data flowing directly from payments platforms could mean more effective remedies against chargebacks, some observers say. On Tuesday a major risk-management firm acted on that theory with a service that allows sellers to factor in information regarding chargebacks and disputes that flow through integrations with PayPal Holdings Inc. and …
• 20 September

  Freedom Pay Links With Worldpay And Other Digital Transactions News briefs from 9/20/23

  

  The payments platform FreedomPay said it is expanding its partnership with the processor Worldpay to cover more geographic markets globally. FIS Inc. in July agreed to sell a 55% interest in Worldpay to the private-equity firm GTCR in a deal expected to close in 2024’s first quarter. Buy now, pay later specialist Sezzle Inc. announced an …