Point-of-sale

October, 2020

• 12 October

  Shift4 Adds an Ordering Capability to Its QR Code Technology for Restaurants

  

  Shift4 Payments Inc. on Monday announced it is expanding its Quick Response code capabilities for restaurant clients to include an ordering function. Customers will now be able to scan a QR code displayed by the eatery to bring up a menu and to place an order, the Allentown, Pa.-based processor …
• 9 October

  As a Deadline Nears, TNS Offers Deferred Payments for Installing EMV at the Pump

  

  With gas stations and convenience stores feeling the economic pinch from the slowdown in sales caused by the Covid-19 pandemic and uncertainty over the economy, Transaction Network Services Inc. announced a new pricing structure to help cut station owners’ telecom-network installation costs for EMV at the pump. Transaction Networks Services (TNS) …
• 8 October

  As Consumers Turn to Digital Options, POS Lending Finds a Receptive Market, TransUnion Says

  

  Consumers are significantly increasing their use of digital channels when engaging with lenders, says research from TransUnion LLC released Thursday. That trend includes point-of-sale lending, which is rising fast during the Covid-19 pandemic, according to the study. Since the pandemic hit the United States in March, 40% of consumers have …
• 8 October

  Expect Strong 4Q Credit Card Use and other Digital Transactions News briefs from 10/8/20

  

  New research from Kount Inc. showed that 57% of consumers expect to use credit cards as their payment choice in the 2020 holiday season. That compares with merchants who expect credit cards to be used 84% of the time. Debit card use is closer, at 65% for consumers and 70% for merchants. …
• 7 October

  Pizza King Switches to Revel POS System and other Digital Transactions News briefs from 10/7/20

  

  Cloud-based point-of-sale maker Revel Systems said restaurant chain Pizza King will use the Revel Enterprise POS system across its 49 locations, including payment processing via Revel Advantage. Pizza King also will use Revel’s technology for integrations with an employee scheduling application and a gift card provider.ParTech Inc. introduced PAR Payment Service. Designed for …
• 6 October

  A Survey Quantifies How Consumers Are Displacing Cash in Favor of Cards

  

  Consumers are replacing cash with payment cards during the Covid-19 pandemic, according to the “Purchasing in a Pandemic” report issued by Visa Inc. and consultancy The Strawhecker Group. Among the findings is that 26% of respondents expect to use less cash following the pandemic when compared to before. That, coupled …
• 6 October

  Eye on POS Credit: Klarna Nabs Macy’s, And Afterpay Clinches a Deal With Simon Property

  

  Economic uncertainty stemming from the Covid-19 pandemic has stoked consumer interest in point-of-sale credit, and providers of the service are acting to satisfy that urge. The latest moves came Tuesday from payments processor Klarna AB and installment-credit provider Afterpay Ltd. Klarna said it will provide its installment-payment feature to Macy’s …
• 6 October

  49ers’ Home Levi’s Stadium Going Cashless and other Digital Transactions News briefs from 10/6/20

  

  Levi’s Stadium, home of the San Francisco 49ers National Football League team, will transition to cashless when fans are able to return to the venue, the team announced. Card and mobile payments will be used for concessions, merchandise, and other purchases. The stadium is the first fully contactless-enabled NFL venue, the team …
• 5 October

  PayPal Adds QR Codes to a Visa-Branded Venmo Card Issued by Synchrony With an NFC Chip

  

  PayPal Holdings Inc. on Monday launched a Visa-branded credit card for its Venmo peer-to-peer payment service that features a QR code for P2P transfers in addition to a near-field communication chip for merchant acceptance. The new product arrives as PayPal searches for ways to boost revenue for its wildly popular …
• 5 October

  Debit Use Rises at Restaurants and other Digital Transactions News briefs from 10/5/20

  

  For the week ending Sept. 27, debit card use was up 4.2% at restaurants, not including fast food, and credit card use was down 16.9% compared to the week ending Sept. 29, 2019, according to the Tracking Transaction Trends report from PSCU, a credit union service organization. Debit card use was …