Point-of-sale

September, 2020

• 29 September

  Nuvei Makes a Bet on Colorado and other Digital Transactions News briefs from 9/29/20

  

  Nuvei Corp. said it received a sports betting vendor license in Colorado, enabling it to process payments there for regulated sports betting sites and apps.Mastercard Inc. and ACI Worldwide Inc. said they will collaborate to support real-time payments capabilities, initially for central banks, payments networks, financial institutions, and payments providers.To help businesses …
• 28 September

  Eye on IoT: More Wearables Gain Payment Functionality And Loop Insights Makes a Property Deal

  

  Despite the slowdown in manufacturing as a result of the Covid-19 pandemic, shipments of wearable devices, which are often fitted for payments, are forecast to hit 396 million units in 2020, a 14.5% increase from 2019, says International Data Corp.  During the first half of 2020, 38% of all wearable …
• 28 September

  Mobile Wallet Debit Card Use Grows and other Digital Transactions News briefs from 9/28/20

  

  Consumers appear to like using their mobile wallets for payments, with PSCU, a credit union service organization, reporting a 70.3% increase in the use of debit cards for the week ending Sept. 20 over the week ending Sept. 22, 2019. Credit card use in wallets was up 50.4%.Some 76% of small-business owners will …
• 25 September

  Contactless Is Gaining Favor Fast Among Consumers And Merchants, AmEx Data Show

  

  Consumer demand is so strong that 81% of merchants surveyed by American Express Co. intend to make contactless payments a permanent option at the point of sale. Some 70% of merchants say their customers have asked for contactless payments, J.J. Kieley, vice president of the AmEx Payments Consulting Group, tells Digital …
• 24 September

  In the Face of Covid-19, PayByPhone Grows Its Roster of Colleges for Its Mobile Payment App

  

  To the extent students are returning to college campuses, payments companies are pursuing opportunities in contactless payments—even when it comes to paying for parking. PayByPhone Technologies Inc. on Thursday said that with recent additions its mobile parking app is now available at 29 North American colleges and universities.  The app …
• 24 September

  Revel Advisory Board Debuts and other Digital Transactions News briefs from 9/24/20

  

  Point-of-sale system develop Revel Systems Inc. formed the Revel Advisory Board, whose members will advise and guide Revel clients on subjects such as franchise planning, scalability and growth, technology, and data use.Processor Paya Inc. and FinTech Acquisition Corp. III, a special-purpose acquisition company, announced FinTech Acquisition Corp. III has filed a Form S-4 related to the …
• 23 September

  Plastic Starts to Take a Back Seat As Mastercard Expands Its Digital Card Program

  

  Mastercard Inc. announced Wednesday plans to expand its Digital First card program in North America by partnering with payment processors to provide guidelines for consumer experience with digital payment cards.  Processors Mastercard is partnering with include CoreCard Software Inc., FIS Inc., Fiserv Inc., Galileo Processing Inc., i2c Inc., Marqeta Inc., …
• 23 September

  Clearent Acquires Wintac and other Digital Transactions News briefs from 9/23/20

  

  Clearent LLC announced the acquisition of Wintac, a software developer for the residential contractor industry. Wintac will become part of FieldEdge, a Clearent subsidiary. Terms were not disclosed.Payments provider Priority Technology Holdings Inc. has completed a previously announced sale of its RentPayment business to real-estate technology provider MRI Software. Priority will continue to …
• 22 September

  Priority Teams With Behalf on a Merchant Financing Option

  

  Priority Technology Holdings and its Priority Payments Systems and Priority Commercial Payments units are working with business-to-business credit provider Behalf Inc. to allow Priority clients to finance purchases at checkout through Behalf rather than through cash, check, or credit card. The move comes as many small businesses continue to contend with …
• 22 September

  POS Credit To Grow 92% and other Digital Transactions News briefs from 9/22/20

  

  Online purchases using installment credit will total $680 billion globally in 2025, up 92% from $353 billion last year, projects Kaleido Intelligence.In related news, point-of-sale installment lender Laybuy launched a partner program to help smaller retailers offer the credit. More than 6,000 merchants offer Laybuy.MetaBank N.A., a unit of Meta Financial Group Inc., …