Point-of-sale

February, 2020

• 19 February

  USA Technologies Eyes Growth in Software-Based Services And Expansion Into Japan

  

  While playing defense in a proxy war with the company’s largest shareholder, vending-machine payments provider USA Technologies Inc.’s top executives are looking for growth through software-based services, and expansion into adjacent markets and other countries, particularly Japan.  “Our go-to-market strategy is to advance our sales efforts as an integrated software …
• 18 February

  Perk Hero Debuts as Glance Technologies Changes Its Name Amid a Quest for Younger Consumers

  

  The payment habits of Generation Z and Millennial consumers are providing some of the motivation for Glance Technologies Inc. to change its name and mission. Millennials were born between 1981 and 1996, and those born in 1997 and later are Gen Z members. Announced Tuesday, the new corporate name is …
• 18 February

  Fiserv Tests PIN-on-Mobile and other Digital Transactions News briefs from 2/18/20

  

  Fiserv Inc. said its First Data unit is piloting PIN-on-mobile technology in Poland, with plans to expand the program to the rest of Europe, the Middle East, Africa, and the Asia-Pacific region. The technology, which allows merchants to accept PINs on off-the-shelf mobile devices, was developed in collaboration with Visa Inc., Samsung Electronics …
• 17 February

  A German Company Unveils a Checkout Buster That Relies on Breakthroughs in RFID Scanning

  

  As merchants and their technology partners continue to develop technology to ditch the familiar checkout, a German entrant on Monday demonstrated a system that would use radio-frequency identification to charge customers as they walk out with their goods. The system, dubbed “payfree,” involves an app that consumers would install in …
• 17 February

  Restaurant POS Systems and Payments Provider Toast Raises $400 Million in Expansion Drive

  

  Toast Inc., a software, point-of-sale hardware, and payments provider for restaurants, has raised $400 million in another funding round. The Boston-based firm introduced its first POS device in the spring of 2018, and among its services it acts as a payment facilitator for restaurants. The company says revenue increased 109% in …
• 14 February

  Ingenico Names New North America Executive and other Digital Transactions News briefs from 2/14/20

  

  Ingenico Group S.A. named Peter Stewart executive vice president of Ingenico North America. Stewart has more than 25 years of experience in the technology industry. A specialist in point-of-sale equipment and processing, Ingenico Group has agreed to be acquired by processor Worldline S.A. in an $8.6 billion deal.CHR Corp., which does business under …
• 13 February

  With Expanded Merchant Business Thanks to Worldpay, FIS Seeks to Exploit Its Acquiring Chops

  

  When Fidelity National Information Services Inc. closed on its $43 billion acquisition of Worldpay Inc. last summer, the payments industry knew the massive deal would boost FIS instantly into the top ranks of global merchant processors. On Thursday, the company let the world know just how big its position in …
• 13 February

  WooCommerce Adds CBD-Specific Features and other Digital Transactions News briefs from 2/13/20

  

  E-commerce platform WooCommerce said it is offering CBD-selling merchants new services for monitoring security issues, printing shipping labels, and automatic tax calculation.Acadia POS and merchant-services provider GCG Consulting Inc. said they handled nearly 50,000 transactions on 77 PAX Technology point-of-sale devices at the recent Waste Management Phoenix Open.Business-payments firm Biller Genie said its clients are …
• 12 February

  The New Global Payments Looks to Value to Offset Impending Visa Rate Changes

  

  News of impending interchange-rate revisions from Visa Inc. may have roiled the payments industry, but for processing giants like Global Payments Inc., the impact will simply be business as usual. Top Global executives made that point crystal clear Wednesday. “We see these [rate changes] all the time. We have to accommodate …
• 11 February

  RILA Calls for Action on the Fed’s Debit Cap As Powell Testifies Before Congress

  

  Federal Reserve Board chairman Jerome Powell is testifying before Congress this week, and mixed in with questions and answers about interest rates, economic growth, and employment could be queries about when the Fed is going to update its cap on the fees issuers can charge for debit card transactions. At …