Point-of-sale

April, 2025

• 1 April

  The Clearing House’s ACH Volume Swells As Adoption of Digital Transactions Spreads

  

  Transactions on the Electronic Payment Network, the automated clearing house network, operated by The Clearing House Payments Company LLC, totaled 20.7 billion in 2024, a 6.2% year-over-year increase, TCH reported late Monday. Dollar volume during the period totaled $56.4 trillion, a 7.6% rise from a year earlier. Dollar volume on …
• 1 April

  Eye on Acquiring: PAX Debuts Evolve App; Verifone’s $235 Million Investment

  

  With payment terminals as a foundation, PAX Technology Inc. is extending its acquiring support into payments management with its new Evolve payment application.  Meanwhile, Verifone Systems Inc. has lined up $235 million in investment in its latest funding exercise. PAX, which has a U.S. office in Jacksonville, Fla., says Evolve …

March, 2025

• 31 March

  Fiserv’s Clover Goes Down Under and other Digital Transactions News briefs from 3/31/25

  

  Fiserv Inc. has introduced its Clover point-of-sale technology in Australia. The system is now available in 11 countries, supporting a total of 3.5 million POS devices, according to the company. SumUp Payments Ltd. is working with FreedomPay Inc. to offer to the hospitality industry and merchants generally a payments platform with offline capability …
• 28 March

  Alacriti Updates Credit Union’s Payments Operations and other Digital Transactions News briefs from 3/28/25

  

  Lighthouse Credit Union said it will work with payments-technology provider Alacriti Inc. to update the credit union’s payment operations. Point-of-sale equipment maker MagTek Inc. announced an integration with KwickPOS, a restaurant management POS system provider. A survey by Bitget Global Inc. of 4,599 cryptocurrency users shows 46% prefer crypto payments because of speed, but 37% point …
• 27 March

  NMI Taps Mastercard to Power Its New Tap-to-Pay Service for Small Merchants Eyeing Mobile Payments

  

  With an eye on small merchants, payment processor NMI on Thursday announced a tap-to-pay feature driven by Mastercard Inc.’s Cloud Commerce app for Android smart phones or tablets. The service will enable Android-using small and mid-size businesses to accept electronic payments without adding new hardware, Schaumburg, Ill.-based NMI says. NMI-connected …
• 27 March

  Nacha’s Top 50 Originators And Receivers Account for 94% of Payments Volume

  

  The big automated clearing house network Nacha says the volume of ACH payments made at originating institutions increased 7.4% from 2023’s report on the top 50 originators and receivers. Nacha released its annual rankings Thursday and says the volume of ACH payments made at originating financial institutions accounted for 93.8% …
• 27 March

  Wirex Travel Debuts and other Digital Transactions News briefs from 3/27/25

  

  The payments platform Wirex Ltd. has launched Wirex Travel, a travel-booking utility offering discounts and cashback to users paying with a Wirex card. Nayax Ltd. has agreed to embed its payments technology within products from N-and Group, starting with the latter’s automated self-service commerce machines. Payments provider Priority Technology Holdings Inc. has launched Ambient, a …
• 26 March

  NMI Taps Arcum’s AI To Help With Merchant Retention

  

  Payments provider NMI is counting on the addition of an artificial intelligence tool from Arcum to mitigate merchant retention. Announced Tuesday, the partnership integrates Arcum’s AI services with NMI’s Merchant Relationship Management platform, formerly known as IRIS CRM, to enable Schaumburg, Ill.-based NMI to get advance notice of possible attrition …
• 25 March

  J.P. Morgan Payments Expands Its Reach Via Deals With Walmart And Affirm

  

  The big payments provider J.P. Morgan Payments expanded its reach into different sectors this week through deals with leading retailer Walmart Inc.’s Walmart Marketplace and buy now, pay later specialist Affirm Inc. At the Shoptalk conference in Las Vegas, the payments unit of J.P. Morgan Chase & Co., the biggest …
• 25 March

  Blockchain Token First Noted and other Digital Transactions News briefs from 3/25/25

  

  Two U.S. banks, Custodia Bank and Vantage Bank, executed what they say is the country’s first tokenization via blockchain of U.S. dollar demand deposits held at a bank, with the resulting transfer and redemption of stablecoins for a customer. The banks say the test carried low transaction costs and fast settlement. …