Point-of-sale

February, 2025

• 6 February

  Evolv Partners With United Bankers Bank, While Deluxe Posts 2024 Earnings

  

  Evolv Inc. has partnered with United Bankers Bank to provide a merchant-services program to UBB’s community-bank customers. The deal is expected to advance innovative payment solutions across the financial institutions served by United Bakers Bank, according to Evolv and UBB. The services will make up a “concierge-style, white-glove” merchant-services program …
• 6 February

  Lightspeed Says It Will Remain Public As It Posts a 17% Revenue Bump

  

  After more than 19 weeks of strategic review, Lightspeed Commerce Inc. said Thursday it will remain a publicly traded company. That will mean a renewed emphasis on retail, too, it said. Montreal-based Lightspeed announced the review in September, having brought back founder Dax Dasilva as chief executive a year ago, …
• 5 February

  Fiserv Gets Set for a New CEO As Bisignano Trumpets a Strong Quarter

  

  President Donald Trump may have tapped Frank Bisignano to run the Social Security Administration, but for the time being he remains very much in charge of the big processor Fiserv Inc. Early on Wednesday, he reported a robust 2024 in which the company recorded 16% growth in organic revenue—growth apart …
• 5 February

  Financial Services Companies Are Embracing AI for Customer Interaction and in the Back Office

  

  A new report from Nvidia Corp. sheds some light on how quickly and broadly the financial-services industry has picked up on using artificial intelligence tools for the customer experience and in the back office. In its latest “State of AI in Financial Services” report, Nvidia found that 60% of more …
• 5 February

  Checkbook Adds Visa Direct and other Digital Transactions News briefs from 2/5/25

  

  Payments platform Checkbook said its users can now deposit funds in real time through Visa Direct to fund bank accounts connected to more than 4 billion debit cards. Merchant’s Pact, a provider of payments services for banks, said an integration with Q2 Holdings Inc.’s digital-banking service will allow banks to offer an …
• 4 February

  Cyberfraud On the Rise Thanks to AI; Worldpay Acquires Ravelin to Boost Its Fraud Fighting Tech

  

  Thanks to criminals’ increasing adoption of artificial intelligence, cyberfraud rose 14% in 2024, according to a report from Trustpair, a provider of fraud-prevention technology. Overall, 90% of U.S. companies were targeted by cyber fraud the past year, compared to 79% in 2023. The increase is being driven by criminals’ use …
• 4 February

  FIS Enables FedNow Send Capability and other Digital Transactions News briefs from 2/4/25

  

  FIS Inc. said it is one of the first fintechs certified to offer send capability on credit transfers through the FedNow real-time payments network, operated by the Federal Reserve. The company is offering the new service to bank clients for use by both consumers and commercial clients. Hospitality point-of-sale services specialist Olo said …

January, 2025

• 31 January

  Visa Touts Its X Money Deal As It Celebrates Results for Tokens, Credentials, And ‘Tap’ Services

  

  Continuing its focus on developing consumer payments, tapping new business flows, and providing value-added services, Visa Inc. late Thursday posted a strong start to its 2025 fiscal year. Speaking to equity analysts, Visa chief executive Ryan McInerney highlighted Visa’s recent deal with X, formerly Twitter, to power the social-media platform’s …
• 31 January

  COMMENTARY: It’s Not Payments, It’s Politics

  

  In reconnecting with the payments industry after my Congressional run, one topic has come up in conversation more than any other: interchange regulations. Specifically, S.1838, the Credit Card Competition Act of 2023 (CCCA), which takes a market-driven approach to driving down interchange fees.  By enabling two credit card networks on …
• 31 January

  Bluefin’s P2PE Offering and other Digital Transactions News briefs from 1/31/25

  

  Bluefin said it will offer point-to-point encryption capability for the event-management platforms Event Guru and Registration Guru. AstroPay, a Brazil-based cross-border payments fintech, said it has been granted a payment-institution license by the Central Bank of Brazil. Magwitch, a lending-as-a-service platform, has integrated real-time point-of-sale lending technology from U.S. Bank Avvance. …