Point-of-sale

May, 2023

• 25 May

  BNPL Providers Could Do a Better Job Protecting Consumers, Consumer Reports Finds

  

  Despite the increasing popularity of buy now, pay later loans, some BNPL providers could do a better job when it comes to providing consumer protections, such as disclosing fees and enabling consumers to manage their data and privacy settings, a study by Consumer Reports found. When it comes to the …
• 25 May

  Faster Payments Are Top of Mind for Most Consumers And Businesses

  

  Instant payments gratification continues to take hold among businesses and consumers. New evidence of that from a couple of Federal Reserve surveys shows that 83% of businesses and 75% of consumers already use some form of faster payments. Favorable sentiment toward instant payments could increase as 66% of businesses and …
• 25 May

  Priority Makes Bid on Plastiq Assets And Other Digital Transactions News briefs from 5/25/23

  

  Payments provider Priority Technology Holdings Inc. announced it has entered into a so-called stalking-horse agreement to bid on the assets of Plastiq Inc., an 11-year-old payments provider that has entered Chapter 11 restructuring. Terms of the bid were not disclosed. Freshmart, a Puerto Rico-based grocer with seven stores, said it has chosen eGrowcery to …
• 24 May

  Citizens Launches Cards For the Visually Impaired

  

  Citizens Bank has launched the Private Client World Elite Mastercard, which uses tactile notches on the side of the card to help visually impaired consumers determine the type of card they are using—credit, debit or prepaid—by touch alone. The card features different types of notches to distinguish the card type …
• 24 May

  U.S. Investors Are Optimistic About Bitcoin in the Face of the Coin’s Recent Travails

  

  U.S. investment managers have grown bullish about Bitcoin’s prospects despite recent events that have roiled digital-currency markets, research released Wednesday indicates. Feeding the renewed optimism are prospects for “improved regulation” and expectations of a “recovery in valuations” for Bitcoin, according to the research, in which 30 major investment managers were …
• 24 May

  Green Payments Notes Growth And Other Digital Transactions News briefs from 5/24/23

  

  Four-year-old payments provider Green Payments said it has expanded into a new office after what it says was a “record year of portfolio and employee growth.” The company, which focuses on health care, hospitality, and automotive sales, says its portfolio grew 134% last year to a total of $1.2 billon in volume. …
• 23 May

  Cantaloupe Enlists Amazon to Add Potency to Its Cloud-Based Platform

  

  Cantaloupe Inc., a specialist in micropayments, announced on Tuesday it has teamed up with Amazon Web Services Inc. (AWS) to use AWS cloud services and make AWS its preferred provider to handle transaction volume flowing through Cantaloupe’s merchant network. Cantaloupe, which specializes in payments technology for vending machines and self-service marketplaces, handles …
• 23 May

  Eye on Biometrics: Amazon One Adds Age Verification; WeChat Adds Palm Payments

  

  Amazon.com Inc. is adding another feature to its Amazon One palm-based identity service, and Chinese site WeChat has brought palm recognition to cameras used for facial recognition. Amazon One has added an age-verification component, Amazon said in a blog post. Launched in 2020, the technology recently expanded beyond Amazon properties …
• 23 May

  Citizens’ $9 Million CFPB Penalty And Other Digital Transactions News briefs from 5/23/23

  

  As part of a settlement with Citizens Bank, the Consumer Financial Protection Bureau is requiring the bank to pay a $9-million civil money penalty for its alleged failure to “properly manage and respond to customers’ credit card disputes and fraud claims.” The agreement is subject to approval by the court. UATP, a …
• 22 May

  Eye on Restaurants: SpotOn Releases New POS Hardware; Shift4 Launches SkyTab Contest

  

  In the hotly competitive restaurant point-of-sale market, acquirers are constantly devising new products and enticements to attract these merchants. To that end, SpotOn Transact LLC said Monday it has released three new point-of-sale devices for restaurants, and Shift4 Payments Inc. has enlisted hospitality expert Jon Taffer in a contest. Announced …