Point-of-sale

December, 2024

• 19 December

  Consumers Are Struggling to Pay Their Credit Card Bills on Time, J.D. Power Finds

  

  Consumers may not be racking up more revolving credit card debt than they did in 2023, but their ability to pay their bills on time is coming under pressure, according to a report released early Thursday by J.D. Power. Consumers say they are having a harder time paying their bills, …
• 19 December

  Worldline Adds Flexible Pricing for ISVs

  

  The demand for more flexible pricing from independent software vendors using Worldline’s payment-processing services has spurred a new pricing model. Dubbed FlexPricing, the feature enables ISVs to adapt their pricing strategies to best suit them, Worldline says. Among the capabilities: charging a percentage fee on bank transfer transactions, adding custom …
• 19 December

  CapOne Inches Closer to Discover and other Digital Transactions News briefs from 12/19/24

  

  Capital One Financial Corp.’s proposal to acquire Discover Financial Services for $35.3-billion, announced in February, has been approved by the Office of the Delaware State Bank Commissioner. The proposal includes Discover Bank. Shareholders in both companies are set to vote on the transaction Feb. 18, 2025. Visa Inc. has closed on its offer to acquire …
• 18 December

  VizyPay Revenue up 14% and other Digital Transactions News briefs from 12/18/24

  

  Payments provider VizyPay said it processed $2.06 billion on 39 million transactions in 2024, as revenue climbed 14% to $24.1 million. PDX Global has completed tests for its PDX Beam technology, which converts cryptocurrency to cash in consumer-to-merchant transactions. The company will on Thursday embark on a public beta test of the system. …
• 17 December

  Card Concepts Settles with PayRange and other Digital Transactions News briefs from 12/17/24

  

  Card Concepts Inc. will license mobile-payments technology from PayRange Inc. as part of a settlement of a patent-infringement lawsuit PayRange had brought against rival Card Concepts. Both companies provide payments technology for unattended machines, such as laundry equipment. Unattended payments specialist Cantaloupe Inc. said it will provide the point-of-sale technology and Suites management system for …
• 16 December

  Bealls Enlists Buy Now, Pay Later Through Sezzle As BNPL Adoption Expands

  

  Department-store chain Bealls Inc. is adding buy now, pay later as a payment option at its more than 650 stores nationwide. The provider is Minneapolis-based Sezzle Inc. The Bradenton, Fla.-based chain, which operates stores in 23 states, says it is adding the payment option to provide holiday shoppers more flexibility …
• 16 December

  CargoSprint’s Acquisition and other Digital Transactions News briefs from 12/16/24

  

  CargoSprint, a payments processor for the cargo industry, has acquired Advent Intermodal Solutions LLC, which provides technology for port operations, including payments. Terms were not disclosed. The payments network Modern Rails has begun using the FedLine Direct Solution to support connections to the Federal Reserve’s payment-settlement network for banks and credit unions. …
• 13 December

  Paystone To Acquire Ackroo; MEFA Launches Gift Card program for College Tuition

  

  Ackroo Inc., a Canadian gift card and loyalty platform, announced early Friday it has reached a “definitive” agreement to be acquired by Paystone, a Canadian-based gift card and loyalty processor, in an all-cash deal for $21 million. Paystone will acquire all of the issued and outstanding shares of Ackroo at …
• 13 December

  The ABA’s Letter to the Fed Is the Latest Salvo in the Battle Over Debit Card Interchange

  

  The American Bankers Association on Thursday issued a long and detailed letter it has sent to the Federal Reserve Board to argue its case against a Fed proposal that would reduce a longstanding cap on the interchange banks can earn on debit card transactions. The ABA’s action follows an analysis …
• 12 December

  Slope Taps Marqeta for a B2B BNPL Card; Equipifi Partners With Synergent on BNPL

  

  Slope, a provider of buy now, pay later solutions for business-to-business transactions, announced early Thursday it will use Marqeta Inc.’s card-issuing platform to issue a B2B credit card that features BNPL payment options. The card is expected to make it easier for businesses to manage purchases and cash flow by …