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Eye on POS Tech: POS Nation Acquires GrazeCart; Toast Signs Caribou Coffee

Point-of-sale technology provider POS Nation has acquired e-commerce platform GrazeCart for an undisclosed sum. The deal will provide POS Nation with access to an e-commerce platform that will expand its reach to new customers in food suppliers, such as farmers and ranchers that sell direct-to-consumer under their own brand, POS …

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Fiserv Extends Clover Discounts to Genesis Bank Merchants

Fiserv Inc. is partnering with Genesis Bank to provide low-to-moderate income small businesses in Southern California serviced by the bank access to its Clover point-of-sale technology at a reduced cost. The deal opens the door for low-to-moderate income small businesses a way to access to select Clover technology bundles with …

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PSCU/Co-op Debuts a BNPL Service for Credit Unions

Credit union service organization PSCU/Co-op Solutions released its buy now, pay later service to credit unions, enabling their cardholders to make installment payments on their card-based purchases. PSCU/Co-op, which merged Jan. 1, says cardholders whose credit unions enroll in the service can choose qualifying transactions to pay back in installments. …

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The ACH’s Star Still Burns Bright

Despite increased competition from real-time payments networks, the automated clearing house remains a force in payments and is expected to remain one for the foreseeable future. “Ubiquitous,” “reliable,” “low-cost,” and “highly efficient” are the adjectives that payments executives seize on when asked to describe what makes the automated clearing house …

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Amazon Adds BNPL in Mexico And Recruits SellersFi for Amazon Seller Financing

Amazon.com Inc. is offering buy now, pay later loans in Mexico through a partnership with Kueski Pay, a BNPL program in Mexico. Shoppers on Amazon Mexico can use Kueski Pay to pay for their purchases in four or 12 bi-weekly installments through a linked bank account or debit card, or …

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PayPal Ventures Invests in Mesh Connect—With Its Stablecoin

PayPal Holdings Inc. has put its new stablecoin to work as an investment tool with a PayPal USD investment in Mesh Connect Inc., an embedded-finance platform. Announced Monday, the stake from PayPal Ventures, the digital wallet’s investment arm, was made almost entirely in PayPal USD, a stablecoin PayPal introduced in …

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Wirex’s Latest Move Aims to Protect Users From Dark Web Scams

Digital-payments provider Wirex says it is working with ZeroFox Holdings Inc., a provider of cybersecurity technology, to incorporate ZeroFox’s Dark Web Monitoring app into its platform. Wirex’s blockchain-based service enables consumers to buy, sell, send, spend, and store fiat and crypto currency through the Wirex digital wallet. ZeroFox’s Dark Web …

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Visa Enhances Merchant Security in the Era of Digital Fraud

As the digital economy continues to grow, people are relying on virtual transactions more than ever. But with the expansion of digital money movement comes new opportunities for fraudsters to exploit merchants and their customers. In today’s economy, fraudulent activity can happen anywhere, to just about anyone. Digital cybercriminals are …

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Turning Cars into Mobile Payment Machines

As digital transactions proliferate, technology is enabling automakers to do more than make it easy to pay for parking from a dashboard. Features that have been standard in many cars, such as heated seats, can now be a service fee away. Such software-related revenue is forecasted to grow at a …

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A Home for Unused Gift Cards And Other Digital Transactions News briefs from 12/20/23

The payouts platform Onbe said it will enable instant payment on virtual Mastercard cards to consumers who want to sell unused gift cards on the CardCash secondary gift card market. Buy now, pay later platform Affirm Inc. said it is expanding to self-checkout kiosks in more than 4,500 U.S. Walmart stores. U.S. households spend …

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Digital Transactions