Friday , March 29, 2024

Search Results for: POS system

GoDaddy Joins With Microsoft to Enable Payments During Meetings on Teams

Businesses were quick to adopt online chat platforms as a handy meeting tool during the pandemic, and now payments providers are starting to target the services as a new venue for transactions. One of the first is GoDaddy Inc., which on Monday announced it is working with Microsoft Corp. to …

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The Maturation of Pot Payments

Cannabis could be a huge opportunity for acquirers, but the wait for a ubiquitous PayPal-of-pot option continues. When it comes to electronic payments, the legal cannabis industry is starting to grow up. Cannabis was once considered the Wild West of the payment world because of all the skullduggery that took …

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15th Annual Field Guide to Innovative Payments

It’s May, and that means it’s time for our annual exercise to seek out and describe the payments players, apart from the big networks, that are rewriting the rules for the digital exchange of value. Since 2004, Digital Transactions has traced the course of payments innovation through its nimblest practitioners—the …

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Security Notes: Banks Are Changing Before our Eyes

Since their inception, banks have offered two categories of services: a place to put money, and a means to grow money. Banks thrived because there was no viable alternative to their offer to safeguard our cash holdings. It is still true today, but not for long. Bankers I talk to …

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Digital Payments As a Competitive Advantage

Small businesses can take on bigger rivals and win—if they’re open to the latest technology. Small- and medium-size businesses respond differently to major shifts in how people find and purchase products and services. Some look at major changes as an opportunity to adopt new resources for getting the most bang …

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As FedNow Gears up for Its July Launch, Specific Applications Beckon, Including Payroll

The official launch of FedNow as a commercial service is set for July, but already the nation’s banking regulator, along with observers, have seen a pattern in where initial participants have been using the real-time payments service. “We’re starting to see more activity around business-to-consumer [payments], related to payroll front …

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Visa Credit Card Volume up 5.2% And Other Digital Transactions News briefs from 4/26/23

Visa Inc.’s U.S. debit card payments volume of $767 billion in its fiscal second quarter increased 9.6% from $699 billion in the quarter ending March 31 a year ago. Its U.S. credit card payments volume of $704 billion was a 10.5% increase from $638 billion a year ago. For all regions, Visa’s …

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Fiserv’s Merchant Business Leads First Quarter Growth

Giant processor Fiserv Inc. said its revenue from its merchant business increased to $1.85 billion in the first quarter, a 12.1% increase from $1.65 billion a year ago. Brookfield, Wis.-based Fiserv said its two other segments—financial technology and payments and networks—also had revenue increases. Revenue for the financial technology business …

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Ingenico Releases App Tool And Other Digital Transactions News briefs from 4/25/23

Payments-technology provider Ingenico launched its AXIUM Payment Experience, dubbed APEX, an app intended to make it easier for businesses to craft payments apps. U.S. payments provider InComm Payments introduced a new unit, InComm Payments Brazil Technology Ltda., to expand the company’s operations in Brazil. Embedded-finance specialist Maast launched a set of new technologies aimed at making …

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The ACH And Debit Top the Growth Charts, According to the Latest Fed Study

Payments analysts looking for where the growth is can find it in the automated clearing house network and in debit cards. With respect to transaction volume, no U.S. payment system grew faster over the three years from 2018 to 2021 than the ACH, which posted a compound annual growth rate …

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