Waffle House Goes Contactless And Other Digital Transactions News briefs from 8/14/23
Digital Transactions News staff
August 14, 2023
Acquiring, Competitive Strategies, Debit Cards, Digital Currency, Electronic Bill Payment, Law and Regulation, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Real-time Payments, Transaction Processing
- The Waffle House restaurant system has adopted chainwide contactless payment capability, including mobile-wallet acceptance, through the Oracle Payment Cloud service.
- A startup called iWallet said it will adopt FedNow for mobile check deposits. The Federal Reserve launched the FedNow real-time payments service last month.
- MarginEdge, a bill-payments provider, launched a mobile bill-payment app for restaurant operators to pay suppliers.
- Crypto ATM operator Bitcoin Depot Inc. reported June-quarter revenue of $197.5 million, up 18% year-over-year, with gross profit of $25.9 million, up 87%. Its net loss totaled $6.1 million, a swing from $4.1 million in net income a year ago. The 7-year-old company, which went public earlier this year, operates 6,400 kiosks in North America.
- Cryptocurrency exchange Coinbase has launched in Canada and will use the Interac payment service to enable fund deposits and withdrawals through Interac e-transfers.
- HipFinity, a payments provider with its own point-of-sale terminals, announced POS Nerds, a POS device distributor, will offer HipFinity devices.
- Payments provider Payroc said it will offer software services from Konnectryrx to its merchants.
- First Iraqi Bank said it is making Visa Direct, a near real-time payments service, available in Iraq.
- Apple Inc. is fighting back in Australia against proposed regulation, backed by banks, that would grant direct access to Apple’s NFC technology used for Apple Pay and Apple Wallet transactions.
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