News

June, 2025

• 26 June

  The Cloud Rules in Point-of-Sale Products, TSG Report Finds

  

  It’s not a secret how cloud-based connectivity has changed payments, and now a quantifiable 78% of all point-of-sale product providers have at least one cloud-based POS product, finds the 2025 Directory of POS providers from TSG, an Omaha, Neb.-based payments advisory firm. The directory, which catalogs more than 5,500 data …
• 26 June

  As Colleges Pay Athletes, PayPal Looks to a Big Role in the Big 10 and Big 12

  

  PayPal Holdings Inc. will process payments from universities to student athletes under multi-year deals the payments company announced early Thursday. PayPal’s agreements with the Big 10 and Big 12 college conferences follows a court ruling June 6 that permits colleges and universities to include student athletes in a revenue share. …
• 26 June

  Affirm Goes Gaming and other Digital Transactions News briefs from 6/26/25

  

  In partnership with Xsolla, a provider of videogame-commerce platforms, Affirm Inc. has agreed to offer its payments options through online-game developers. Square, a unit of Block Inc. released its Square Handheld device in the United Kingdom. Square launched the device in May in the United States. Stablecoin-card issuer Rain said it will work with Toku, a …
• 25 June

  Embedded lending as a growth strategy for ISVs – how to maximize revenue potential

  

  Steven Velasquez, Head and Senior Vice President of Partner Business Development – U.S. Bank | Elavon As consumer expectations for seamless buying experiences continue to rise, independent software vendors (ISVs) that embed payments into their platforms position themselves to capture greater market share in a growing and increasingly competitive software …
• 25 June

  Eye on Hospitality: Square Greets Concert-Goers at a New Toronto Venue; PayPal’s Summer Promo at Taco Bell

  

  Building on its three-year partnership with the big entertainment promoter Live Nation in Canada, Block Inc.’s Square unit said Wednesday it will roll out point-of-sale payments at the new Rogers Stadium in Toronto, starting June 29. Rogers Stadium stands to become a major new seasonal transaction source for Square, which …
• 25 June

  Many End up Paying Ransomware Demands, Though Less Than They Did in Prior Years

  

  The scourge of ransomware is not abating, but some of its impact may be. That’s because companies are getting better at negotiating payments of less than the original demand, according to a new report from Sophos, a cyberfraud-prevention firm. In its “State of Ransomware” report, released Tuesday, Sophos says 49% …
• 25 June

  Xero’s $2.5 Billion Melio Deal and other Digital Transactions News briefs from 6/25/25

  

  Xero Ltd., an accounting and payments firm, announced it will acquire the payments platform Melio Inc. for $2.5 billion upfront, with another $500 million in payments tied to performance targets. The commerce platform NuOrder by Lightspeed launched Order Trends, a compilation of statistics aimed at informing merchants’ buying decisions. Canada-based fintech Nuvei Corp. said …
• 24 June

  In the Wake of Fiserv’s New Stablecoin, Mastercard Trumpets Its Digital Initiatives

  

  Stablecoins are the talk of the payments town, and some observers are questioning whether these new digital alternatives could undercut the core network businesses of Mastercard and Visa. Now, Mastercard Inc. has announced several initiatives it says will keep it in the thick of the growing stablecoin market. In a …
• 24 June

  AI-Assisted Mobile Device Takeovers Are Becoming a Threat to Consumers

  

  While fewer consumers reported identity crimes between April 2024 and March 2025 compared to the same time a year earlier, the number of consumers reporting multiple identity crimes increased, The Identity Theft Resource Center says. In its annual industry report, the IRTC says reports of identity crimes declined 31% to …
• 24 June

  Lightspeed’s Expanded Saks Deal and other Digital Transactions News briefs from 6/24/25

  

  The commerce platform NuOrder by Lightspeed said it will work with Neiman Marcus and Bergdorf Goodman as part of an expanded agreement with Saks Global. In related news, Lightspeed Commerce Inc. said it will integrate reservations software from Whoosh for golf and club clients using Lightspeed’s payments platform. Shift4 Payments Inc. said it has yet …