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- Toast, a 7-year-old provider of point-of-sale and payments software to restaurants, has launched its first POS device, a handheld that servers can use to accept payments and handle other functions. The device replaces a Samsung model the company used.
- Commerce platform Shopify Inc. reported transactions from mobile devices amounted to 75% of traffic and 64% of orders for its merchants in the first quarter, up from 69% and 59%, respectively, in the year-ago quarter. Overall, the company reported revenue of $214.3 million in the quarter, up 68% year-over-year.
- Fidelity National Information Services Inc. (FIS) reported its GAAP revenue fell 3.8% in the first quarter, to $2.07 billion. Operating income rose nearly 20% from $246 million to $294 million.
- NACHA, the governing body for the automated clearing house network, announced ACI Worldwide’s Official Payments unit and Paychex have been certified by NACHA as meeting NACHA standards for third-party senders. TeleCheck, a unit of First Data Corp., and Payment Data Systems were previously certified.
- American Express Co. announced new requirements for merchant acquirers and card issuers regarding contactless payments outside of the United States. Acquirers in Latin America, Europe, the Middle East, Africa, and in the Japan, Asia-Pacific and Australia regions must ensure all new payment terminals are contactless and EMV chip-enabled beginning Oct. 12. Beginning April 12, 2019, all issuers must ensure all new and replacement cards are contactless and EMV-enabled. By April 14, 2023, acquirers in Latin America, Europe, the Middle East and Africa, must ensure all existing payment terminals are contactless and EMV chip-enabled.
- FreedomPay, a payments provider for the hospitality industry, opened a European office in London, headed by former Oracle executive Tony Hammond.
- MetaBank, a unit of Meta Financial Group Inc., extended its agreement with the American Automobile Association for four years. The partnership’s offerings include a travel card and a gift card for the AAA’s 56 million members.
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