The era of the smart point-of-sale terminal has already dawned, and now the race is on for dominance. North American Bancard Holdings LLC on Thursday launched its PayAnywhere smart terminal, which runs on NAB’s PayAnywhere mobile-payment software. The move follows news earlier this week that terminal startup Poynt Co. is …
Read More »If Mobile Wallets Functioned More Like Leather Wallets, Usage Might Get a Lift, Research Says
Ever since mobile payments first captured the public imagination four years ago with the launch of Apple Inc.’s Apple Pay, experts have debated why usage of the iOS and Android wallets has fallen short of the original, lofty expectations. Some speculate that usage would rise markedly if the mobile wallets …
Read More »BigCommerce Gives a Lift to Venmo’s Commerce Strategy As It Adds the P2P Service And Masterpass
The e-commerce platform BigCommerce Pty Ltd. on Wednesday announced two new supported payment methods, including PayPal Holdings Inc.’s Venmo service. With the addition of Venmo, Austin-based BigCommerce gave a big lift to PayPal’s strategy to find revenue for what has been a fast-growing but free peer-to-peer payment service, though merchant pricing …
Read More »Fresh From a $100-Million Funding Round, Poynt Sets a Goal To Be the Common OS for Smart POS Terminals
Poynt Co., a startup supplier of intelligent payment devices, argues so-called smart terminals should have a common operating system like smart phones do. And in announcing a $100 million funding round on Tuesday, the Palo Alto, Calif.-based company also argued it should be the one to provide that OS. Investors …
Read More »AmEx Scores a Breakthrough in China With a License to Process Domestic Payments
The major U.S. payment card networks have been trying to set up shop to process domestic transactions in mainland China for years, only to encounter government resistance. But American Express Co. announced a breakthrough Friday with a deal to become the first overseas network to win an OK to operate …
Read More »Dorsey Sees Square’s New Terminal Displacing ‘Dinosaur’ Devices on Merchant Countertops
Square Inc. on Wednesday played up its recent launch of an important new hardware product and celebrated what it called its first quarter of profitability under generally accepted accounting principles. While executives did not discuss sales numbers for Square Terminal, a $399 touchscreen-equipped handheld device the San Francisco-based company released …
Read More »How Two New Collaborations Could Speed up the Move Toward Digital B2B Payments
Payments between businesses have long remained ensnarled in paper processes that consumer payments have largely left behind, but lately signs have emerged that technology is at work streamlining business-to-business transactions. On Monday, fleet-fueling and corporate-payments specialist WEX Inc. said it will work with American Express Co. to allow clients to …
Read More »The ACH Network Extends Its Hot Streak And Looks to Even Bigger Gains for Same-Day Volume
Transactions on the nation’s automated clearing house network exceeded 5.6 billion in the quarter ended Sept. 30, rising by 354 million transactions, or 6.7%, compared to the same quarter in 2017, according to numbers released Thursday by NACHA, the regulatory body for the ACH. The third-quarter growth means volume has …
Read More »Paya Says Its Deal for Stewardship Technology Positions the Processor Squarely in a Growth Market
Left behind in the last decade’s rush to sign up merchants for electronic payments is the non-profit sector, made up chiefly of faith-based organizations that collect billions of dollars yearly in offerings and donations—most of it in cash and checks. Still, payments providers are starting to pay attention, and on …
Read More »Fast-Growing Adyen Bolsters Its North American Market With a Move Into Canada
Adyen N.V. has had a busy year, and on Tuesday it made yet another significant move by announcing it is now doing business in Canada. The Dutch payments company, which already operates in the United States and Latin America as well as Europe and Asia, also announced four brands as …
Read More »