Everybody knows the U.S. retail arena is changing, but a new report from Checkout.com reveals that four trends, among them the growth in digital payments, currently are most affecting it. Rising prices, consumers seeking new shopping channels, and increased competitiveness are the other three trends altering the retail landscape. United …
Read More »Looking to Upgrade Their Skills, Consumers Take BNPL to School
As consumers look to improve their education and gain new skills, many are turning to buy now, pay later services to finance these efforts. On Wednesday, the Atlanta-based BNPL provider Splitit USA Inc. said its merchant sales volume in digital education and professional development ballooned 350% from 2019 to 2022. …
Read More »The CFPB’s Buy Now, Pay Later Report Offers a Regulatory Outline, But No Sweeping Overhaul
Long anticipated, a report from the Consumer Financial Protection Bureau offers suggestions on how regulation might aid the buy now, pay later industry, but doesn’t recommend a wholesale review of its practices. Among the risks outlined in the “Buy Now, Pay Later: Market trends and consumer impacts” report, released Thursday, are …
Read More »POPcodes And Arcum Take on ISO Attrition Rates with Targeted Messaging
Having made a sale, independent sales organizations and merchant acquirers are loath to lose merchants to a competitor but they must contend with this turnover, called attrition, every day. POPcodes Inc., a smart point-of-sale terminal service provider, and Arcum Partners, an artificial intelligence firm, say they are working on reducing …
Read More »Merchants United Picks AI Service for Statement Analysis
In a move to automate much of the task of analyzing merchant statements, Merchants United LLC said it will use nRoad Inc.’s platform, which analyzes unstructured data in an effort to extract useful information from it. Charleston, S.C.-based Merchants United said the technology will help its bottom line because it …
Read More »Usio Forges Its Own Point-of-Sale Credit Service for Merchants
Usio Inc. is jumping into the point-of-sale credit arena with its own service, which enables businesses to offer instant credit to customers without the risk of consumer lending. Announced Tuesday, the service enables merchants to offer POS financing without integration issues or credit concerns, Usio says. “Any business that deals …
Read More »Retailers Are Getting Better at Managing Gift Card Programs, a Report Finds
Grocers and home-improvement retailers may have something to take pride in. These two merchant categories are among the most improved in terms of managing their gift card programs. That’s the insight from the fifth 2022 Merchant Gift Card Omnicommerce Evaluation–U.S. Edition released by Blackhawk Network Holdings Inc. The rankings of …
Read More »Eye on ATMs: Bitcoin Depot Eyes Going Public and DataStream Gets Interac OK
The ATM world is about to get another publicly held company. Bitcoin Depot, a Bitcoin ATM operator with more than 7,000 machines in the United States and Canada, intends to go public in a merger with GSR II Acquisition Corp., a special purpose acquisition company. Announced Thursday, the proposed deal …
Read More »No Going Back as Digital Payments Transformation Has Cemented Itself, Report Suggests
Digital identity, new ways to move funds, the speedy pace of innovation, and changing consumer payment preferences are all quickly altering the payments arena, suggests the latest payments report from Deloitte Consulting LLP. “The things that really stood out the most for us when we looked at the data is …
Read More »Adyen Embraces POS Hardware with New Devices and a Development Focus
Adyen Inc., a long-time online payments provider, is further boosting its in-store payment acceptance options with the addition of two new point-of-sale devices. Both were designed by Adyen. Dubbed the NYC1 and AMS1 devices, they complement a suite of other POS terminals launched in January. The NYC1 device is designed …
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