Sunday , November 3, 2024

Peter Lucas

In Announcing Its Q3 Results, POSaBIT Reveals Plans For a POS Device for Cannabis Merchants

POSaBIT Systems Corp., a payments processor specializing in cannabis merchants, announced its third-quarter earnings along with plans for a point-of-sale device earmarked for cannabis retailing. The company said transaction volume for the quarter totaled $157.9 million, up 11% from the same period a year ago. Revenues for the quarter totaled …

Read More »

Payroc Launches a Single API for PayByBank, And Works With Dingg to Reach Spas And Salons

Payments-platform provider Payroc LLC has launched an application programming interface that enables clients to offer its PayByBank solution in the United States and Canada through a single interface. Before this launch, Payroc clients needed separate interfaces to offer PayByBank in each country. The single interface eliminates the need for multiple …

Read More »

Shift4 Grows Its Relationship With the Orlando Magic; Cheq Partners With Loud And Live

Shift4 Payments Inc. continues to build out its footprint in sports and entertainment venues through an expanded deal with the Orlando Magic of the National Basketball Association. Under the terms of the deal, announced early Wednesday, Shift4 will process transactions at all concession stands within the Amway Center, home of …

Read More »

Online Sales And BNPL Transactions Hit Record Highs on Cyber Monday

Online shoppers spent a record $12.4 billion on Cyber Monday, a 9.6% increase from the previous year, according to Adobe Digital Insights. The peak spending period came between 10 p.m. and 11 p.m. Eastern Time, when consumers spent $15.7 million every minute during that hour. Buy now, pay later was …

Read More »

Why Cyber Monday Sales Are Expected to Reach an All-Time High

Holiday shoppers are projected to spend a record $12 billion to 12.4 billion online on Cyber Monday 2023, according to Adobe Analytics. Cyber Monday caps off the first weekend of the traditional holiday shopping season that begins Thanksgiving Day. Overall, Adobe projects online sales for the five days between Thanksgiving …

Read More »

A New York Times Op-Ed Video Favoring the CCCA Sparks a New Tussle Over the Bill

The Electronic Payments Coalition issued a press release late Tuesday taking issue with a New York Times op-ed video that argues merchants and consumers already pay a high price for rewards cards and expresses support for the Credit Card Competition Act. In its rebuttal responding to the video, Richard Hunt, …

Read More »

As Online Phishing Attacks Mushroom, E-Commerce Merchants Are Favored Lures

More than 30 million phishing attacks were launched against online stores, payment systems, and banks during the first 10 months of 2023, according to the latest report from Kaspersky Labs, a Moscow-based cybersecurity and antivirus provider operated by a holding company in the United Kingdom. E-commerce platforms bore the brunt …

Read More »

Eye on Mastercard: Bankcard Clearing in China; a Partnership With Feedzai to Attack Crypto Risk

The People’s Bank of China and the National Administration of Financial Regulation, China’s financial regulatory body, on Monday greenlighted Mastercard Inc.’s joint venture, Mastercard NUCC Information Technology (Beijing) Co. Ltd, to commence domestic bankcard clearing in China. The approval process took about three years. In February 2020, China’s central bank …

Read More »

Stripe Partners With Fraud Fighter Vesta And Brings Tap-to-Pay on iPhone to Alaska Airlines

Vesta, a fraud-prevention provider for e-commerce merchants, said it will integrate Stripe Inc.’s Radar risk scores and Stripe Connect, which enables businesses to facilitate purchases and payments between third-party buyers and sellers, into its Payment Guarantee platform. The Stripe Radar integration will help Vesta’s client merchants increase transactional approval rates …

Read More »

Eye On BNPL: Consumers Look To BNPL To Avoid Card Debt; Sezzle’s Deal With Sportsman’s Warehouse

Consumers’ concerns about incurring credit card debt this holiday season is pushing many shoppers to consider buy now, pay later loans as a budget-management option, according to a report from the payments firm Klarna AB. Some 53% of respondents expressed concern about incurring credit card debt during the holiday season. …

Read More »
Digital Transactions