From ordering and payments to reward redemption consumers want a simpler shopping experience, according to research from Fiserv Inc. To meet demand, merchants and restaurants should provide more omnichannel experiences, retailer apps, and embedded payment options that add value. Buy online, pick up in store (BOPIS) is one way merchants …
Read More »Eye on ISOs: Shift4 Adds to Its Sports Team Portfolio; PayBright Launches a Point-of-Sale Desk
Shift4 Payments Inc. continues to assert its position as a leading processor for sports teams and arenas. The Allentown, Pa.-based company announced Monday it will process ticket sales for the Florida Panthers of the National Hockey League through a partnership with SeatGeek, the Panthers’ mobile-based ticketing platform provider. The deal …
Read More »Olo Adds Kiosk Payments And Other Features for Restaurants
Olo Inc., a software-as-a-service platform provider for restaurants, rolled out several enhancements, including the ability for customers to place orders and pay for them using the Olo Pay application at in-restaurant kiosks. Enabling in-restaurant payments at kiosks marks the first availability of card-present payment processing through Olo Pay. Olo developed …
Read More »Financial Services Is the Most Targeted Industry in Phishing Attacks
Financial services was the most impersonated industry by criminals launching phishing attacks during the first half of 2023, according to a report from cybersecurity firm Vade. Financial services accounted for more than 33% of all phishing URLs, followed by the social media (22%) and cloud (21%) industries. Phishing is the …
Read More »Car IQ Partners With Visa to Enable In-Car Payments
Car IQ Inc., a payment-platform provider for vehicles, has partnered with Visa Inc. to enable acceptance of its Car IQ Pay wallet for automobiles across the Visa network. San Francisco-based Car IQ’s wallet can be used by fleet operators, car-sharing services such as Zipcar, and ride-sharing services such as Uber. …
Read More »Alleging Illegal Credit Card Practices, the CFPB And OCC Fine BofA
Bank of America Corp. has again run afoul of the Consumer Financial Protection Bureau for alleged illicit credit card practices. On Tuesday, the CFPB and the Office of the Comptroller of the Currency announced they are fining the banking giant $150 million for double-dipping on fees imposed on customers with …
Read More »With FedNow’s Launch Just Around The Corner, Pidgin Publishes Real-Time Payments Primer
Real-time payments platform provider Pidgin Inc. has published an eBook detailing key steps financial institutions should be taking to prepare for real time payments. The eBook, published just ahead of the debut of Federal Reserve’s FedNow real-time payments network this month, details how financial institutions can use real-time payments to …
Read More »FIS Gets FedNow Certified; MX Partners With Open Banking Specialist Moneyhub
FIS Inc. is the latest processor to be certified for the Federal Reserve’s FedNow real-time payments network, which is scheduled to launch later this month. FIS, which announced yesterday it is selling a sell a 55% interest in its merchant-processing business, joins a growing list of certified FedNow participants, including ACI …
Read More »Merchant Lynx Acquires National Credit Card Processing; 365 Retail Markets, First American Launch Terminals
Merchant Lynx Services has acquired National Credit Card Processing Group, a provider of B2B payment solutions, for an undisclosed sum. National Card Processing specializes in payment acceptance for the construction and heavy-duty trucking parts and repairs, concrete ready mix, asphalt and aggregate supply, and highway civil construction industries. The acquisition …
Read More »Digital Gift Cards Are Poised to Become a $1 Trillion Market by 2032
The global digital gift card market is projected to reach $1.2 trillion in 2032, up from $310.1 billion in 2022, according to a report from market research firm Custom Market Insights. In 2023, CMI projects sales of digital gift cards will total $399 billion, a more than 28% year over …
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