As restaurants bounce back from the major blow delivered at the outset of the Covid 19 pandemic, restaurant point-of-sale technology has become a competitive advantage. The trend is evidenced by new applications from several restaurant POS technology providers, announced over the weekend, along with deals they are cutting with third-party …

With open banking fast becoming the backbone of today’s payments landscape, the need for an industry standard to ensure protection of consumer data is moving front and center. In the United States, where no such standard currently exists, the payments industry is at odds over whether the country should adopt …

Block Inc.’s Square unit late Thursday unveiled a suite of hardware and software tools the company says is aimed at helping restaurants manage orders, payments, and their overall business more efficiently as they wrestle with worker shortages and other fallout from the pandemic. The new technology also comes as competition …

When it comes to shopping, it’s becoming a mobile world. A report released on Thursday by omnichannel-platform provider NewStore Inc. reveals that 88% of consumers surveyed have at least one shopping app on their phone, 50% of respondents have more than four shopping apps, and 9% have more than 10. …

Criminals are cashing in on cybercrime in a big way. A new report from Arkose Labs reveals that experienced or “master” fraudsters can pull down up to $7.2 million annually and that rookie fraudsters can earn as much as $20,000 per month with an investment of as little as $5 …

Looking to add a new twist on buy now, pay later loans, provider Splitit Payments Ltd. Tuesday announced a new BNPL-style loan that will leverage a consumer’s open-to-buy on their payment cards to pre-qualify them for an installment loan at the point-of-sale. To qualify for the loan, merchants run a pre-authorization …

Paysafe Ltd. continues to immerse itself in the online-gaming industry, announcing Monday a partnership with Strive Gaming, a player-account management platform designed to meet multi-state iGaming requirements in North America. With an integration of Paysafe’s payments technology into Strive Gaming’s PAM platform, Strive’s clients will enable gamers to deposit funds into …

Aiming to help developers address friction at checkout, Block Inc.’s Square unit late Thursday announced several new tools for its Square payments platform. The announcement was made at Square Unboxed, Block’s annual developer and partner conference. The centerpiece of the new tools is Cash App Pay for Developers, which enables …

In a nod to consumers’ preference to have all the contents of a physical wallet digitized—including driver’s licenses and vaccine cards, in addition to payment cards—Alphabet Inc.’s Google subsidiary has introduced a new Google Wallet. The new wallet, which Google plans to make available in more than 40 countries, is …

In the latest buy now, pay later updates, Klarna AB introduced Virtual Shopping, an online service that connects shoppers with in-store experts, and Splitit Payments Ltd. joined the Visa Ready for BNPL program. Stockholm-based Klarna says its Virtual Shopping service enables consumers to browse and buy online while connecting via live chats …