Friday , November 29, 2024

Peter Lucas

Square Online Courts Bars And Brewers With Delivery Via DoorDash

Square Inc. continues to build out delivery services for its Square Online platform with the addition of liquor delivery. Merchants using Square Online that sell liquor can offer customers the option to purchase alcohol from the store’s Web site and have the order fulfilled through Square’s delivery partner DoorDash Inc. …

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PCI Council Expects a New Module to Make Testing Terminal Software Easier

The PCI Security Standards Council says its new Terminal Software Module, which is part of version 1.1 of the PCI Secure Software Standard introduced last week, offers a more flexible approach to testing the security and integrity of payment software. The Terminal Software Module is the third module to be …

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Canadian Fintech Mogo Beefs up on Cryptocurrency With a Major Purchase of Ether Coins

Financial-services technology provider Mogo Inc. on Monday announced the purchase of 146 Ether coins at an average price US$2,780. Ether is the cryptocurrency used by Ethereum, an open-source, blockchain-based, decentralized software platform. The purchase of Ether coins is part of Mogo’s asset-investment strategy, which includes investing up to 5% of …

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Square’s New ACH Feature for Invoices Aims at Larger Sellers

To help large businesses reduce payment transaction costs and provide another option for how they receive payments, Square Inc. on Wednesday announced it will accept automated clearing house payments on Square Invoices.  The addition of ACH payments could also enable Square to attract large, complex businesses—such as wholesalers, home-repair specialists, …

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FIS Unveils RealNet, a Network-of-Networks Approach to Real Time Payments

The real-time payments movement continues to build momentum in the United States with FIS Inc.’s announcement Wednesday of RealNet, a cloud-based, software-as-a-service platform that enables businesses, consumers, and governments to initiate account-to-account transactions. RealNet, which FIS describes as a network of networks, will leverage The Clearing House Payment Co. LLC’s …

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GoCardless Is the Latest Fintech to Vie for a Piece of the Open Banking Pie

As momentum behind open banking grows, more financial-service technology providers are jockeying for a piece of this nascent but rapidly growing market. GoCardless, a London-based fintech and provider of bank-to-bank payments, on Tuesday launched Instant Bank Pay, a new open-banking app for its payment platform. Instant Bank Pay allows merchants and …

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How Welcome Tech Will Use $35 Million in Fresh Funding to Serve Unbanked Hispanics

Welcome Tech, a provider of digital financial services to unbanked and underbanked Hispanics, plans to leverage $35 million in new funding it secured last week to grow its customer base by about 1 million and add more financial services, such as a pathway to credit, to help bring its customers …

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Square Bolsters Its Retail Management App With New Inventory Management Tools

Square Inc. announced Thursday the addition of three inventory-management features to its cloud-based retail-management app, Square for Retail. Merchants can use the new features to build an inventory library, track inventory by warehouse or store, transfer stock as needed, and reorder inventory with one click. The new features arrive as …

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Amazon Expands its Amazon One Pay by Palm Technology to Whole Foods Stores

Amazon.com Inc. is expanding its Amazon One biometric payment technology to Whole Foods stores in Seattle. Amazon, which launched Amazon One in its two Seattle Amazon Go stores last September, will initially roll the technology out to a Whole Foods store near its headquarters and eventually to seven more stores …

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The New Cantaloupe Looks for Renewed Growth in Vending And Adjacent Unattended Payments Markets

With its name change having become official Monday, Cantaloupe Inc. is looking to start a new chapter in the company’s history as it embarks on a strategy to penetrate new segments of the unattended retail market and grow its business internationally. As part of the change from USA Technologies Inc., …

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