Square announced it has joined US Foods’ Check program, which offers technology to restaurants. Square is the point-of-sale payments unit of Block Inc. US Foods is a distributor to the dining industry. China’s UnionPay cards now total more than 240 million outside China, the company said in an update, with issuance in 82 …
Read More »Papaya’s Workforce Software and other Digital Transactions News briefs from 7/25/24
U.S.-based Papaya Global, which offers platforms for payroll and payments processing, said it will support payroll and other workforce software for Cegid, a Europe-based provider of cloud software for finance and human resources. American Express Co. announced updates to its U.S. Consumer Gold Card, including credits for spending at restaurants included in …
Read More »Fiserv Racks up Growth Via Strength in Merchant Services
Fiserv Inc.’s top brass early Wednesday celebrated a second quarter in which adjusted revenue jumped 7% and adjusted earnings per share grew 18%, but it was new programs and alliances—including one with Apple Inc.—that took center stage as the company presented its second-quarter results. Cash Flow Central, a banking alliance …
Read More »Tap-to-Pay And Value-Added Services Help Fuel Visa As It Pursues a New Interchange Settlement
Growth in contactless and peer-to-peer payments, e-commerce, and value-added services were among the highlights discussed with stock analysts late Tuesday during Visa Inc.’s third-quarter earnings call for the card company’s fiscal year 2024. Visa’s Tap-to-Pay contactless payments technology has penetrated multiple markets, accounting for 80% of all face-to-face Visa transactions …
Read More »Fortis Makes Acquisition and other Digital Transactions News briefs from 7/24/24
Fortis Payment Systems LLC acquired the NetSuite payments division of MerchantE Solutions Inc. Fortis said the acquisition will boost its position in embedded enterprise resource planning payments. Terms were not disclosed. Mastercard Inc. and JPMorgan Chase are two of eight companies the Federal Trade Commission issued orders to seek information about products that …
Read More »Sound Payments Makes Equinox Integration and other Digital Transactions News briefs from 7/23/24
Point-of-sale and payments software provider Sound Payments said it completed an integration with two Equinox Payments POS terminals in Sound’s Quantum Cloud platform. Blaze Solutions Inc., a provider of technology for cannabis sellers, has released new point-of-sale technology for that market, featuring a Web-based POS system and upgraded user interface. A startup …
Read More »Why Dynamic Routing Has Become Essential for Online Retailing
Payment processing is vital to online retailers’ operations. A quick and easy checkout experience can be the difference between a completed sale and an abandoned shopping cart. That’s why, with its ability to optimize transaction paths in real time and provide a multitude of benefits, dynamic payment orchestration is critical …
Read More »AmEx Outlines an Aggressive Plan for Expansion in Marketing
At more than $16 billion, revenue for American Express Co. hit an all-time high in the company’s June quarter, and now the travel-and-entertainment card giant is looking to ramp up marketing—radically. The company’s top brass said early Friday AmEx will pour $6 billion this year into selling consumers and businesses …
Read More »Aurus To Integrate Paze’s Checkout Tech and other Digital Transactions News briefs from 7/19/24
Payment-processing software provider Aurus Inc. said it will work with Early Warning Services LLC to integrate EWS’s Paze online checkout technology, with Aurus user Wakefern Food Corp. having already adopted Paze. Cash App will leave the United Kingdom market, having launched there in 2018, it announced in a Web post. The service will shut down …
Read More »Discover Posts a Strong Quarter As Executives Stay Mostly Mum About Performance
For the second consecutive quarterly earnings call, executives at Discover Financial Services had little to say about the company’s financial performance, plans going forward, or anything else. With a proposed $35.3-billion merger with Capital One Financial Corp. hanging over them, Discover executives again took no questions, and equity analysts were …
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