Technology firm Orduo has launched a white-label online ordering system for restaurants. The product is aimed at independent sales organizations and value-added resellers.NCR Corp. said its NCR Aloha Cloud point-of-sale system has a refreshed user interface, a small handheld device, and next-day funding of deposits.Routable, a business-payments platform aimed at mass payouts, launched …
Read More »Eye On BNPL: Splitit’s Twist on BNPL; Zilch Enters the U.S.; Flexiti And Michael Hill
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 …
Read More »Consumers Are Wary of Fraud, But Faster Payments Retains Its Allure for Multiple Applications
With some fast and near-instant payments services and apps already available, and more coming, it turns out fear of fraud, reluctance to manage multiple apps, and ignorance about the services are consumers’ biggest hurdles to adoption. Approximately 40% of U.S. consumers are wary of using faster-payments options overall, according to …
Read More »Afterpay Now In-Store at Square Merchants and other Digital Transactions News briefs from 5/17/22
Square announced its Afterpay buy now, pay later service is available to in-person point-of-sale merchants in the United States and Australia who use Square Point of Sale, Square for Retail, Square Appointments, or Square for Restaurants. In the first quarter, Square, a unit of Block Inc., said the average transaction size with Afterpay …
Read More »Paysafe Extends Its North American iGaming Reach Through a Deal With Strive Gaming
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 …
Read More »Stabilization May Be Acquiring’s Keyword in 2022
As the U.S. economy moves farther from the worst of the Covid pandemic, credit and debit card spending may be stabilizing, according to new data from The Strawhecker Group, a payments advisory and research firm. Released as part of the AIM Headline Report series, the Growth & Inflation Analysis 2022 …
Read More »Toast Renews US Foods Deal and other Digital Transactions News briefs from 5/16/22
Toast Inc., a payments-technology provider specializing in restaurants, said it has renewed its collaboration with US Foods, a distributor serving approximately 250,000 U.S. restaurants and foodservice operators.Investment firm Thoma Bravo has closed on its $2.6-billion acquisition of business-to-business payments provider Bottomline Technologies Inc. The deal was announced in December and approved by …
Read More »Affirm Posts a Big Quarter as It Reaps a User Payoff From Its Shopify And Amazon Deals
Corporations aren’t in business to please Wall Street, but for publicly held companies investor expectations are hard to ignore. Affirm Inc. early Friday is seeing its share price climb steadily after exceeding analysts’ consensus expectations for payment volume and revenue for its fiscal third quarter, ended March 31. The good …
Read More »Square Unveils New Developer Tools Aimed at Enhancing Checkout and Reducing Friction
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 …
Read More »Kickfin Enlists Visa Direct for Tip Payouts and other Digital Transactions News briefs from 5/13/22
Kickfin, a tip disbursement provider, said its tie-in with Visa Direct, the card brand’s push payment service, will enable its clients to send cashless tip payouts directly to employees’ existing bank accounts via eligible debit cards.Buy now, pay later provider Affirm Inc. announced a multi-year extension of its agreement to provide installment-payment …
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