Restaurant chain Everbowl said it will accept franchise-fee payments in Bitcoin starting today. The 6-year-old company has 50 locations and plans to open more than 150 additional ones over the next three years.Gemini, a cryptocurrency platform to buy, sell, earn, and store crypto, said its Gemini Credit Card is now available in …
Read More »There Are No Signs the Chip Shortage Is Easing, the U.S. Payments Forum Says
The microchip shortage that has plagued point-of-sale terminal makers since the onset of the Covid-19 pandemic shows no signs of abating. Despite forecasts that chip supply would not begin to start catching up to demand until mid-2022, terminal makers should continue to plan for shortages at least through 2023, according …
Read More »Often Overlooked, Checkout Is Assuming New Significance in Payments, Experts Say
Customer checkout, whether online or at a store, can be taken for granted by merchants and payments firms alike. That’s a big mistake, according to a panel of experts who spoke Wednesday about new opportunities—and threats—lurking in checkout buttons. For one thing, checkouts can represent a battleground in which players …
Read More »Everyware Launches Pay By Text and other Digital Transactions News briefs from 4/14/22
Everyware Worldwide Inc., a contactless payments and customer engagement company, announced its Pay By Text service, which enables consumers to use a cell phone number to make a payment. The service relies on Visa Inc.’s Token ID service.Insurity’s Sure Claims Payments platform will provide digital-payment options on workers’ compensation claims for Victory …
Read More »The Absence of Interest Charges Is What Tweaks Consumer Interest in BNPL Services
The buy now, pay later trend continues to solidify into a permanent part of the payments arena, thanks to consumers who readily adopt the installment-payment service. Now, new research finds that many—82%—are drawn to it because they do not have to pay interest for the installment-payment benefit. New research from …
Read More »Block’s Square Unveils a Revamped Square Stand As Merchant Needs Evolve Fast
To help merchants manage their business through a single device in a rapidly changing payments landscape, Block Inc. on Monday introduced the next generation of Square Stand, the countertop device that converts an iPad into a point-of-sale system. It is the first redesign of Square Stand since its launch in …
Read More »E-Commerce Is on a Tear, But How Much of That Volume Stems From Roaring Inflation?
It’s a well-known fact that the pandemic drove consumers to e-commerce for goods they might otherwise have shopped for in stores, but now evidence is emerging that some of that increase in online spending is a result of steadily rising inflation. Consumers spent $83.1 billion online last month, up 7% …
Read More »Aiming at Smaller Banks, Priority Technology Brings Its Payables Platform to Century Bank
Payments provider Priority Technology Holdings Inc. is partnering with Century Bank, a community bank with locations in New Mexico and Texas, to provide its accounts-payable platform called CPX (Commercial Payment Exchange) to the bank’s business customers. CPX automates manual business-to-business payments processes, such as manual check runs, payments, and reports. …
Read More »There’s More to Lose in Not Offering BNPL Than in Offering It, Providers Warn
The buy now, pay later trend may have come under scrutiny lately by regulators, but companies enabling BNPL warn sellers and payments providers risk losing merchant volume and younger consumers if they don’t offer the installment option online and at the point of sale. “You’ll see volume attrition without merchant …
Read More »Eye on AmEx: Reaching Fintechs Via i2c; Humanitarian Relief in Ukraine
In an effort to enable fintechs to leverage its brand, network capabilities, and cardholder perks in North America and other regions, American Express Co. on Friday announced it is expanding its working relationship with payment and banking solutions provider i2c Inc. The expanded agreement builds upon AmEx’s working relationship with …
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