Featured

July, 2021

• 15 July

  Jumping on the Contactless Trend, Intuit Tries Again to Penetrate the POS Market

  

  Sensing that consumers’ growing preference for contactless-payments options will be permanent, Intuit Inc. on Thursday introduced its QuickBooks Card Reader for small businesses. The terminal, which integrates with QuickBooks Payments, supports what Intuit calls smart-tipping functionality. Businesses can customize three tipping options that are displayed on the card reader as …
• 14 July

  Trust And Security Could Be Big Hurdles As Apple Prepares Its Entry Into BNPL

  

  For Apple Inc. to become a disruptor in the rapidly growing buy now, pay later market, the technology giant is going to have to win consumer’s trust and demonstrate its BNPL platform is secure.  Reports of Apple developing a BNPL product, which the company has internally dubbed Apple Pay Later, …
• 6 July

  Eye on Acquiring: EVO Links With KAL for ATMs in Europe, While Square Kicks off in France

  

  Atlanta-based EVO Payments Inc. is working with global ATM technology provider KAL to allow banks and independent ATM deployers to quickly set up ATMs anywhere in Europe. The new service combines Germany-based KAL’s ATM software with EVO’s payments network, the parties said Tuesday. “We have created a highly efficient method …

June, 2021

• 29 June

  Small Bank, Big Influence: North American Banking Co. Joins Nacha’s Ranks of Direct Members

  Every so often, evidence emerges that size is not necessarily linked to influence. Nacha, the governing body for the nation’s automated clearing house network, on Tuesday announced that North American Banking Co. has joined the ranks of direct members of the association. Direct members constitute a group of more than …
• 25 June

  Digital Channels Remain Popular for Bill Pay As Covid Fades, an ACI Study Finds

  

  Consumers’ use of digital channels to pay bills continues to rise even as the Covid-19 pandemic begins to ease, according to a study by ACI Worldwide Inc. In looking at how consumers’ use of digital channels, such as Web sites and mobile apps, has grown during the first half of …
• 24 June

  Blocked in Its Bid for Plaid, Visa Agrees to Acquire European Open-Banking Player Tink

  

  In a deal that underscores the crucial importance of open banking in payments, Visa Inc. early Thursday said it has agreed to pay $2.15 billion to buy Tink AB, a 9-year-old, Stockholm-based company whose network connects to 3,400 financial institutions throughout Europe. The agreement comes five months after Visa abandoned …
• 17 June

  Sightline Payments Gets Set to Support Cashless Wagering for a New Las Vegas Resort

  

  A new resort will open in Las Vegas next week, and with it will come cashless wagering, the ability to place bets via a mobile phone. Resorts World Las Vegas says it will be the first casino in the city to offer cashless betting at both slot machines and table …
• 15 June

  Looking to Cut Time for Clients, Dwolla Adds More Low-Code Integration Components

  

  Continuing its strategy of enabling application developers to connect to its platform faster, Dwolla Inc. on Tuesday announced the addition of two new drop-in components. The first new component, called Create Beneficial Owners, enables developers to streamline the collection of information required by payments companies for verification of the accounts …
• 10 June

  Stripe Debuts an App to Ease the Burden of Sales Tax Collection for Merchants

  

  Heeding years-long requests from merchants for a solution to simplify sales-tax compliance, Stripe Inc. on Thursday introduced Stripe Tax, an application that allows merchants to automatically calculate and collect sales tax, value-added tax (VAT), and goods-and-services tax (GST) in the United States and more than 30 other countries. Spurring the need …
• 7 June

  VizyPay Opens Its Cash-Discount App Generally to Merchants Using Clover Devices

  

  Pundits have predicted for months that cash acceptance will decline markedly as consumers rush into electronic payments. But sellers view cash as a less-expensive option for them, and some payments providers are looking to cater to that view. On Monday, VizyPay LLC said it is opening its cash-discount app to …