Instances of card skimming were up in the United States in 2022, with more than 161,000 impacted cards identified, a five-fold increase over 2021, and a more than three-fold increase in the total number of cards compromised, according to FICO (formerly Fair Isaac Co.). In addition, 3,000 unique financial institutions …
Read More »Cantaloupe Launches a Push for a Kiosk Aimed at Wheelchair-Bound And Vision-Impaired Users
Cantaloupe Inc., a specialist in payments technology for vending machines and self-service marketplaces, introduced a marketing push early Wednesday for The 46 Kiosk, a terminal featuring a 46-inch screen aimed at users in wheelchairs and those with vision issues. The device, which Malvern, Pa.-based Cantaloupe says is compliant with the …
Read More »Working With Toast, SoundHound Enables Voice Ordering Over the Phone for Restaurants
Toast Inc. has partnered with SoundHound AI Inc. to add voice ordering over the phone to its point-of-sale system. The addition of SoundHound’s voice-ordering software will enable restaurants using Toast’s POS system to accept voice orders over the phone and transmit the order directly to Toast’s platform. This integration, which …
Read More »MoneyGram Links to CellPay for Bill Pay And Other Digital Transactions News briefs from 12/28/22
MoneyGram International Inc. announced a partnership with bill-payment platform CellPay to expand bill-pay options for MoneyGram users while expanding acceptance for MoneyGram’s service to more than 30,000 billers. Some 3.46% of U.S. consumers opened a new credit card in November, down from 3.7% in November 2021, according to the December 2022 …
Read More »COMMENTARY: For This Credit Union, The Hybrid Branch of the Future Is Already Here
Faced with changing customer preferences and bolstered with new technologies and fresh perspectives, banks and credit unions are redefining the future of the branch in a digital-first world. The onset of the Covid-19 pandemic was a catalyst for advancing the digitally driven, contactless-capable, and hybrid branch. Now, more than two …
Read More »U.S. Retail Sales Increase 11% And Other Digital Transactions News briefs from 10/7/22
U.S. retail sales, excluding automotive, increased 11% in September from September 2021, Mastercard Inc.’s latest SpendingPulse report found. E-commerce sales were up 10.7% year-over-year. The fuel and convenience sector had the highest growth, at 23.5%, last month. The luxury sector experienced a 5.2% loss against September 2021 sales.U.S. consumers plan to spend …
Read More »Boston Consulting Group: Payments Revenues Will Stay Resilient Despite Headwinds
Despite economic headwinds from supply-chain bottlenecks and geopolitical instability, the payments industry continues to show resilient revenue growth, says a new report from the Boston Consulting Group. Global payments revenues are projected to grow about 9.5% in 2022, according to the report. Beyond this year, revenues are projected to grow …
Read More »How Crashing Crypto Values And Government Scrutiny Sent Crypto ATMs Into a Slump
Deployment of cryptocurrency ATMs in 2022 significantly lags the pace seen last year, and one factor hastening the slowdown is increased regulatory scrutiny, sources say. Crypto ATMs are specialized kiosks that allow consumers to purchase Bitcoin and other cryptocurrencies using cash or a debit card. Increasingly, regulators in several countries …
Read More »As The Value of Crypto Plummets, So Do Installations of Crypto ATMs
After riding a strong growth wave in 2021, installations of specialized ATMs that allow users to convert their local currencies, such as the U.S. dollar, into cryptocurrencies have cooled off considerably in 2022. Through August, just 5,000 cryptocurrency ATMs have been installed globally this year, bringing the total to more …
Read More »North American Banking Adds Real-Time Payments And Other Digital Transactions News briefs from 8/3/22
North American Banking Co. said it can offer customers instant payments to and from any financial institution linked to The Clearing House Payments Co.’s Real Time Payment network. The new service relies on NABC’s ExcheQ application and technology from Open Payment Network.Payments provider Waitr Holdings Inc. announced it will provide stadium ordering to …
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