Monday , January 13, 2025

Marketing

Eyeing a Competitive Restaurant Market, Square Launches a Kiosk

Square, the acquiring arm of Block Inc., is the latest to launch a dedicated kiosk for quick-service restaurants. Announced Tuesday, Square Kiosk combines hardware and software to enable self-ordering and payment. Available later this summer for all Square for Restaurants merchants, Square Kiosk accepts multiple payment methods including contactless and …

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Sezzle Launches a BNPL Loyalty Program to Encourage Timely Payments

Buy now, pay later platform Sezzle Inc. has launched a loyalty program that rewards users for paying on time. The new offering, called Payment Streaks, is part of Sezzle’s free Loyalty Tiers program. The idea is that, with each on-time payment, Sezzle users begin a payment streak that moves them …

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Chase Adds a Pay-Per-Use Real-Time Payments Option for SMBs

Chase, the banking arm of giant JPMorgan Chase & Co., introduced a suite of digital products it says will help small businesses improve their cash flow and payment processing. Among the services are the ability to choose a payment speed, such as standard automated clearing house, same-day ACH, or real-time …

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A Year After Closing, Global Begins to Reap Returns on Its $4 Billion EVO Deal

The top management at Global Payments Inc. said early Wednesday the company is beginning to reap the benefits it planned for when it paid $4 billion to acquire EVO Payments Inc., a processor with international merchant connections. The deal, which is now more than a year past its closing date, …

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Mastercard Revenue up 10% and other Digital Transactions News briefs from 5/1/24

Mastercard Inc. reported $6.3 billion in first-quarter revenue, a 10.5% increase from $5.7 billion in the 2023 first quarter. It posted a quarterly net income of $3 billion, up 25% from $2.4 billion a year prior. Executives noted strong consumer spending, cross-border payments volume growth, and new deals across its regions …

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Eye on Acquiring: Mohegan Picks PayNearMe in Pennsylvania; Xplor Capital Debuts

Online-gambling consumers in Pennsylvania using Mohegan Digital iGaming services will be able to use PayNearMe Inc.’s deposit and payout services. Announced Tuesday, the collaboration sees Santa Clara, Calif.-based PayNearMe’s MoneyLine as the exclusive payments platform for Mohegan Digital in that state. Mohegan, the Uncasville, Conn.-based parent company of numerous casinos, …

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QuickCharge And Just Walk Out Tech and other Digital Transactions News briefs from 4/25/24

Quickcharge, a division of Transact Campus Inc., completed an integration of Amazon.com Inc.’s Just Walk Technology at St. Joseph’s Hospital in Tampa that enables employees to use their badges to pay for food and beverages. Payments processor Elavon said it is expanding a partnership in Europe with commerce-technology platform FreedomPay to include …

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DoorDash’s SNAP at 7,800 Walgreens Stores

Consumers using SNAP and electronic benefits transfer payments at a U.S. Walgreens Boots Alliance Inc. store now have broader access to the services through DoorDash Inc., a third-party delivery service. Announced Wednesday, the deal means Walgreens shoppers can use their SNAP/EBT payments card at any Walgreens, regardless of where they …

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Same-Day ACH Volume Maintains Growth Pace

Same-day ACH transactions helped fuel a strong first quarter for the automated clearinghouse network. Nacha, the governing body for the automated clearing house network, reported early Tuesday that same-day ACH transactions totaled 273.7 million during the quarter, a 47% increase from the same period a year ago. The dollar value …

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Amid Many Changes, Acquirers Retain Their Importance Among Card Brands

Though the big news about Discover Financial Services is its pending acquisition by Capital One Financial Corp., the acquiring segment remains vital to the card brand. “Our business model, being a network rail, is the right space for us,” Judith McGuire, Discover senior vice president of global products, told Digital …

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Digital Transactions