September 28, 2023
Acquiring, Competitive Strategies, Marketing, Point-of-sale, Transaction Processing
Unceasing competition for restaurant payments revenue has spurred two developments among point-of-sale system makers catering to the segment. Santa Clara, Calif.-based SoundHound AI Inc. says Olo, a New York City-based hospitality specialist, will make SoundHound’s voice-ordering service, which relies on artificial intelligence, available to its approximately 77,000 merchant locations. When …
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September 27, 2023
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
The hotly contested restaurant point-of-sale market shows no signs of cooling off. Inspire Brands Inc., a global restaurant chain that is home to Arby’s, Baskin-Robbins, Dunkin’, and four other brands, has expanded its work with processor Fiserv Inc. with the goal of unifying in-store, in-app, and online transactions for more …
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September 26, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
Citcon USA LLC, an e-commerce wallet-technology provider, is adding Block Inc.’s Cash App Pay and Afterpay buy now, pay later payment methods to its inventory of merchant options. In related news, Block’s Square point-of-sale unit is bolstering merchant selling tools with new online features. Citcon’s integration of Cash App Pay, …
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September 25, 2023
Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Automaker Mercedes-Benz is enabling in-car fuel payments for users of its Mercedes pay+ service. Announced Monday, the service also integrates Mastercard Inc.’s Secure Card on File for Commerce Platform technology. Available initially only on select Mercedes models in Germany, the fuel payment app joins a parking-payment app the giant carmaker …
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September 21, 2023
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Featured, Marketing, Real-time Payments, Transaction Processing
Consumers have come to expect an electronic payment to happen in seconds with zero or few errors, but for organizations the situation is a little more fraught. At least that’s the feedback from a new report, “The State of Payment Operations 2023,” from Modern Treasury Corp., a payments and financial …
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September 19, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
ACI Worldwide Inc. said it will work with Microsoft Corp. to make its Real-Time Payments Cloud available in Microsoft Azure, enabling financial institutions access to The Clearing House Payments Co. LLC’s Real Time Payments network and the Federal Reserve’s FedNow real-time payments service. Treasury Prime, an embedded-banking technology provider, said it …
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September 18, 2023
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
Nearly 90% of financial-institution clients predict 5% or more of cross-border market share will be forfeited to fintechs within the next 10 years, according to a study from Citicorp that canvassed more than 100 financial-institution clients. Why is this important? “The Bank of England estimates that the value of cross-border payments is …
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September 14, 2023
Acquiring, Credit Cards, Issuing/Originating, Marketing, Point-of-sale, Real-time Payments
Commerce platform FreedomPay said it will begin offering point-of-sale devices from Pax Technology Inc. in the second quarter next year. Visa Inc. announced it will deploy its real-time payments network, Visa Direct, to allow users of United Kingdom-based money-transmission platform Paysend to route payments to eligible Visa cards in 170 countries and territories. …
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September 13, 2023
Acquiring, Digital Currency, Fraud & Security, Marketing, Near-Field Communication (NFC), Prepaid Cards, Transaction Processing
Fitli, an independent software provider for fitness professionals, has selected Usio Inc. for payments processing. Prepaid card specialist Blackhawk Network has agreed to launch “Gift Card Malls” inside airport and casino shops operated by WH Smith North America. Three unnamed central banks are testing a method from international money-transfer platform Swift to enable interoperability …
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September 12, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Marketing, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
E-commerce platform Wix.com Ltd. looks to make it easier for its merchants with stores to accept physical payments with the debut of Tap to Pay on Android. The technology, coming from Stripe Inc., means merchants can accept contactless payments with a regular Android smart phone and no additional hardware. Tap …
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