Mobile Wallets

Sending cash with birthday cards in the mail is risky, but now Hallmark Cards Inc.’s service with Venmo makes it easier and presumably safer. The new Hallmark + Venmo line of cards includes a QR code inside the card that recipients scan to receive the funds to their Venmo accounts. …

Sixty-three percent of consumers in a survey of U.S., U.K., and German shoppers say they prefer to shop in person rather than online, with 70% of U.S. shoppers saying so. The results, released by payments platform Digital River, stemmed from a canvass of 3,000 consumers across the three countries. Garmin launched its …

As consumers seek greater value from what they purchase, merchants are responding by diversifying their products and services to know their consumers better and grow sales, research from Square, Block Inc.’s merchant-processing unit, says.   One way merchants are engaging consumers on a deeper level is through subscription services, which …

Students at Loyola University Maryland are the first to use Amazon.com Inc.’s Just Walk Out technology in a Grubhub partnership. The tech enables students, faculty, and staff to shop and walk out with their purchases billed within the app. Funding sources can be a meal plan, account balance, or credit …

Restaurant point-of-sale provider Snack POS has agreed to offer EMV terminals from Pax. Soundhound AI Inc., a specialist in artificial intelligence, said it will work with online-ordering platform ChowNow to help restaurants answer and respond to customer calls. Payments provider Nayax Ltd. is working with loyalty-technology platform Giift to enable consumers to convert loyalty …

Shift4 Payments Inc. has expanded its stadium-pay domain by signing a deal with the National Hockey League’s St. Louis Blues to provide payment processing at the Enterprise Center, the team’s arena, and the adjacent Stifel Theater. Shift4 will also provide software for the Blues’ loyalty program, mobile wallet, and ordering …

Digital wallets continue to find a foothold in payments. The latest entry is BMO Commercial Bank’s debut of Extend, a virtual card service for its app. And startup Tezro launched a digital wallet aimed at integrating banking, payments, and shopping through messaging apps consumers already use. BMO Commercial Bank, a …

VSoft Corp., a specialist in financial-services technology, said its core-processing and digital-banking platforms are processing real-time transactions through an integration with instant-payments provider Pidgin. Payments providers ACI Payments and Link2Gov Corp. have been awarded Internal Revenue Service contracts worth $2.07 billion to support credit and debit card payments for taxes and user …

The recently developed ability to accept card payments on an ordinary smart phone, with no additional hardware, has electrified the payments industry. But the technology, known as SoftPOS, comes with complications that could slow progress, a panel of experts warned Thursday. SoftPOS, which as the name implies relies on specialized …

The buy now, pay later craze, which took flight during the Covid pandemic, has turned into a $70-billion-plus segment of the payments industry. But that doesn’t mean it hasn’t stirred controversy among acquiring-industry executives, some of whom manage versions of the point-of-sale credit product. That clash of viewpoints emerged Wednesday …