In a bid to strengthen its hand with small businesses, Elavon, the Atlanta-based merchant-acquiring subsidiary of U.S. Bancorp, has launched talech Register, a payments and business analytics platform that, Elavon says, enables small business owners to manage their operations more efficiently. Elavon is initially offering two bundled packages for restaurants …
Read More »SpotOn Prepares for a Surge in Sports Stadium Volume This Fall
With consumer spending for concessions and merchandise purchases steadily increasing at sports stadiums, SpotOn Transact, LLC, which provides point-of-sale and digital-ordering systems to 37 stadiums across the National Football League and the National Collegiate Athletic Association, is gearing up for an increase in volume for the 2022 professional and collegiate …
Read More »MX Joins Nacha Program And Other Digital Transactions News briefs from 8/30/22
Nacha, the regulatory body for the automated clearing house network, has named open-banking specialist MX Technologies Inc. a member of its Preferred Partner Program. MX is the 30th company to be named to the program.Consumers’ top five favorite ways to pay are debit cards, credit cards, cash, contactless, and mobile wallets, according …
Read More »Contactless Fare Payment Comes to Smaller Towns With Cubic’s Project in Sault Ste. Marie
Systemwide contactless-fare technology, which has been available mainly for mass-transit systems in major cities, is starting to find its way into smaller towns. Cubic Corp. on Tuesday said it will install its Umo mobility platform in buses serving the Canadian town of Sault Ste. Marie, Ontario, population 72,000. The system, …
Read More »Google Wallet Adds Markets And Other Digital Transactions News briefs from 8/24/22
Alphabet Inc. said it is expanding Google Wallet to six more countries, including South Africa, bringing to 45 the number of countries in which the product can be used. Google Wallet was introduced this spring as a replacement for Google Pay.Transaction processor Computer Services Inc. said it will be acquired by private investment firms Centerbridge …
Read More »CFPB Wants More from Block And Other Digital Transactions News briefs from 8/22/22
The Consumer Financial Protection Bureau has filed a petition with the U.S. District Court for the Northern District of California seeking to require Block Inc. to fully comply with the CFPB’s demands for information related to Block’s Cash App product, according to Bloomberg. Block said it is “disappointed” with the action and …
Read More »Adyen Embraces POS Hardware with New Devices and a Development Focus
Adyen Inc., a long-time online payments provider, is further boosting its in-store payment acceptance options with the addition of two new point-of-sale devices. Both were designed by Adyen. Dubbed the NYC1 and AMS1 devices, they complement a suite of other POS terminals launched in January. The NYC1 device is designed …
Read More »A Boom in Contactless Cards Helps Drive a Record Quarter for CPI Card Group
Increasing issuance of contactless cards, along with stronger demand from instant-issuance platforms, are generating tailwinds for at least one of the companies that produce payment cards. CPI Card Group Inc. early Monday cited these factors in reporting record sales for the June quarter, leading top executives at the Littleton, Colo.-based …
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 …
Read More »Visa’s Kelly Touts Visa Direct to Attack P2P Fraud As the Network Reports a Strong Quarter
Visa Inc. late Tuesday reported a continued recovery in cross-border payments, double-digit increases in U.S. payments volume, and no let-up in the industry’s general shift to contactless payment. It also faced a question regarding Visa Direct and its links to instant peer-to-peer payments services that the Consumer Financial Protection Bureau …
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