Near-Field Communication (NFC)

MagicCube Inc. has chiefly aimed its tap-to-pay technology at small sellers to allow them to take card payments directly on an off-the-shelf mobile device. But on Monday the Santa Clara, Calif.-based company announced a version of its i-Accept platform for enterprise and big-box merchants.  To make i-Accept more attractive to …

Apple Inc.’s sneak peek at its iOS16 operating system on Monday included the news that the new version will include Apple’s widely expected entry in the hot buy now, pay later market. Available in the U.S. market, Apple Pay Later will be accepted at all places that take Apple Pay …

Few payments sectors were harder hit by the pandemic than ATM networks around the world, and now numbers released over the weekend indicate that the global ATM installed base continued to decline last year, albeit at a slower rate than in 2020.  The U.S. market, indeed, saw its ATM count …

Payments players have suspected for the past two years that digital payments were becoming increasingly routine, but now research is indicating they may have become “second nature.” That’s the term Marqeta Inc., the card-issuing platform, used Thursday in announcing the results included in its latest research paper, entitled “2022 State …

Payments-technology provider Paddle announced it has acquired ProfitWell, a vendor of software for subscription metrics and retention automation. The deal is valued at more than $200 million in cash and equity.Apple Inc.’s tap-to-pay on iPhone is rolling out to its retail stores today, according to a Twitter post from Bloomberg reporter Mark Gurman. The …

Block Inc.’s Square unit late Thursday unveiled a suite of hardware and software tools the company says is aimed at helping restaurants manage orders, payments, and their overall business more efficiently as they wrestle with worker shortages and other fallout from the pandemic. The new technology also comes as competition …

Square announced its Afterpay buy now, pay later service is available to in-person point-of-sale merchants in the United States and Australia who use Square Point of Sale, Square for Retail, Square Appointments, or Square for Restaurants. In the first quarter, Square, a unit of Block Inc., said the average transaction size with Afterpay …

Aiming to help developers address friction at checkout, Block Inc.’s Square unit late Thursday announced several new tools for its Square payments platform. The announcement was made at Square Unboxed, Block’s annual developer and partner conference. The centerpiece of the new tools is Cash App Pay for Developers, which enables …

Large retailers that use Fiserv Inc. payments-acceptance technology can add loyalty functions via a new agreement between Fiserv and loyalty-technology provider Exchange Solutions.The global standards body EMVCo said it is developing an EMV Contactless Kernel Specification for contactless payment acceptance around the world. The new specification will take the place of the more than …

Block Inc.’s Cash App unit perked up in the first quarter, as the company reported that usage and instant-deposit volume for the digital wallet both increased during the period. With Bitcoin activity excluded, revenue for Cash App in the quarter grew $203 million, a 38% jump, compared to the first …