News

January, 2023

• 17 January

  Lightspeed Lays Off 300 Staff And Other Digital Transactions News briefs from 1/17/23

  

  Point-of-sale system maker Lightspeed Commerce Inc. said it will reorganize as it contends with a shifting economy. Among its actions are the elimination of 300 jobs, accounting for approximately 10% of its overall employees. The Consumer Financial Protection Bureau is considering regulations governing the fees providers charge for cross-border money wires, according to The Wall …
• 16 January

  Eye On BNPL: Splitit Teams With AliPay for Pay on Delivery; Klarna Partners With Ingenico

  

  Splitit Payments Ltd., a white-label buy now, pay later provider, has partnered with AliPay to offer Splitit’s Pay After Delivery option to consumers shopping on the AliExpress e-commerce marketplace. Pay After Delivery allows consumers to make a purchase using a credit card, then pay for it after delivery. The payment …
• 16 January

  MagicCube Strikes Deals With Mobile Device Makers And Joins the PCI Council

  

  For several years, MagicCube Inc. has worked to prove that merchants can safely and speedily accept card payments with no hardware other than an off-the-shelf mobile device. Now the Santa Clara, Calif.-based company has added a new wrinkle to its strategy: agreements with device vendors that make MagicCube’s iAccept the …
• 16 January

  Toshiba Pairs With PopID And Other Digital Transactions News briefs from 1/16/23

  

  Retail-technology provider Toshiba has agreed to incorporate biometric identification technology from PopID into its point-of-sale and self-service devices running on Toshiba’s Elera Commerce Platform. PopID’s technology relies on facial-recognition software. Ingenico launched its Axium Retail Core capabilities for its Axium point-of-sale terminals that can ease integration efforts. Payments provider FreedomPay said it has integrated its services with the …
• 13 January

  Eye on Acquiring: FreedomPay Marks Moneris Integration; MagTek Readers Are Top Picks

  

  FreedomPay Inc. said its payments services will soon be available to Canadian merchants serviced by Moneris Solutions Corp. Moneris expects the FreedomPay integration to be available mid-year. Toronto-based Moneris, one of the largest processors in Canada based on transaction volume, says the integration will give merchants more tools and choices. …
• 13 January

  COMMENTARY: How Fintech Is Shaping—And Rescuing—Accounts Payable

  

  You have to spend money to make money. That’s an old adage, and it’s true. But actually making the payments takes up a lot of people’s time. It’s critical to your business operations, but it’s not why you’re in business. That means there are opportunity costs. You have to spend …
• 13 January

  Xoom’s New Debit Card Deposit Feature And Other Digital Transactions News briefs from 1/13/23

  

  PayPal Holdings Inc. launched a cross-border money-transfer product called Debit Card Deposit for its Xoom international money-transfer service. Sixty-seven percent of consumers intend to spend the same or more in 2023 as they did in 2022, found a survey of 2,032 U.S. adults. Conducted by The Harris Poll and commissioned by DailyPay and …
• 12 January

  Citcon Adds Klarna to Its Mobile Wallet

  

  Citcon USA LLC is partnering with Klarna AB to add Klarna’s payment services to its mobile wallet for in-store and online purchases. The move expands to Citcon merchants Klarna’s Pay in 4 buy now, pay later loans, as well as Klarna Pay in 30 and other Klarna financing products. Consumers …
• 12 January

  How Netevia Seeks to Be ‘a Square for ISOs’

  

  Payments platforms have worked for years to find the key to winning and keeping merchants while also holding on to independent sales organizations, the agents that are key to signing up merchants. Now Netevia Group LLC thinks it’s found that key in banking. “It’s a pretty simple strategy,” says Vlad …
• 12 January

  Oracle Tweaks Contactless Acceptance And Other Digital Transactions News briefs from 1/12/23

  

  Oracle Corp. launched its Retail Payment Cloud Service to support contactless payments for U.S. retailers at fixed-fee rate pricing. Mercatus Technologies Inc. debuted an updated version of its mobile grocery shopping app that includes seamless cart building and checkout, personalization, rewards and loyalty, and third-party delivery service integrations. MobileCoin Inc. launched Moby, a …