News

March, 2023

• 13 March

  Snack POS Beefs Up Its Terminal Offering Through a Deal With Sunmi

  

  Snack POS, a provider of restaurant software, has fortified its position in the hotly competitive restaurant point-of-sale payments market through a partnership with POS terminal maker Sunmi Technology Co. The deal will enable Snack POS to offer Sunmi’s POS and mobile devices to restaurants. Sunmi’s devices are designed to help …
• 13 March

  Will a Trio of Major Bank Failures Dampen Interest in Blockchain Technology?

  

  Signature Bank on Sunday became the latest domino to fall in a reckoning that is expected to have widespread ripple effects not only for banking but for the burgeoning cryptocurrency industry. The New York City-based bank, closed by state regulators, is said to be the third-largest bank failure in U.S. …
• 13 March

  RevoluGroup To Add Visa Direct And Other Digital Transactions News briefs from 3/13/23

  

  RevoluGroup Canada Inc. said its RevoluPay mobile-payments app has added payments on the automated clearing house in the United States, the Faster Payments Service (FPS) in the United Kingdom, and SEPA Instant in Europe. The company said it will add Visa Direct in May. The total value of payments made with …
• 10 March

  Eye On Crytpo: Mercuryo Enables Fiat to Crypto Conversion; Bakkt’s Sunny Outlook

  

  Digital-currency operators are working behind the scenes despite a depressed outlook brought on by the collapse of the major exchange FTX and a general rout in most cryptocurrency values. One example is Mercuryo, a London-based fintech, which on Friday said it has introduced a banking-as-a-service (BaaS) application that enables digital-asset …
• 10 March

  COMMENTARY: Five Key Trends And Changes to Expect for Payment Methods in 2023

  

  With a rapidly growing market, increased competition, and more ways to advance than ever on the front end, payments organizations around the world are finding it hard to keep up with changing consumer demands. The success of the industry, although often celebrated, does not negate the sheer pressure that back …
• 10 March

  Mercedes pay+ Will Have U.S. Presence, One Day And Other Digital Transactions News briefs from 3/10/23

  

  A Mercedes-Benz spokesperson tells Digital Transactions News its Mercedes pay+ in-car payment service that turns the vehicle into a payment device will appear in its U.S. models, though it cannot share a timeframe for that. Announced earlier this week, Mercedes pay+ will initially be available in Germany and in other European markets later this …
• 9 March

  Bad Times or Good Times, Fraudsters Show No Signs of Slowing Down

  

  If there is one constant about fraud, it’s that it never takes a holiday. A new report from Nice Actimize, a provider of fraud-prevention solutions, reveals that attempted fraud transactions skyrocketed in 2022 by 92%, compared to 2021, and that the money criminals attempted to steal soared by 146%. The …
• 9 March

  Paysafe’s Boss Presents a Sunnier Outlook As He Points to Improved Results

  

  Bruce Lowthers came over from FIS Inc. last spring to run a stumbling Paysafe Ltd., and in the ensuing months the new chief executive delivered a series of candid assessments of his new company. “Bluntly, we’ve lost our way here,” he told equity analysts in November, adding, “We’re impeding our …
• 9 March

  Silvergate To Wind Down And Other Digital Transactions News briefs from 3/9/23

  

  Silvergate Capital Corp. said it will wind down its operations and return deposits to customers after it was forced to sell assets at a loss. Silergate last year acquired the assets of stablecoin venture Diem Group, formerly known as Libra. U.S. retail sales in February, excluding automotive, were up 6.9% from February 2022, …
• 8 March

  Amazon Expands Its ‘Just Walk Out’ Store Technology to College Campuses

  

  In an expansion of the Just Walk Out technology that powers cashierless Amazon Go stores, Amazon.com Inc. is partnering with Transact Campus Inc., a provider of campus identification systems that enable student access to buildings and payments for such campus services as dining, laundry, and vending. Under the terms of …