News

October, 2022

• 11 October

  Toast Introduces an All-in-One POS App to Let Restaurants Manage Their Business

  

  To help restaurants manage catering and wholesale orders with their in-person, takeout, and delivery business while using one POS system, Toast Inc. has launched Toast Invoicing. The new application, developed in response to what Toast sees as restaurants’ growing catering business, will eliminate the need for a separate POS system, …
• 11 October

  PayPal Advances Its U.S. POS Ambitions With a Launch of the All-in-One Zettle Terminal

  

  PayPal Holdings Inc. early Tuesday said it is making its new Zettle Terminal available to U.S. merchants generally following a rollout in Europe last year. The $199 device represents the e-commerce payments giant’s latest thrust into physical shops and restaurants and builds on technology acquired when it paid $2.2 billion …
• 11 October

  Hollister’s New Share2Pay Option And Other Digital Transactions News briefs from 10/11/22

  

  Retailer Hollister Co. announced Share2Pay, a payment option that enables consumers to share their digital shopping bag with their purchaser, such as a parent or grandparent, to complete the purchase. Developed in-house, the service, in testing, found that customers who shared their bags placed orders at almost twice the rate of other …
• 10 October

  Electronic Verification Systems Launches New Front-End Card Authentication Tech

  

  Electronic Verification Systems, a provider of identity- and age-verification solutions, early Monday announced the launch of AssurePay, a credit card-verification platform that EVS says authenticates consumer credit card information at the beginning of the payment process, instead of while the card data is being held for processing. To validate a …
• 10 October

  Adobe Forecasts a Modest 2.5% Increase in Online Holiday Shopping Volume

  

  With Halloween two weeks away, it’s time to start looking at the 2022 holiday shopping season and its potential impact on retailers and their payments volumes. E-commerce powerhouse Adobe Inc. is forecasting $209.7 billion in U.S. online holiday shopping purchases, up 2.5% from $204.5 billion in the Nov. 1 through …
• 10 October

  Mastercard OKs New Contactless Card Spec And Other Digital Transactions News briefs from 10/10/22

  

  Mastercard Inc. said it has approved the first cards for issuers that will work with new contactless specifications from the international standards body EMVCo aimed at defeating attacks from both traditional and quantum computers.In related news, Mastercard launched Global Treasury Intelligence, an analytics platform for businesses.Bank of America said its Pay by Bank service can now …
• 7 October

  TCH, SWIFT, And EBA Clearing Close in on a Pilot for Real-Time Cross-Border Payments

  

  The Clearing House, EBA Clearing, a provider of pan-European payment-infrastructure technology, and financial-messaging specialist SWIFT have taken the next step in making their planned real-time cross-border payments pilot a reality. The three companies announced late Thursday that the technology piece of the puzzle is ready. This includes technical messaging between …
• 7 October

  Crypto Exchange FTX Announces an Internationally Focused Debit Card Branded by Visa

  

  One of the ways cryptocurrency is becoming more familiar to consumers and merchants is through debit cards backed by crypto holdings. The latest development in this trend came to light early Friday with an announcement that the crypto exchange FTX.com will offer Visa-branded debit cards around the world. A launch …
• 7 October

  U.S. Retail Sales Increase 11% And Other Digital Transactions News briefs from 10/7/22

  

  U.S. retail sales, excluding automotive, increased 11% in September from September 2021, Mastercard Inc.’s latest SpendingPulse report found. E-commerce sales were up 10.7% year-over-year. The fuel and convenience sector had the highest growth, at 23.5%, last month. The luxury sector experienced a 5.2% loss against September 2021 sales.U.S. consumers plan to spend …
• 6 October

  Uber Readies Its Pro Card And Other Digital Transactions News briefs from 10/6/22

  

  The ride-share provider Uber is working with card-issuing platform Marqeta and fintech bank Branch to launch the Uber Pro Card, aimed at allowing drivers and couriers to earn cash back on gas, fees, and other costs. The card will be enabled through digital wallets.London-based International Game Technology PLC has expanded operations in the …