News

September, 2022

• 28 September

  Agility with e-commerce: Enabling e-commerce payments is no longer negotiable

  

  By Dustin Siner, Chief Revenue Officer, Agile Financial Systems The rise of e-commerce and social commerce is unmistakable. What was once viewed as an alternative shopping method for a select few is now the preferred shopping method for a significant portion of consumers. A report by Statista forecasts that by …
• 28 September

  As Consumers Boost Mobile Shopping, Square Messages Gets Some Key Enhancements

  

  As consumers rely more and more on their mobile phones and other digital platforms, Square unveiled on Wednesday several new enhancements to Square Messages, its artificial-intelligence-based digital-communications platform. Square is the payment-processing unit of San Francisco-based Block Inc. Square Messages allows merchants and consumers to communicate through a single platform …
• 28 September

  Elavon Launches a Platform for Contactless Payments in Mass Transit

  

  The big payments processor Elavon Inc. has joined the movement to convert mass transit in the United States to contactless technology for fare transactions. The Atlanta-based company on Tuesday launched its Mass Transit Payments platform, aimed at both public and private agencies and with gateway and acquiring services provided by …
• 28 September

  Square Tap to Pay on iPhone Debuts And Other Digital Transactions News briefs from 9/28/22

  

  Square, the point-of-sale and e-commerce unit of Block Inc., said Tap to Pay on iPhone is now commercially available to its merchants following a June release to select sellers. Available within the Square Point of Sale iOS app, Tap to Pay on iPhone enables merchants to accept contactless payments directly …
• 27 September

  46% of All Ransomware Attacks Happen in the United States, NordLocker Says

  

  One country—the United States—accounts for 46% of all ransomware attacks, a sobering statistic revealed in a new report from NordLocker, a European cybersecurity provider. Yet, within the 50 states, not all have the same propensity for the nefarious attacks, NordLocker says, which analyzed multiple databases of ransomware incidents that affected …
• 27 September

  Get Set for a Virtual Card Tsunami, Juniper Research Says

  

  Virtual payment cards have been around for more than a decade, but now they appear to be poised for big growth with the rise of e-commerce and the wide availability of digital wallets. Indeed, the volume of transactions arising from these cards will balloon from 28 billion worldwide this year …
• 27 September

  Volante’s ACH Tech in Colombia And Other Digital Transactions News briefs from 9/27/22

  

  Volante Technologies, a U.S.-based payments platform, said it is providing a banking portal for ACH Colombia, a fintech based in that South American country, as part of an effort to digitize ACH Colombia’s payments infrastructure.Payments-technology company Payscout LLC said it will offer a direct link to its Paywire platform to users of …
• 26 September

  PNC Jumps Into Restaurant POS Systems With Its Acquisition of Linga

  

  Rivalry in the highly competitive restaurant POS systems market got even hotter Monday as PNC Financial Group Inc., announced its acquisition of Linga, a provider of point-of-sale systems for the restaurant and hospitality industry, for an undisclosed sum. The deal will enable PNC to better serve its clients in the …
• 26 September

  One More Thing? Apple Pay Later’s Debut Is Still Pending

  

  Apple Inc.’s latest financial product, a buy now, pay later service called Apple Pay Later, has yet to arrive, though the iPhone operating system it was expected to require launched Sept. 12. Why is that? One Bloomberg columnist suggests Apple Pay Later, which was announced in June, may not arrive …
• 26 September

  Humbl’s Integration With GreatFoods2Go And Other Digital Transactions News briefs from 9/26/22

  

  Mobile-wallet developer Humbl Inc. announced an integration with food-delivery platform Great Foods2Go that will include the integration of Humbl’s Humbl Wallet, Humbl Pay, Humbl Search Engine, and Humbl Marketplace capabilities.Bank of America announced it has added a sign-in capability by QR code for its CashPro platform, a payments utility for client companies. The …