News

April, 2022

• 14 April

  There Are No Signs the Chip Shortage Is Easing, the U.S. Payments Forum Says

  

  The microchip shortage that has plagued point-of-sale terminal makers since the onset of the Covid-19 pandemic shows no signs of abating. Despite forecasts that chip supply would not begin to start catching up to demand until mid-2022, terminal makers should continue to plan for shortages at least through 2023, according …
• 14 April

  Often Overlooked, Checkout Is Assuming New Significance in Payments, Experts Say

  

  Customer checkout, whether online or at a store, can be taken for granted by merchants and payments firms alike. That’s a big mistake, according to a panel of experts who spoke Wednesday about new opportunities—and threats—lurking in checkout buttons.  For one thing, checkouts can represent a battleground in which players …
• 14 April

  Everyware Launches Pay By Text and other Digital Transactions News briefs from 4/14/22

  

  Everyware Worldwide Inc., a contactless payments and customer engagement company, announced its Pay By Text service, which enables consumers to use a cell phone number to make a payment. The service relies on Visa Inc.’s Token ID service.Insurity’s Sure Claims Payments platform will provide digital-payment options on workers’ compensation claims for Victory …
• 13 April

  Data Breaches Soar, Remaining on the Rise For the Third Consecutive Year

  

  After setting an all-time high in 2021, data breaches show no signs of slowing down in 2022. The number of known data breaches in the United States during the first quarter of 2022 totaled 404, a 14% increase from the same period a year earlier, according to the Identity Theft …
• 13 April

  The Absence of Interest Charges Is What Tweaks Consumer Interest in BNPL Services

  

  The buy now, pay later trend continues to solidify into a permanent part of the payments arena, thanks to consumers who readily adopt the installment-payment service. Now, new research finds that many—82%—are drawn to it because they do not have to pay interest for the installment-payment benefit. New research from …
• 13 April

  Another FI Picks Zelle and other Digital Transactions News briefs from 4/13/22

  

  Fiserv Inc. said Arkansas Federal Credit Union now offers the Zelle peer-to-peer payment service via Fiserv.Till Payments, an Australia-based payments-technology provider, said it is marking its official debut in the North American market at this week’s Electronic Transactions Association conference in Las Vegas. In January, Till acquired Zips, the payment-processing unit …
• 12 April

  Block’s Square Unveils a Revamped Square Stand As Merchant Needs Evolve Fast

  

  To help merchants manage their business through a single device in a rapidly changing payments landscape, Block Inc. on Monday introduced the next generation of Square Stand, the countertop device that converts an iPad into a point-of-sale system. It is the first redesign of Square Stand since its launch in …
• 12 April

  E-Commerce Is on a Tear, But How Much of That Volume Stems From Roaring Inflation?

  

  It’s a well-known fact that the pandemic drove consumers to e-commerce for goods they might otherwise have shopped for in stores, but now evidence is emerging that some of that increase in online spending is a result of steadily rising inflation. Consumers spent $83.1 billion online last month, up 7% …
• 12 April

  BridgePay Adopts Visa Tokens and other Digital Transactions News briefs from 4/12/22

  

  Payments gateway BridgePay Network Solutions LLC said is working with Visa Inc.’s TokenID technology to provide network tokenization to all clients using all processors.Paysafe Ltd. said it is expanding its working relationship with international gaming operator Betsson Group to support traditional and alternative payments for the new Betsafe online sportsbook for Colorado.Everi Holdings …
• 11 April

  Aiming at Smaller Banks, Priority Technology Brings Its Payables Platform to Century Bank

  

  Payments provider Priority Technology Holdings Inc. is partnering with Century Bank, a community bank with locations in New Mexico and Texas, to provide its accounts-payable platform called CPX (Commercial Payment Exchange) to the bank’s business customers. CPX automates manual business-to-business payments processes, such as manual check runs, payments, and reports.  …