News

July, 2024

• 30 July

  The Nuances of Surcharging And Cash Discounting Draw Many Questions From VARs and ISVs

  

  Value-added resellers and independent software vendors enticed by the attractiveness of surcharging and cash-discount programs find there’s no one-size-fits-all approach for enrolling merchants. Questions about the programs abound at RetailNow 2024, the annual conference sponsored by the Retail Solutions Providers Association and in progress this week in Las Vegas. The …
• 30 July

  DinerDaddy Turns to MagTek and other Digital Transactions News briefs from 7/30/24

  

  DinerDaddy, technology provider to restaurants, has adopted MagTek’s Magensa Gateway Services and the company’s iDynamo 6 mobile terminal, MagTek announced. A survey of almost 1,000 IT security professionals in the U.S., U.K., French, and German markets indicates 83% were hit with ransomware attacks in the past year, with “a high …
• 29 July

  Stripe Partners With Fifth Third to Expand Embedded Payments And Acquires Processor Squeezy

  

  Stripe Inc. has partnered with Newline by Fifth Third, a provider of embedded payments from Fifth Third Bank, to expand embedded financial services for Stripe’s platform users and their customers. Newline by Fifth Third’s API-based platform allows businesses to launch and scale payment, card, and deposit products directly with Fifth …
• 29 July

  Shift4 Makes a Card-Present Play in Europe With Its Fabrick Partnership

  

  The major U.S. payments processor Shift4 Payments Inc. said early Monday it will work with Fabrick S.p.a. to offer the Milan-based company’s embedded-finance and payments-orchestration services to merchants in Europe. Terms of the deal were not immediately available. For Fabrick, the deal means the 6-year-old company can rely on Shift4’s …
• 29 July

  Real Time for Wallets and other Digital Transactions News briefs from 7/29/24

  

  AppBrilliance said it is extending real-time payments to funding of closed-loop digital wallets via a recent rule change by The Clearing House Payments Co. The move will allow providers such as Starbucks, Dunkin’, and Chick-fil-A to use real-time rails for their proprietary wallets, the company says. ZeroTier, which provides connectivity between …
• 26 July

  The CFPB Takes Aim At Processors’ Fees for School Lunches

  

  The Consumer Financial Protection Bureau has issued a report highlighting what the agency calls “junk fees” charged by processors when parents add money to students’ school-lunch accounts. Such fees cost families upwards of $100 million a year, according to the CFPB. In its study, the CFPB found that, on average, …
• 26 July

  How Acquirers Prepare for AI’s Utility in Retention and More

  

  Artificial intelligence tools may still be in development, but their utility for acquirers is quickly becoming apparent. “A lot of people think it’s a ‘nice to have,’ but it’s no longer a ‘nice to have,’” Sebastian Builes, cofounder and chief executive at Arcum, a merchant-retention firm that uses AI, told …
• 26 July

  Square Joins US Foods’ Check program and other Digital Transactions News briefs from 7/26/24

  

  Square announced it has joined US Foods’ Check program, which offers technology to restaurants. Square is the point-of-sale payments unit of Block Inc. US Foods is a distributor to the dining industry. China’s UnionPay cards now total more than 240 million outside China, the company said in an update, with issuance in 82 …
• 25 July

  Composable commerce for ISVs: Creating the blueprint for strategic growth

  

  Steven Velasquez, Senior Vice President and Head of Partner Business Development – U.S. Bank | Elavon As consumer demand for a frictionless payment experience increases, ISVs that embed additional financial services into their offerings stand to win more market share in a progressively competitive software ecosystem. How ISVs decide to …
• 25 July

  Kasheesh Brings a New Twist to Split Payments

  

  Financial technology provider Kasheesh Inc. on Thursday launched a virtual card that allows consumers to split payments for online purchases across up to five existing credit, debit, and prepaid cards. The card is intended to provide an alternative to buy now, pay later loans.  The Mastercard-branded card can be loaded …