Point-of-sale

December, 2024

• 2 December

  Why Small Businesses Are Drawn to AI for Payments

  

  Artificial intelligence emerged last year as a trending technology in payments, and now differences are starting to emerge in how businesses are viewing and deploying the technology, with small businesses showing the most enthusiasm, a new report from the big Atlanta-based processor Global Payments Inc. shows. In fact, some 94% …
• 2 December

  Lightspeed Reorg Cuts 200 Employees and other Digital Transactions News briefs from 12/2/24

  

  Point-of-sale systems maker Lightspeed Commerce Inc. announced a reorganization that will “impact approximately 200” employees. The savings from the move will be “redeployed” to other, unspecified areas of the company, Lightspeed said. Processor Priority Technology Holdings Inc. has filed a shelf registration statement with the Securities and Exchange Commission. The move will allow the …

November, 2024

• 27 November

  Illinois’s Interchange Law Will Distort Card Payment Economics, a Report Says

  

  If the Illinois Interchange Fee Prohibition Act survives the legal challenges it faces, the law would “create significant market distortions,” says a recent report from the International Center for Law & Economics, a Portland, Ore.-based nonprofit research and policy center. Some of the most significant impacts on the market, according …
• 27 November

  Flexa’s Crypto Plans and other Digital Transactions News briefs from 11/27/24

  

  Digital-payments platform Flexa is working with Electric Coin Co., to integrate Flexa technology into Electric Coin’s Zcash wallet in an effort to ease the use of digital currencies at U.S. retail locations that use Flexa technology. Licel Corp. said its Virtual Trusted Execution Environment (vTEE) has been approved by the standards body EMVCo …
• 26 November

  Eye on Point of Sale: PushX Hospitality Debuts; SurgePays Completes PAX Integration

  

  Hospitality platform provider PushX Inc. will launch its new mobile-payments and offers platform with a bar crawl it says is designed to showcase the customer experience, how merchants can push offers, and how it could enable faster service. Chicago-based PushX says the hospitality platform, announced Tuesday, can help consumers discover …
• 26 November

  Discover’s Next Merger Steps and other Digital Transactions News briefs from 11/26/24

  

  Discover Financial Services said it will file restatements of “certain prior period financial statements” and will “as soon as practicable” after that conduct a special stockholder meeting to vote on the company’s proposed merger with Capital One Corp. The proposed merger was announced early this year. Vault, a Canada-based financial platform, has initiated …
• 25 November

  Holiday Shoppers Are Expected to Spend More This Year As the Season Gets Set To Kick Off

  

  Consumers will spend a record $650 per person during Black Friday-Cyber Monday shopping events, a 15% increase from last year, according to a study from Deloitte. During the Black Friday-Cyber Monday period, 56% of consumers say they plan to spend more than half their holiday shopping budgets, compared to 47% …
• 22 November

  Small Businesses Have Work to Do to Attract Shoppers, NMI Finds

  

  While 78% of consumers say they are willing to pay more to shop at small merchants to help those businesses flourish, most plan to shop at large retailers as the holiday shopping season kicks off, a survey from payments processor NMI says. When the holiday shopping season officially kicks off …
• 22 November

  BNY Mellon Lands Direct Express Contract and other Digital Transactions News briefs from 11/22/24

  

  The Bureau of the Fiscal Service, part of the U.S. Treasury Department, has appointed the Bank of New York Mellon Corp. to manage the bureau’s Direct Express prepaid debit card program under a five-year agreement, starting Jan. 3. Fraud-prevention platforms Bectran Inc. and Giact Systems LLC are partnering to offer companies services …
• 21 November

  Flywire Teams With Blackbaud to Enable Cross Border Tuition Payments in the U.S.

  

  Flywire Corp., a specialist in payments for higher education, has partnered with Blackbaud Inc., a provider of fundraising, education, and social impact apps, to enable digital tuition payments in the United States for international students. The deal covers more than 1,000 K-12 private and independent schools served by Blackbaud and …