Point-of-sale

January, 2023

• 24 January

  Debit Cards Are Most Popular for Subscription Payments, a Recurly Report Says

  

  The most popular payment method for funding subscription payments is a debit card, with the checking account-connected option being used for 52.9% of global subscription payments. Subscription platform Recurly Inc. released this and other data in its “2023 State of Subscriptions” report Tuesday. The second most popular option was credit …
• 23 January

  Dealer Pay Enhances Its POS Platform To Enable Better Customer Experience for Auto Dealerships

  

  Dealer Pay, a provider of point-of-sale technology to franchise and independent auto dealers, has updated its platform with several new features intended to deliver a better customer experience. Dealer Pay’s “send payment request” features enable dealers to collect payments directly from the customer via text messaging or email. Dealers can …
• 23 January

  Marqeta’s & Deloitte’s Payments Plan Other Digital Transactions News briefs from 1/23/23

  

  Payments fintech Marqeta Inc. said it has entered a strategic alliance with consulting firm Deloitte to help banks, fintechs, and payments providers quicken the pace of payments modernization. Grazzy, an app provider for same-day earnings and other employee payments, announced a $4.25-million seed funding round from Next Coast Ventures and Tuesday Capital. …
• 20 January

  Inflation Woes Cause Bill Payment Worry Among 86% of Consumers, doxo Finds

  

  As costs continue to increase across the country, many Americans worry about their bill-payment obligations, with 86% concerned about the inflationary impact, found a new survey from doxo, a bill-payment services company. In the report, “The Impact of Inflation on Paying Household Bills in the New Year,” doxo found that …
• 20 January

  Priority Lines up Gift Card Providers Other Digital Transactions News briefs from 1/20/23

  

  Priority Technology Holdings Inc. said it will offer merchants gift card products from Factor4 and GiftYa. Doma Holdings Inc., a technology platform for the real-estate industry, said it linked to payments provider paymints.io to allow home buyers to deposit earnest money digitally. The Electronic Transactions Association announced its 2023 board of directors. Eric Hoffman, …
• 19 January

  Marqeta Launches Web Push Provisioning to Streamline Mobile Payments

  

  Card-issuing platform Marqeta Inc. has extended its tokenization technology to allow card issuers to push tokenized cards to consumers’ mobile devices, where consumers can use the cards to make purchases. The new technology, which Marqeta calls “web push provisioning,” is expected to reduce friction in mobile payments by eliminating the …
• 19 January

  Discover Network Reports Its Fourth Quarter Volume Grew 9.2%

  

  Discover Financial Services posted single-digit growth rates for both its Pulse and Discover network units in the fourth quarter of 2022. Discover on Thursday said volume on its Discover Network was $58.1 million in the quarter, a 9.2% increase from $453.2 million in the year-ago quarter. Pulse, Discover’s debit network, …
• 19 January

  Fiserv Wins Desjardins Card Account Other Digital Transactions News briefs from 1/19/23

  

  Desjardins Group, said to be the biggest financial cooperative in North America, said it will transfer its credit card processing function to Fiserv Inc. The deal is said to be the first such “large-scale” engagement in Canada for Fiserv. Business-to-business buy now, pay later platform Playter launched Paid, a service that lets Playter clients …
• 18 January

  The U.S. Should Exert CBDC Leadership And Invest More in a U.S. Version, a Digital Dollar Group Says

  

  The Digital Dollar Project early Wednesday issued recommendations that include bigger investments by the federal government in researching a tokenized digital dollar. The group also called on the United States to exert leadership internationally in setting global standards for government-issued digital currencies even if the U.S. itself ultimately refrains from …
• 18 January

  Circle K’s New EV Charging Service Plugs into Billing

  

  Convenience store chain Circle K is migrating its electric vehicle charging network to Driivz, a service that includes scalable EV charging billing. Tel Aviv-based Driivz says the network includes more than 600 public EV charging stations in Europe and North America.  Laval, Quebec-based Alimentation Couche-Tard Inc., parent company of Circle …