Point-of-sale

November, 2022

• 14 November

  AmEx Partners With TikTok To Drive Sales At Small Businesses

  

  American Express Co. is working with the popular social-media platform TikTok to launch the #ShopSmall Accelerator, a program intended to help small-business owners reach a new generation of shoppers on Small Business Saturday, Nov. 26, and throughout the rest of the holiday-shopping season. The deal will provide business owners with …
• 14 November

  Transactions Alone Are Not Enough for Payment Gateways

  

  As clients of payment gateways turn to them for more than connectivity to multiple processors, choosing a gateway becomes more complex. The 2022 edition of The Strawhecker Group’s Payment Gateway Directory hopes to help with that, even as gateways’ role expands. Payment gateways are a key driver in the payments …
• 11 November

  Looking to Enable More Debit Volume, Instacart Adds Adyen for Processing

  

  Instacart, the online grocery-delivery service and marketplace that employs personal shoppers to shop for consumers—and then facilitates delivery of those orders to the customer’s home—has brought on Adyen Inc. to provide additional payment processing capabilities. The deal will enable Instacart to leverage Adyen’s platform for payments including, PINless debit. Instacart …
• 11 November

  Toast Exceeds $100 Billion in Annualized Volume As Eateries Equip for a Post-Pandemic Era

  

  Few merchant markets are more competitive these days than hospitality, particularly restaurants, a state of affairs that only gained intensity with the onset of the pandemic. But at the same time, the drive among eateries to install modern payment-processing technology has lent impetus to many point-of-sale technology providers and processors …
• 10 November

  ‘We Have to Execute Better,” Says CEO Lowthers As He Revamps Paysafe

  

  Former FIS Inc. executive Bruce Lowthers took over as chief executive of Paysafe Ltd. in May, and since then he’s had to work to steady a stumbling processing giant. His early assessment of his new company wasn’t pretty. “Bluntly, we’ve lost our way here,” he told equity analysts in August. …
• 10 November

  Consumer Spending Moderates in October And Other Digital Transactions News briefs from 11/10/22

  

  Overall consumer spending per household moderated in October compared to September, up 2.9% year-over-year vs. 3.2%, according to a study from Bank of America Institute. Still, total transactions for the bank—cards, ACH, wires, bill pay, P2P, cash, and checks—increased 9%. Payments provider Green Dot Corp. reported consolidated gross dollar volume of $18.7 billion …
• 9 November

  Eye on BNPL: Affirm On Track to Be Profitable in Fiscal ‘23; Afterpay Expands in Canada

  

  Affirm Holdings Inc. says it is on track to post profitable operating income in its fiscal year 2023. The declaration came during a conference call with analysts late Tuesday to discuss the buy now, pay later provider’s financial performance during the first quarter of its fiscal year 2023, which ended …
• 9 November

  Oracle Follows up Its Payment Cloud Launch With a Handheld Payment Device for Restaurants

  

  The tech giant Oracle Corp. early this summer launched a cloud-based payments-processing service aimed at the hotly contested restaurant market, and early on Wednesday the company added a handheld device for servers to use tableside. The new terminal, dubbed the Oracle Micros Simphony mobile order and pay device, runs on …
• 9 November

  Ralphs Now Accepts Apple Pay and other Digital Transactions News briefs from 11/9/22

  

  California grocer Ralphs has begun accepting Apple Pay in its 184 locations in the state, reported MacRumors.com, citing a company spokesperson. Ralphs is part of the Kroger Co., which Digital Transactions News reported in 2020 was testing contactless payments at some of its locations. Kroger launched its proprietary mobile-payments service Kroger Pay in 2019, but has …
• 8 November

  E-Commerce Merchants Can Expect a Better Holiday Season This Year, ACI Predicts

  

  Consumers are projected to be shopping more online this holiday shopping season, compared to the same period a year ago. Data released Tuesday by payments-technology provider ACI Worldwide Inc. projects a 15% increase in e-commerce transactions from October through December, compared to the same period in 2021. The projected increase …