Point-of-sale

October, 2022

• 14 October

  Samsung Eyes 13 New Markets for Samsung Wallet

  

  Consumer electronics giant Samsung Electronics is looking to expand to 13 new markets for its Samsung Wallet service. Announced Friday, the expansion of the digital-wallet platform will more than double its presence from the eight nations where it is already available. Samsung Wallet is the new brand for the combined …
• 14 October

  Priority Pairs With Valor PayTech And Other Digital Transactions News briefs from 10/14/22

  

  Priority Technology Holdings Inc. said it is working to integrate omnichannel products from Valor PayTech into the Priority MX Merchant ecosystem.Raiven Capital said it has exited from an unspecified early-stage investment in Whizmo, a fintech that helps small businesses in emerging countries convert from cash acceptance to contactless payments.Mastercard Inc. launched Start Path …
• 13 October

  Eye on Chargebacks: ACI Data Show Flat Fraud Attempts And Forter Debuts Smart Claims

  

  Chargebacks are the bane of e-commerce retailers, but new data from ACI Worldwide Inc. indicate many may have them mostly in check. Separately, Forter launched Smart Claims, a product to help better manage chargebacks. Released Thursday, the new ACI data find that overall fraud attempts remained flat at 0.01%, despite …
• 13 October

  Issuers Laud Durbin Bill’s Shortfall And Other Digital Transactions News briefs from 10/13/22

  

  Credit unions and other credit card issuers cheered as the provisions of the proposed Credit Card Competition Act fell short of becoming an amendment to a defense-authorization bill in Congress. The bill’s sponsors, including Sen. Richard Durbin, D-Ill., had attempted to attach the CCCA to the defense bill as a shortcut to making it …
• 12 October

  Juniper’s $48 Billion in Online Fraud Forecast And Other Digital Transactions News briefs from 10/12/22

  

  A new Juniper Research report forecasted e-commerce fraud will exceed $48 billion globally in 2023, up from $41 billion in 2022.BJ’s Wholesale Club has selected Capital One as the issuer of the retailer’s cobranded Mastercard, which is set to launch early next year.Galileo Financial Technologies said it has been Visa Ready certified as an …
• 11 October

  Toast Introduces an All-in-One POS App to Let Restaurants Manage Their Business

  

  To help restaurants manage catering and wholesale orders with their in-person, takeout, and delivery business while using one POS system, Toast Inc. has launched Toast Invoicing. The new application, developed in response to what Toast sees as restaurants’ growing catering business, will eliminate the need for a separate POS system, …
• 11 October

  PayPal Advances Its U.S. POS Ambitions With a Launch of the All-in-One Zettle Terminal

  

  PayPal Holdings Inc. early Tuesday said it is making its new Zettle Terminal available to U.S. merchants generally following a rollout in Europe last year. The $199 device represents the e-commerce payments giant’s latest thrust into physical shops and restaurants and builds on technology acquired when it paid $2.2 billion …
• 11 October

  Hollister’s New Share2Pay Option And Other Digital Transactions News briefs from 10/11/22

  

  Retailer Hollister Co. announced Share2Pay, a payment option that enables consumers to share their digital shopping bag with their purchaser, such as a parent or grandparent, to complete the purchase. Developed in-house, the service, in testing, found that customers who shared their bags placed orders at almost twice the rate of other …
• 10 October

  Electronic Verification Systems Launches New Front-End Card Authentication Tech

  

  Electronic Verification Systems, a provider of identity- and age-verification solutions, early Monday announced the launch of AssurePay, a credit card-verification platform that EVS says authenticates consumer credit card information at the beginning of the payment process, instead of while the card data is being held for processing. To validate a …
• 10 October

  Mastercard OKs New Contactless Card Spec And Other Digital Transactions News briefs from 10/10/22

  

  Mastercard Inc. said it has approved the first cards for issuers that will work with new contactless specifications from the international standards body EMVCo aimed at defeating attacks from both traditional and quantum computers.In related news, Mastercard launched Global Treasury Intelligence, an analytics platform for businesses.Bank of America said its Pay by Bank service can now …