Point-of-sale

September, 2022

• 12 September

  JPMorgan Acquires Renovite And Other Digital Transactions News briefs from 9/12/22

  

  J.P. Morgan announced it has agreed to acquire Renovite Technologies Inc., a payments-technology company based in California, to help modernize the bank’s merchant-acquiring platform. Terms were not announced.The Western Union Co. announced it has acquired Te Enviei, a digital wallet based in Brazil, in an effort to introduce expanded Western Union services …
• 9 September

  Aurora Payments Bulks up With Its Deal for the ISO One Payment

  

  Aurora Payments LLC, which specializes in integrated-payments technology for small to medium-size businesses, has acquired One Payment, a Florida-based fintech payment company, for an undisclosed sum. One Payment services more than 6,000 merchants, with a focus on minority-owned small and medium-size businesses. The company processes more than $1 billion in …
• 9 September

  Feeney Will Step Down As CEO of Cantaloupe Following Record Revenue Results

  

  Sean Feeney, the veteran software executive and former U.S. Army officer who took over as chief executive of Cantaloupe Inc. in June 2020, will retire Sept. 30 and will be replaced by Ravi Venkatesan, who has been serving as chief operating officer of the vending-payments specialist since February. The move …
• 9 September

  Lavu Partners With Up ‘n Go; BofA’s Payments Data And Other Digital Transactions News briefs from 9/9/22

  

  Lavu, a payments-technology provider specializing in restaurants, said it is partnering with Up ‘n Go, a vendor of contactless-payment technology based on QR codes, for pay-at-table checkouts.Data from the Bank of America Institute indicate overall consumer spending seen by the big bank in August was up 13% over the same month in …
• 8 September

  Zelle’s Big Results; Square’s Canada Gambit And Other Digital Transactions News briefs from 9/8/22

  

  Block Inc.’s Square unit announced it has integrated accounting software from Sage into its point-of-sale software in Canada.A fintech called DailyPay launched a Visa-branded card called Friday that allows users to access earned pay before payday. The card is issued by The Bancorp Bank.Insurance-industry payments network ePayPolicy launched CheckMate, a facility that converts paper checks into …
• 7 September

  Shift4 Ups Its Game As Rivalry Gets Intense in the Restaurant POS Market

  

  Shift4 Payments Inc., which has built a large client base in the hotel and hospitality market, made a bid for greater share in the highly competitive restaurant POS market Tuesday with the introduction of SkyTab POS, a modular, Android-based software application that combines back-end functionality and point-of-sale capabilities in a …
• 7 September

  Eight Embedded-Payments Players Issue a ‘Bill of Rights’ to Bolster Industry Ethics

  

  Eight companies involved in the rapidly expanding industry of weaving payments capability into business software have announced an “Embedded Payments Bill of Rights” to stress ethical practices for the young industry. More companies will join these eight very soon, says Todd Ablowitz, co-chief executive and co-founder of Denver-based Infinicept, one …
• 7 September

  Paysafe Bets on Iowa And Other Digital Transactions News briefs from 9/7/22

  

  Paysafe Ltd. announced a link to mobile sportsbook ClutchBet that will allow Paysafe’s Skrill USA digital wallet and Paysafecash digital-cash platform to support online payments for ClutchBet’s Iowa sportsbook.Payments platform Spreedly launched a payments-orchestration capability for marketplaces and other merchant aggregators. Payments orchestration manages transactions arriving from various gateways and by means of …
• 6 September

  Usio Forges Its Own Point-of-Sale Credit Service for Merchants

  

  Usio Inc. is jumping into the point-of-sale credit arena with its own service, which enables businesses to offer instant credit to customers without the risk of consumer lending. Announced Tuesday, the service enables merchants to offer POS financing without integration issues or credit concerns, Usio says. “Any business that deals …
• 6 September

  The UK Fends off Fraud And Other Digital Transactions News briefs from 9/6/22

  

  A study of fraud losses in European countries by FICO indicates the United Kingdom cut losses by 49 million pounds last year, the most of any European country, according to the 2021 European Fraud Map from FICO, a predictive-analytics company.Checkout-technology provider Bolt launched Checkout Links, which it says enables consumers to check out …