Digital Transactions Authoritative, insightful and timely information for payments professionals
GoTab Inc., a provider of digital ordering and payment solutions for the hospitality industry, has introduced Pocket POS, a mobile point-of-sale terminal about the size of a mobile phone that enables servers to take orders, manage tabs, process payments, and communicate with hosts and hostesses, as well as kitchen staff, …
September, 2023
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14 September
Cross-Border Options Are Among Factors Driving Real-Time Payments Growth, a Study Finds
A growing volume of cross-border transactions is fueling the development of real-time payment services, according to a new report from Bank of New York Mellon Corp. and research firm Datos Insights. The report also says businesses stand to lose if they’re slow to invest in real-time payments. Some 80% of …
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14 September
FreedomPay’s Cross-Border Platform And Other Digital Transactions News briefs from 9/14/23
Commerce platform FreedomPay said it will begin offering point-of-sale devices from Pax Technology Inc. in the second quarter next year. Visa Inc. announced it will deploy its real-time payments network, Visa Direct, to allow users of United Kingdom-based money-transmission platform Paysend to route payments to eligible Visa cards in 170 countries and territories. …
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13 September
Intuit Makes a Bid for More Small-Business Payments With a New Combo Service
Intuit Inc., developer of the QuickBooks accounting software and related services for small businesses, embedded itself further into the payments business on Wednesday when it unveiled QuickBooks Money. The free product allows businesses to send invoices accepting payment choices including credit, debit, automated clearing house, PayPal, Venmo, and Apple Pay …
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13 September
Shift4 Agrees to Process for Timeshare Rental Marketplace RedWeek.com
Shift4 Payments Inc. has reached an agreement to become the processor for timeshare rental and resale marketplace RedWeek.com. Under the terms of the deal, Shift4 will process RedWeek.com’s timeshare rental and membership transactions, handle direct customer billing and recurring payments, and manage chargebacks, fraud, and reporting capabilities. A competitor to …
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12 September
Eye on Processors: Wix Debuts Tap to Pay on Android; Adyen Issues 2 Billion Tokens
E-commerce platform Wix.com Ltd. looks to make it easier for its merchants with stores to accept physical payments with the debut of Tap to Pay on Android. The technology, coming from Stripe Inc., means merchants can accept contactless payments with a regular Android smart phone and no additional hardware. Tap …
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12 September
PCI DSS 4.0 Compliance Concerns And Other Digital Transactions News briefs from 9/12/23
Some 90% of businesses are “concerned” about whether they will be able to meet a March 2025 deadline for compliance with PCI DSS 4.0, a newly updated payments-security standard, according to a survey from payments-security firm Bluefin and S&P Global Market Intelligence. The survey was conducted during the second quarter and included …
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11 September
Parking Is the First Step for Hyundai Pay
Step one for Hyundai Pay, the in-car payment service debuting in the 2024 Kona crossover, is enabling payments for parking while sitting in the driver’s seat. Step two is broadening its capabilities and making it an integral part of the vehicle, Olabisi Boyle, Hyundai Motor North America vice president of …
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11 September
A Top Fed Official Points to Real Time Payments Progress While Eyeing Stablecoins Skeptically
The Federal Reserve seeks to work closely with private-sector instant-payment services and plans to carve out a regulatory role to govern developments in stablecoins, a top official at the Fed said Friday. The remarks come in the wake of the Fed’s launch in July of its FedNow real-time payments network. …
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11 September
Zip Eyes Expansion And Other Digital Transactions News briefs from 9/11/23
Buy now, pay later specialist Zip Co Ltd. said it is working with Primer, a payments and commerce provider, to expand and optimized its payments stack. The troubled cryptocurrency exchange FTX is seeking to reclaim millions in payments it made to celebrities and sports personalities prior to its November bankruptcy filing. Merchant services provider PayBright named …
