Point-of-sale

August, 2022

• 2 August

  AmEx Launches SMB Global Pay Service And Other Digital Transactions News briefs from 8/2/22

  

  American Express Co. launched American Express Global Pay, a digital payment service to enable U.S. businesses to make domestic and international business-to-business payments. Eligible U.S. AmEx Small Business cardholders can fund payments from their business bank accounts to suppliers in more than 40 countries with a dozen currencies.RevoluGroup Canada Inc., a payments-technology provider, …
• 1 August

  First American Payments Settles an FTC Complaint Regarding Deceptive Practices

  

  First American Payment Systems has agreed to a proposed federal court order requiring the processor to repay $4.9 million to small businesses affected by what the Federal Trade Commission called deceptive practices, according to the FTC. The settlement, announced Friday, was made in the wake of charges by the FTC …
• 1 August

  Global Payments Says It Will Acquire Overseas Payments Specialist EVO for $4 Billion

  

  The consolidation of the payment-processing business continues apace, driven by economies of scale and the challenges of keeping up with emerging technology. In the latest deal, which is expected to close in the first quarter of next year, Global Payments Inc. announced early Monday it will acquire EVO Payments Inc. …
• 1 August

  Regpack Signs NYLA Talent And Other Digital Transactions News briefs from 8/1/22

  

  Regpack, a payment management platform, said NYLA Talent, a network of more than 100 entertainment industry professionals and organizations, adopted its service to automate and digitize its payment processes.Early Warning Services LLC has opened a new headquarters in Scottsdale, Ariz. Owned by seven of the nation’s biggest banks, Early Warning is …

July, 2022

• 29 July

  Dueling Trade Groups Seek to Sway the Payments Industry Over Durbin’s Credit Card Bill

  

  With the introduction in Congress on Thursday of a bill that attacks rising credit card acceptance costs, lobbyists for both sides of the issue lost no time firing broadsides, pro and con, over the matter. The legislation, co-sponsored by Richard Durbin, D-Ill., and Roger Marshall, R-Kan., seeks to ratchet down …
• 29 July

  PayGround Secures $5.5 Million in Funding And Other Digital Transactions News briefs from 7/29/22

  

  PayGround, a payments fintech specializing in health care, completed a $5.5-million funding round led by FCA Venture Partners and Lewis & Clark Ventures. The financing follows a $4-million seed round for PayGround last year.Chargebacks911 said its partnership with FIS Inc.’s Worldpay unit now includes Disputes Deflector, a set of chargeback and …
• 28 July

  It’s Too Soon To Know Impact of New Routing Proposal, Mastercard Says

  

  Mastercard Inc. executives are paying close attention to a new proposal in the U.S. Congress that could alter merchant choice in routing credit card payments. Concurrently, its earnings are riding the crest of a wave that includes consumer spending and the resurgence in travel. A bipartisan bill sponsored by senators Richard …
• 28 July

  Daystar Aims for 1,000 ISOs And Other Digital Transactions News briefs from 7/28/22

  

  Daystar Payments has launched as a payments processor aiming to sign 1,000 independent sales organizations by the end of 2023, with a focus on attracting minority-owned businesses.Weave, a provider of customer-communication technology, launched a buy now, pay later platform for health-care providers. The company introduced a payment-processing platform in late 2019.The Strawhecker Group, …
• 27 July

  MX Expands Its Open Banking Footprint Via Deals With Sionic And FuturePay

  

  MX Technologies Inc. has expanded its reach into the emerging field of open banking through partnerships with Sionic Mobile Corp., a provider of consumer-to-business payments technology, and FuturePay Inc., a provider of digital revolving credit solutions for e-commerce merchants and their customers. Sionic is embedding MX’s instant account-verification and account-aggregation …
• 27 July

  Visa’s Kelly Touts Visa Direct to Attack P2P Fraud As the Network Reports a Strong Quarter

  

  Visa Inc. late Tuesday reported a continued recovery in cross-border payments, double-digit increases in U.S. payments volume, and no let-up in the industry’s general shift to contactless payment. It also faced a question regarding Visa Direct and its links to instant peer-to-peer payments services that the Consumer Financial Protection Bureau …