Point-of-sale

May, 2022

• 3 May

  Big Merchants And E-Commerce Help Drive Growth for FIS in 2022’s Early Going

  

  Some processors are ready to put the pandemic behind them, but FIS Inc. may have already done it. The big payments processor and banking-services provider early Tuesday reported its merchant revenue increased 15% year-over-year in the first quarter, a number that exceeded the company’s expectations, chief executive Gary Norcross told …
• 3 May

  Rite Aid Adds Afterpay BNPL and other Digital Transactions News briefs from 5/3/22

  

  Buy now, pay later provider Afterpay said retailer Rite Aid now accepts the installment payment option online and intends to offer it in-store in coming months.MoneyGram International Inc. rebutted claims by the Consumer Financial Protection Bureau that the company is a “repeat offender” with respect to “consumer harm,” citing the fact that the …
• 2 May

  Global Payments Puts the Pandemic Behind It As It Develops BNPL And Crypto Services

  

  Global Payments Inc. Monday morning reported continued recovery from the pandemic’s impact along with new developments the Atlanta-based company says will deepen its ventures in buy now, pay later, cryptocurrency, and support for banks overseas. Global chief executive Jeff Sloan also said the processor has exited its operations in Russia in …
• 2 May

  TCH Updates RTP Tokenization for Checking Accounts and other Digital Transactions News briefs from 5/2/22

  

  The Clearing House Payments Co. LLC announced it will soon introduce tokenization for checking account and routing numbers on transactions financial institutions run over TCH’s RTP real-time payments and EPN automated clearing house networks.Of 80 mid-tier U.S. financial institutions surveyed by Volante Technologies, 37% of these not already connected to The Clearing …

April, 2022

• 29 April

  Aeropay’s Deal With Flowhub Furthers Digital Payments’ Reach In Cannabis Dispensaries

  

  Electronic payments options for legal cannabis sales broadened their reach with Thursday’s deal between Aeropay, a digital payments provider specializing in cannabis sales, and Flowhub, a point-of-sale platform for legal cannabis dispensaries. The deal will enable more than 1,000 dispensaries using Flowhub’s POS software to accept ACH payments. To initiate …
• 29 April

  Restaurant Spending up 4% and other Digital Transactions News briefs from 4/29/22

  

  Consumer restaurant spending was up 4% in the first quarter, compared to a 7% increase in the 2021 first quarter, according to The NPD Group in a new report.Shift4 Payments Inc. has expanded its office in Lithuania, its only outpost in Europe, from a roster of two to more than 260 and …
• 28 April

  Digital Fraud Is Down Overall, But Several Industries Are Still At High Risk

  

  Thanks to more businesses implementing fraud-prevention tools, global digital fraud decreased more than 22% during the first quarter of 2022, compared to the same period a year earlier, according to TransUnion LLC’s quarterly digital-fraud analysis, released Thursday.  On a per-category basis, financial services, telecommunications, and retail all saw declines in …
• 28 April

  Aeropay’s ACH Integration with Flowhub and other Digital Transactions News briefs from 4/28/22

  

  Aeropay, a specialist in payments for the cannabis industry, announced it and Flowhub, a point-of-sale platform for cannabis dispensaries, will work together on enabling automated clearing house payments via Aeropay for more than 1,000 dispensaries using Flowhub’s software.Paysafe Ltd. said it is expanding in the auto-finance market through a deal to …
• 27 April

  PayPal’s Schulman Stresses a New Super App And Improved Checkout to Drive Growth

  

  PayPal Holdings Inc.’s top management made it plain late Wednesday they’re not backing down from a strategy they outlined three months ago that made it seem the payments giant was abandoning an emphasis on sheer growth in favor of increased user engagement . That impression disappointed analysts who follow the …
• 27 April

  Fiserv Drives Deeper Into Data Sharing And Leverages Its BentoBox And Finxact Deals

  

  Fiserv Inc. in recent years hasn’t been shy about entering new businesses, and now the company is preparing for an expansion of its stake in a market that has picked up considerable momentum in recent years: the data management that lies at the foundation of such operations as open banking. …