Point-of-sale

February, 2022

• 16 February

  Shift4 Snags D.C.’s Audi Field As Its Latest Sports-Venue Client for Mobile Transactions

  

  As sports fans return to stadiums after nearly two years of the Covid pandemic, payment processors are eyeing a big opportunity for transaction volume. In the latest development, one of the biggest players in this game, Shift4 Payments Inc., said early Wednesday it has signed Audi Field in Washington, D.C., …
• 16 February

  BIM Launches BuyPass ACH Service and other Digital Transactions News briefs from 2/16/22

  

  Payments-technology firm Buy It Mobility launched BuyPass, a platform aimed at allowing merchants to more quickly launch automated clearing house and merchant-branded payments programs. BIM is working with network capabilities and virtual card technology from Discover Network to reduce the time and cost for merchant integration.Transaction-security firm Forter launched Smart Payments, a technology that uses the …
• 15 February

  MoneyGram Will Go Private in $1.8 Billion Deal With Private-Equity Player Madison Dearborn

  

  Money-transfer powerhouse MoneyGram International Inc. will go private later this year in a deal announced Tuesday with private-equity firm Madison Dearborn Partners LLC. Valued at $11 per common-stock share, the deal also includes assumption of $799 million in debt.  Expected to close in the fourth quarter, the deal will see …
• 15 February

  FIS’s Top Brass Looks for Big Results Among Small Sellers Following the Payrix Deal

  

  FIS Inc.’s acquisition of Payrix Solutions LLC, announced Monday, comes as e-commerce is booming and as payments platforms are weaving payments capabilities into the software they’re selling to online merchants. The deal will also help FIS, known for its processing capabilities for enterprises, reach small and medium-size online sellers, top …
• 15 February

  ACI PayAfter BNPL Service Debuts and other Digital Transactions News briefs from 2/15/22

  

  ACI Worldwide Inc. announced ACI PayAfter, a buy now, pay later service that provides merchants access to more than 70 BNPL providers via a single integration. “ACI PayAfter gives consumers one BNPL option—ACI PayAfter—displayed at checkout, one application form, and a single credit check, all while providing access to multiple financing …
• 14 February

  Epos Now’s New App Links U.S. Third-Party Delivery Platforms With Restaurants

  

  With online ordering capabilities now table stakes for restaurants, Epos Now, a London-based provider of cloud-based software, announced Monday it is rolling out its Epos Now Delivery application for restaurants in the United States. The decision to launch Epos Now Delivery in the U.S. market was prompted by the massive …
• 14 February

  F1 Payments Adopts Corvia Moniker and other Digital Transactions News briefs from 2/14/22

  

  Four-year-old payments provider F1 Payments announced it has changed its name to Corvia, effective immediately.Electronic funds transfer network Shazam announced it is offering DocuCommand, a document-management service, to client banks and credit unions.Mastercard Inc. said it expanded its partnership with Fearless Fund, a venture capital fund created by women of color for women of …
• 11 February

  Ransomware Attacks Prompt a Warning From the National Cybersecurity Alliance and PCI SSC

  

  With ransomware attacks showing no signs of slowing down, the National Cybersecurity Alliance and the PCI Security Standards Council issued a joint warning bulletin Thursday. The bulletin was prompted by feedback from payment industry stakeholders and heightened news coverage of the attacks throughout 2021, says the PCI SSC.  In 2021, …
• 11 February

  GoDaddy Payments Touts Early Growth and other Digital Transactions News briefs from 2/11/22

  

  GoDaddy Inc. said its newly formed GoDaddy Payments unit has sold more than 1,000 point-of-sale devices and taken in “tens of thousands” of applications for the service from customers of the firm’s Web services. GoDaddy in September released a countertop payment terminal and mobile card reader, following the launch of GoDaddy Payments in June. …
• 10 February

  Affirm Logs Big Gains From Its Shopify And Amazon Deals While Addressing a CFPB Probe

  

  When it comes to fast growth, it doesn’t hurt to have huge merchant platforms like Amazon.com Inc. and Shopify Inc. in your corner, a proposition Affirm Inc. underscored late Thursday as it reported huge increases in merchandise volume, active users, and other indicators. “We feel great about our progress,” said …