Point-of-sale

October, 2021

• 14 October

  The U.K.’s SumUp Busts Into the U.S. Acquiring Market With Its Deal for Fivestars

  

  In a deal that could have important implications for payments providers like Square Inc. and Stripe Inc., the United Kingdom’s SumUp Inc. early Thursday announced it has acquired Fivestars Loyalty Inc., a San Francisco-based payment facilitator for some 12,000 small businesses. The acquisition, SumUp’s first in the U.S. market, calls …
• 13 October

  Ransomware Attacks up 62% and other Digital Transactions News briefs from 10/13/21

  

  Insurer Alliance Global Corporate & Specialty issued a report detailing how companies can protect their systems from an epidemic of ransomware attacks. Such attacks increased 62% in the first half 2021, year-over-year, following a 20% rise for all of 2020, according to FBI statistics cited by Alliance.Online gifting platform SmartGift said it is …
• 12 October

  Computop Leverages NFC Tags to Enable Mobile Contactless Payment Without An App

  

  NFC tags, a technology commonly used to enable contactless payments through a mobile device at the pump and at vending machines, are making their way to the physical point-of-sale. Computop, a Bamberg, Germany-based provider of omnichannel and fraud-prevention solutions, announced on Tuesday Computop Close-by, a payment solution that uses NFC …
• 12 October

  FortisPay Is Now Fortis, Signaling Its Stress on Payments Integration for Business Software

  

  As trends such as payment facilitation and integrated payments continue to unfold, at least some payments providers are giving more thought to long-held branding strategies. The latest example is that of FortisPay, which on Tuesday announced it is dropping the “Pay” and is now in the market simply as Fortis. …
• 12 October

  BitPay an Option on Wix’s Platform and other Digital Transactions News briefs from 10/12/21

  

  Cryptocurrency payment processor BitPay Inc. said it completed an integration with Wix, an e-commerce platform, to enable BitPay’s Bitcoin and crypto payment processing as a payment option.Splitit USA Inc. said Discover cardholders can use the installment payments with their cards. Diners Club International and other alliance cards can be used, too. Splitit uses …
• 11 October

  The Clearing House, SWIFT, And EBA Clearing Partner to Speed Cross-Border Payments

  

  The Clearing House, EBA Clearing, a provider of pan-European payment-infrastructure technology, and financial-messaging specialist SWIFT have completed a proof-of-concept aimed at introducing faster cross-border payments than are currently available. The three member-owned companies announced Monday they have finished a project to synchronize cross-border payments occurring in one instant-payment system with …
• 11 October

  Merchant Acquiring Returns to Fast Growth As Specialized Players Claim an Increasing Share

  

  Despite a temporary setback at the start of the pandemic, merchant acquiring is getting back on a growth track that will see revenue expand at an 11.3% annual clip through 2025, nearly equaling the 11.8% rate chalked up from 2015 to 2019, according to a report and forecast released Monday …
• 11 October

  Nuvei Merchants and Visa Direct and other Digital Transactions News briefs from 10/11/21

  

  Payments provider Nuvei Corp. said it will offer its U.S. merchant clients access to Visa Direct, Visa Inc.’s real-time push-payment network, for near real-time payouts.Ecrid Inc., a startup credit bureau that includes a bill-payment capability, announced it has filed for an initial public offering expected to raise $20 million.Payments provider Usio Inc. said the …
• 8 October

  Fiserv’s Clover Brings Cashless Payments to Major League Soccer’s Philadelphia Union

  

  Subaru Park, home of major league soccer’s Philadelphia Union, is the latest sports stadium to go entirely cashless. The team announced Thursday it was deploying more than 130 Clover point-of-sale devices from Fiserv Inc. to enable contactless purchases at concession stands and premium seating areas in the stadium. Like many professional …
• 8 October

  Bakkt Users Gain Access to Google Pay Crypto Purchases at Merchants Online And in Stores

  

  Bakkt, a digital-asset marketplace, said its users can now load their Bakkt Visa debit cards into Google Pay and use the crypto-backed cards to make online and in-store payments where Google Pay is accepted. The consumer’s digital asset, such as Bitcoin, will be converted to fiat currency for these payments. …