Point-of-sale

September, 2021

• 3 September

  AmEx Deepens Its Ties in China Via an Acquiring Agreement With Leshua Technology

  

  U.S. payments networks continue to cultivate their connections to what is for them a potentially massive market in China. In the latest development, Leshua Technology announced early Friday it will support acquiring for American Express Co.’s joint venture in China.  AmEx last year became the first foreign payments company to win …
• 3 September

  Biometric ID Checks Swell as Digital Payments Grow and other Digital Transactions News briefs from 9/3/21

  

  Accelerated adoption of digital payments during the pandemic helped drive up biometric identity checks by a factor of 20 for ComplyCube in the first half of the year compared to the same period in 2020, said the company, which specializes in anti-money-laundering and know-your-customer compliance.Park Place Payments said it signed with acquirer Payroc …
• 2 September

  The United Kingdom’s Zilch Becomes the Latest Entrant in the Hotly Contested U.S. BNPL Market

  

  Zilch Technology Ltd. is preparing to become the latest entrant in the U.S. buy now, pay later market. The move hinges on the London-based company’s acquisition of San Francisco-based debt-funding platform Neptune Financial & Management Services LLC (NepFin), a deal Zilch announced on Thursday. The terms were not disclosed. The …
• 2 September

  Walgreens Moves into Banking With Its Scarlet Bank Account And Debit Card Debut

  

  Giant pharmacy chain Walgreen Co. is getting into the banking and debit card business with the launch of Scarlet. Announced Thursday, Scarlet is a Mastercard-branded debit card issued by MetaBank. InComm Payments provides the system for the account. Scarlet works like most bank accounts and is designed to help accountholders …
• 2 September

  Subscription Fees Are up 15% and other Digital Transactions News briefs from 9/2/21

  

  U.S. consumers are spending $273 per month on subscription services on average, up 15% from the average in 2018, yet they estimate they are spending less, according to a poll from consulting firm West Monroe.Payments provider Nuvei Corp. completed its $250-million cash acquisition of SimplexCC Ltd., a cryptocurrency gateway that links exchanges, brokers, wallets, …
• 1 September

  Adoption of The Financial Data Exchange’s API Surges To New Heights

  

  The Financial Data Exchange (FDX), a non-profit standards body for providers of open-banking and open-finance applications, announced on Wednesday that the number of consumer accounts using its application programming interface has swelled to 22 million, up from 16 million in April, an increase of more than one million accounts per …
• 1 September

  Mercari Picks Zip’s BNPL Option and other Digital Transactions News briefs from 9/1/21

  

  Mercari, an online marketplace for second-hand goods, said consumers can use buy now, pay later services from Zip Co., formerly Quadpay, on its Web site.Buy now, pay later specialist Uplift Inc. said consumers who book with Sixthman, a music-festival organizer on cruise ships, can pay for their tickets in monthly installments. Sixthman is …

August, 2021

• 31 August

  The Delta Variant’s Shadow Hangs Over a Promising Recovery by the Nation’s Restaurant Industry

  

  The emergence earlier this year of a virulent new coronavirus variant “threatens to reverse the gains made in the first six months of the year” by the U.S. restaurant industry, according to data released Tuesday by the National Restaurant Association. The news comes as eateries have adopted contactless forms of …
• 31 August

  Apple, Google Face Big App Store Change and other Digital Transactions News briefs from 8/31/21

  

  Apple Inc.’s App Store and the Google Play store will have to open their payments services to competing providers for in-app purchases in South Korea if a recently passed bill becomes law, reported The Wall Street Journal, which also said the president’s party endorsed the legislation. Apple, in particular, has been the …
• 30 August

  Convenience Chain Wawa Settles a Class Action Suit Stemming from a Malware Attack

  

  The convenience-store chain Wawa Inc. announced Monday it settled a class-action lawsuit stemming from a data breach in 2019 that was related to malware discovered on its payment-processing servers. The settlement, which is subject to court approval, resolves all customer claims related to the data breach. The malware affected customer payment card information …