Point-of-sale

June, 2021

• 7 June

  VizyPay Opens Its Cash-Discount App Generally to Merchants Using Clover Devices

  

  Pundits have predicted for months that cash acceptance will decline markedly as consumers rush into electronic payments. But sellers view cash as a less-expensive option for them, and some payments providers are looking to cater to that view. On Monday, VizyPay LLC said it is opening its cash-discount app to …
• 7 June

  SpotOn’s Sidekick Debuts and other Digital Transactions News briefs from 6/7/21

  

  Point-of-sale developer SpotOn introduced SpotOn Sidekick, a handheld POS-acceptance device designed specifically for food trucks, pop-up dining, cafes, and other mobile food kitchens. Pricing was not disclosed.Visa Inc. said banking giant Goldman Sachs will deploy Visa’s B2B Connect and Visa Direct Payouts platforms to speed cross-border business-to-consumer and business-to-business payments for Goldman client …
• 4 June

  COMMENTARY: Default Pricing Means No Competition. It’s Past Time to Strike It Down

  

  From a merchant perspective, one of the most harmful features of today’s card networks is default pricing. One merchant advocate succinctly described the anti-competitive impact of default pricing, stating, “with default pricing, banks have no incentive to compete for merchants’ business.”  Today, individual merchants are forced to face off against …
• 4 June

  Fintainium and Visa Direct and other Digital Transactions News briefs from 6/4/21

  

  Payments provider Fintainium said it is working with Visa Inc.’s real-time push-payment network, Visa Direct, and CIT Inc. to let merchants access cash flow and consumers receive payouts.Progressive Care Inc. said its PharmCoRx pharmacies is accepting Bitcoin in payment for Covid-19 rapid-testing services. The company began accepting cryptocurrency in 2018.ParkMobile LLC said its mobile app is …
• 3 June

  Paysafe’s iGaming Relationship With Golden Nugget Online Gaming Expands to Michigan

  

  Less than a month after Paysafe Group Holdings Ltd. announced processing online gambling transactions will become a primary focus for the company, the strategy is quickly paying dividends as the processor has expanded its relationship with Golden Nugget Online Gaming Inc. to Michigan. The deal is an outgrowth of online-gambling …
• 3 June

  LG Pay To Shut Down and other Digital Transactions News briefs from 6/3/21

  

  Not quite two years old, LG Pay, the mobile payment service from LG Electronics USA, is shutting down, according to a report on Droid-Life.com. It captured a screenshot of an alert declaring the service will be phased out and discontinued “over the remainder of 2021.” In April, LG announced it was exiting …
• 2 June

  Mitek Acquires Tech Firm and other Digital Transactions News briefs from 6/2/21

  

  Mitek Systems Inc., a provider of digital identity-verification technology, said it has acquired ID R&D Inc., a provider of voice and face biometrics technology, for up to $49 million in Mitek stock and cash.Payments processor Fleetcor Technologies Inc. closed on its acquisition of cross-border payments specialist Associated Foreign Exchange Inc. The deal, …
• 1 June

  As EasyPark Clinches Its Deal for ParkMobile, Rivalry in Parking Apps Could Get Hotter

  

  Vendors of parking apps in North America have an even more potent new competitor with the closing on Tuesday of EasyPark Group’s acquisition of the Park Now Group, which includes Atlanta-based ParkMobile LLC. The deal, which the companies announced in March, brings a major North American stake to Stockholm-based EasyPark, …
• 1 June

  Deluxe Closes on First American Payment Deal and other Digital Transactions News briefs from 6/1/21

  

  Deluxe Corp. has closed on its $960-million cash deal for payments provider First American Payments Systems, announced in April. The acquisition doubles Deluxe’s payments revenue to $600 million annually, driving its share of the company’s overall revenue from 17% to 29%.Authentication-technology provider LoginID Inc. said it has received an undisclosed investment from Visa Inc., …

May, 2021

• 28 May

  Consumers Soon Will Be Able to Fill ‘er Up With Crypto at Sheetz Stores

  

  Consumers traveling with cryptocurrencies busting out of their digital wallets will be able to spend some of that at select Sheetz convenience stores later this summer. Sheetz says it is the first c-store chain to accept crypto. In an announcement Friday, the 622-store chain says it will enable crypto acceptance …