Point-of-sale

May, 2021

• 10 May

  A Fed Report on Debit Costs Could Fuel a Movement to Reduce a Decade-Old Fee Cap

  

  Pressure may be building on the Federal Reserve to take action on a debit card interchange-fee regulation that it has left intact for 10 years despite sweeping changes in the payments business, including an onrush of e-commerce transactions over the past year. In part, observers are reacting to a report …
• 10 May

  Nuvei Volume Soars 132% and other Digital Transactions News briefs from 5/10/21

  

  Payments provider Nuvei Corp. reported first-quarter volume of $20.6 billion, up 132% year-over-year, with e-commerce accounting for 87% of that total. Revenue grew 80% to $149.9 million. Nuvei was known as Pivotal Payments until rebranding in 2018.Kount, an authentication and fraud prevention provider, announced Kount Dispute and Chargeback Management Solution, a service that integrates …
• 7 May

  Square Posts a Strong Quarter As Larger Sellers And Bitcoin Play a More Prominent Role

  

  An influx of larger merchants helped drive first-quarter payment volume for Square Inc., while on the consumer side the company’s Cash App benefited from a runup in value for Bitcoin as well as increasing adoption by business users. Sellers’ gross payment volume totaled $29.8 billion in the quarter, up 21% …
• 7 May

  Nuvei To Acquire SimplexCC for $250 Million and other Digital Transactions News briefs from 5/7/21

  

  Payments provider Nuvei Corp. announced an agreement to acquire SimplexCC Ltd., whose technology enables market participants to buy or sell cryptocurrencies. The $250-million deal is expected to close in the second half of the year and comes on the heels of Nuvei’s agreement to acquire sports-betting technology specialist Mazooma Technical Services Inc. for $56 …
• 6 May

  Shift4 Notches Record Volume As It Looks to Stadiums And Casinos for Future Growth

  

  Shift4 Payments Inc. on Thursday reported record quarterly end-to-end payment volume and gross revenue as it notched what chief executive Jared Isaacman called a “strong first quarter.” Stronger performance in the company’s core hospitality market helped drive end-to-end volume to a record $8 billion, with most growth coming from new …
• 6 May

  Flywire Adds Discover Acceptance and other Digital Transactions News briefs from 5/6/21

  

  Flywire Corp. said users of its education payment service can now use Discover and Diners Club International cards to pay tuition and fees at educational institutions served by Flywire.The chief executives of 21 banks plus Fiserv Inc. and Jack Henry & Associates signed a letter committing their organizations to real-time bill …
• 5 May

  PayPal’s Boss Says He’s Out to Make the Company a ‘Leader, Not a Reactor’ in Digital Currencies

  

  Skeptics abound when it comes to digital currencies, but PayPal Holdings Inc. is out to prove them wrong. Chief executive Dan Schulman, an early enthusiast, made it plain Wednesday he sees the crypto trend not only as the company’s big opportunity, but also as a potential liability if PayPal fumbles …
• 5 May

  Contactless Payments Transactions Are up 426% Among CardFlight Merchants

  

  More evidence emerged that consumers are still increasing their use of contactless payments, over a year since the outbreak of the Covid-19 pandemic. Contactless transaction counts among the more than 75,000 small businesses in the latest CardFlight Small Business Report grew 426.7% in the week ending May 2 compared to …
• 5 May

  Zelle Transactions up 61% and other Digital Transactions News briefs from 5/5/21

  

  The Zelle peer-to-peer payment network handled $106 billion in volume in the first quarter on 392 million transactions, up 74% and 61%, respectively, year over year. Zelle is owned and operated by Early Warning Services LLC.Jack Henry & Associates Inc., a provider of payments technology to financial institutions, said it has integrated Mastercard …
• 4 May

  Global Payments Opens Its Wallet for More Deals As Its Amazon And Google Ties Develop

  

  The big processor Global Payments Inc. announced early Tuesday it will acquire Zego Inc., a payments and technology provider for managers of residential real estate, in a deal valued at approximately $830 million. The company also announced an agreement to buy the PayOne acquiring business in Austria belonging to the …