Point-of-sale

January, 2025

• 20 January

  Chase on Track to Retain Acquiring Crown With Annual Volume Well North of $2 Trillion

  

  New data from JPMorgan Chase & Co. signals the leading U.S. banking company is on track to retain its title as the nation’s largest merchant acquirer, with volume well in excess of $2.5 trillion flowing through its pipes. A note from a J.P. Morgan Payments spokesperson to Digital Transactions News …
• 20 January

  Sunmi’s New Android Devices and other Digital Transactions News briefs from 1/20/25

  

  Point-of-sale terminal maker Sunmi launched several POS devices, including the Flex series, which uses the Android operating system. Bigg Digital Assets Inc., owner of Netcoins, Blockchain Intelligence Group, and TerraZero, said Netcoins Canada is launching eight crypto coins that begin trading Jan. 21.
• 17 January

  U.S. Bancorp’s Acquiring Results Disappoint, but ‘Tech-Led’ Segment Shines

  

  U.S. Bancorp, owner of the big merchant processor Elavon, on Thursday reported merchant-acquiring volume of $142.6 billion in 2024’s fourth quarter, up 5% from $135.7 billion a year earlier. The company processed 2.11 billion merchant transactions in the quarter ending Dec. 31, a 5.5% increase from 2 billion a year …
• 16 January

  The Naughty List Grows: 13% Committed First-Party Fraud During the Holiday Shopping Season

  

  Some consumers better hope Santa Claus doesn’t read the latest fraud report from Socure, a fraud-prevention and authentication provider. It found 13% of U.S. consumers committed first-party fraud during the 2024 holiday-shopping season. Often called friendly fraud, first-party fraud occurs when a consumer exploits return and refund policies for financial …
• 16 January

  Apple Card Talks Continue and other Digital Transactions News briefs from 1/16/25

  

  Reuters is reporting that Apple Inc. is talking to Barclays to become the iPhone maker’s new partner for credit cards, replacing Goldman Sachs. Other financial institutions are said to be candidates as well, including Synchrony. Apple and Goldman launched the Apple card in 2019, but since then Goldman has indicated it will move …
• 15 January

  Transcore’s West Virginia Toll Deal and other Digital Transactions News briefs from 1/15/25

  

  Transcore announced it has activated its Infinity tolling technology on the West Virginia Turnpike. The payments platform ePayPolicy announced Quotes and Invoices, a service intended to help insurance companies guide customers from an initial quote to invoice and payment. Payments-software provider Eastnets announced it has achieved compliance with the European Union’s Digital Operational Resilience Act, …
• 14 January

  A CFPB Study Weighs in on the Buy Now, Pay Later Trend

  

  Consumers with subprime or deep subprime credit scores accounted for the majority of buy now, pay later originations from 2021 to 2022, a report by the Consumer Financial Protection Bureau finds. Within those two subsets, 45% of BNPL loans during that period were taken out by consumers with deep subprime …
• 14 January

  Lightspeed Scanner Debuts and other Digital Transactions News briefs from 1/14/25

  

  Lightspeed Commerc Inc. launched Lightspeed Scanner, a service that lets sales associates process customers’ card transactions on an iPhone. MagTek said it is working with developer Vault to support Magtek’s DynaFlex II Go technology for mobile point-of-sale applications. Identity-verification specialist AU10TIX said its technology prevented an estimated $7.5 billion in fraud last year worldwide. …
• 13 January

  Eye on Networks: FreedomPay Teams Up With Mastercard; Bluefin Partners With Visa

  

  Payments platform FreedomPay has partnered with Mastercard Inc. to provide businesses with a global payment gateway that it says streamlines sellers’ ability to connect with acquirers, enables them to accept a wider range of payment methods, and simplifies cross-border transactions. The partnership will provide access to more than 230 acquirers …
• 13 January

  J.P. Morgan Payments Opts for Proprietary POS Terminals

  

  J.P. Morgan Payments, the payments arm of banking giant JPMorgan Chase & Co., is blazing its own path with two new payment terminals, both proprietary to the payment service. Announced Monday, the J.P. Morgan Paypad and Pinpad integrate in-store biometric authentication with payment acceptance. The point-of-sale devices are part of …