Point-of-sale

April, 2021

• 16 April

  COMMENTARY: If You Want Consumers to Lose, Network Regulation is a Must

  

  After the current U.S. Congress was sworn in, a predictable chorus of merchants, lobbyists, and lawmakers demanded new interchange price caps and other government mandates to decrease credit card interchange fees for merchants. The tired attacks on credit cards are an easy narrative that focuses almost exclusively on the cost …
• 15 April

  Coinbase Stock Soars on Opening Day and other Digital Transactions News briefs from 4/15/21

  

  On its first day of trading as a public company, cryptocurrency exchange Coinbase Global Inc. saw its stock finish at $328.28 per share after starting the day at $381 and rising as high as $429.54 on the Nasdaq. The day’s activity left Coinbase with a valuation of $85 billion on a diluted basis, making …
• 15 April

  OLB Group Lands a Deal to Equip Three Amateur Baseball Stadiums With Contactless Payments

  

  The OLB Group Inc. on Thursday became the latest processor to support contactless payments and ticketing in sports stadiums when it announced it is partnering with EZ Sports Technologies to equip three arenas that are home to amateur baseball teams operated by National Sports Services. As part of the deal, …
• 14 April

  POS Software Provider ParTech Lands Culver’s And Its Nearly 800 Locations

  

  ParTech Inc., a point-of-sale software provider to the restaurant industry, announced Wednesday that it will provide Culver’s restaurants with its Brink POS software across the company’s more than 790 locations. As part of the deal, Culver’s worked with long-time partner Retail Data Systems of Wisconsin, a provider of POS services, …
• 14 April

  With PayPal, UATP Expands Its Installment Options As Consumer Air Travel Rebounds

  

  It’s a relatively new arrival among payment options for general merchandise, but the newest buy now, pay later concept has been available for air travel for some time, helping boost airlines after a tough year in 2020. In the latest development, Universal Air Travel Plan Inc. on Wednesday announced it …
• 14 April

  Cardlytics Acquires Bridg and other Digital Transactions News briefs from 4/14/21

  

  Cardlytics Inc., a specialist in deriving marketing data from payments flows, has agreed to acquire customer-data platform Bridg Inc. for $350 million.Pay Theory, a specialist in payments technology for school districts, is integrating its services with Abre.io, a provider of administration platforms for elementary and high schools.Airvet, a provider of …
• 13 April

  With the EMV-At-The-Pump Deadline Looming, a Retrofit Kit Promises to Ease Installation

  

  With the deadline for EMV-at-the-pump compliance up to four days away—and with a shortage of installation technicians slowing compliance—Sound Payments Petro Solutions, a provider of technology solutions for the petroleum industry, announced Monday it is partnering with fuel-dispenser parts specialist Freedom Electronics to provide preconfigured EMV retrofit kits to simplify …
• 13 April

  Toast Aims to Smooth Ordering And Payment As Restaurants Tentatively Open for Dining in

  

  Cloud-based point-of-sale system provider Toast Inc. has issued updates for its Toast Order & Pay services designed to smooth the ordering and payment aspects. Announced Tuesday, the updates include the ability to gain a pre-authorization against a credit or debit card using the diner’s own device.  Boston-based Toast also made …
• 12 April

  More Than a Year Into the Pandemic, Concerns Are Still Swirling About Bans on Cash

  

  More than a year after the Covid-19 pandemic hit, igniting fears that the virus could be spread by handling currency, a group of three financial associations and a Chicago-based cash-in-transit and money-protection service sent a letter Monday to members of Congress, governors, and state legislators around the country warning about the …
• 12 April

  Buy Now, Pay Later Reveals a ‘More Nuanced Picture,’ According to the Latest Research

  

  The buy now, pay later capability now offered by myriad providers is sweeping the country, but may include a few drawbacks that could hinder future growth, according to a report issued Monday. Research for the report, which included a survey early this year of some 1,500 U.S. consumers, revealed that …