Point-of-sale

May, 2022

• 27 May

  Luxury-Tour Operator Scott Dunn Picks Nuvei and other Digital Transactions News briefs from 5/27/22

  

  Payments provider Nuvei Corp. said it has agreed to process payments for luxury-tour operator Scott Dunn.Payments-technology provider Verifone Inc. opened registration for CommerceNow 2022, a virtual digital-commerce conference scheduled for June 22-23.EPayResources, a payments advisory service, named Jeff Foote incoming president effective June 1. He succeeds current president Laura Steele, who is expected to …
• 26 May

  Beyond Routine: Research Indicates Digital Payments Are Now ‘Second Nature’ for Consumers

  

  Payments players have suspected for the past two years that digital payments were becoming increasingly routine, but now research is indicating they may have become “second nature.” That’s the term Marqeta Inc., the card-issuing platform, used Thursday in announcing the results included in its latest research paper, entitled “2022 State …
• 26 May

  BNPL’s Move Into Bigger Tickets Leads Players to Seek Slicker Outreach And Tighter Vetting

  

  As the buy now, pay later trend moves upstream to higher-ticket markets, the assumption of bigger debt loads brings with it a need to communicate more closely with consumers. Point-of-sale credit, which took off in e-commerce during the pandemic, is reaching markets like health care, and on Wednesday a customer-communication …
• 26 May

  CFPB Targets Card Issuers and other Digital Transactions News briefs from 5/26/22

  

  The Consumer Financial Protection Bureau has sent a letter to the chief executives of JP Morgan Chase, Citibank, Bank of America, Capital One, Discover, and American Express asking them to explain the practice of omitting data about consumers’ monthly credit card payments when sending information to credit-reporting companies. The CFPB contends the …
• 25 May

  Eye On BNPL: Adyen Partners With Radial; WooCommerce Woos Affirm; Splitit Recruits BlueSnap

  

  In a move to streamline its payment options for enterprise clients in the United States and Canada, Belgium-based omni-commerce logistics provider Radial Inc. is rolling out Adyen for Platforms, Adyen NV’s end-to-end payment solution for peer-to-peer marketplaces, on-demand services, and crowdfunding platforms.  Adyen for Platforms is aimed at enabling platform …
• 25 May

  Five-Year-Old Paysend Looks to a Big Year After Its Expansion to 7 Million Users

  

  Digital alternatives to the long-time money-transfer services from The Western Union Co. and MoneyGram International Inc. are developing fast, a fact underscored by an announcement Tuesday by Paysend Group that its user count in the U.S. market now stands at more than half a million, up by two-thirds over the …
• 25 May

  Paddle Acquires Profitwell for $200 Million and other Digital Transactions News briefs from 5/25/22

  

  Payments-technology provider Paddle announced it has acquired ProfitWell, a vendor of software for subscription metrics and retention automation. The deal is valued at more than $200 million in cash and equity.Apple Inc.’s tap-to-pay on iPhone is rolling out to its retail stores today, according to a Twitter post from Bloomberg reporter Mark Gurman. The …
• 23 May

  Eye On Restaurant POS: New Tech From Toast, Squirrel System, Revel Systems, And Tray

  

  As restaurants bounce back from the major blow delivered at the outset of the Covid 19 pandemic, restaurant point-of-sale technology has become a competitive advantage. The trend is evidenced by new applications from several restaurant POS technology providers, announced over the weekend, along with deals they are cutting with third-party …
• 23 May

  EVO Payments Acquires North49 and other Digital Transactions News briefs from 5/23/22

  

  Payments provider EVO Payments Inc. announced it has acquired North49 Business Solutions Inc., to enable integrated payment services for businesses using the Sage accounting system. Terms were not announced.Restaurant specialist SpotOn released a report on the impact of inflation on restaurants that found the biggest average price increase was in seafood restaurants, up 19% …
• 20 May

  Open Banking in the U.S. Is Moving Ahead, But Not Without Some Debate About Standards

  

  With open banking fast becoming the backbone of today’s payments landscape, the need for an industry standard to ensure protection of consumer data is moving front and center. In the United States, where no such standard currently exists, the payments industry is at odds over whether the country should adopt …