Point-of-sale

February, 2021

• 19 February

  Promise Network Raises $20 Million in Funding and other Digital Transactions News briefs from 2/19/21

  

  Promise Network Inc., a startup specializing in government-related payments such as utilities, child support, and parking tickets, said it has raised more than $20 million in a Series A funding round led by Kapor Capital and XYZ Venture Capital.A survey by payroll platform Everee Inc. of 400 U.S. independent contractors found that …
• 18 February

  Having Exhausted Covid Scams, Criminals Are Returning to E-Commerce Fraud And Malware Attacks

  

  Now that criminals have milked the bulk of their opportunities related to pandemic relief efforts, they are turning their attention back to their old standby, payments-related fraud. Not surprisingly, their target of choice is e-commerce, which has rocketed due to restrictions on the number of consumers allowed in physical stores and …
• 18 February

  Discover Taps Into the Fast-Growing POS Lending Trend Through BNPL Specialist Sezzle

  

  The economic uncertainty brought on last year by the coronavirus pandemic has given a lift to the point-of-sale installment lending trend, with payments giants like PayPal Holdings Inc. jumping into a market that has been pioneered by fast-growing buy now, pay later startups like Affirm Inc., Afterpay Ltd., Klarna AB, …
• 18 February

  Wirex Preps for U.S. Debut and other Digital Transactions News briefs from 2/18/21

  

  To support a cryptocurrency-payments launch set for April in the United States, London-based digital-payments platform Wirex has linked to crypto-trading firm Zero Hash. Harold Montgomery, former chief executive of independent sales organization Calpian Inc., is managing director for Wirex USA Inc.Parking-app provider ParkMobile LLC said its latest municipal agreement allows its app to be …
• 17 February

  Google’s Link to Passport Is Part of a Broader Plan to Extend Google Pay to Parking And Transit

  

  Passport Labs Inc., a provider of transportation software, announced Wednesday it is expanding its integration with Alphabet Inc.’s Google to enable payment for parking within Google Maps in more than 400 cities, including Boston, Cincinnati, Portland, Me., Norfolk, Va., Cheyenne, Wy., Westminster, Colo., and Green Bay, Wis. The integration of …
• 17 February

  In a ‘Future That Arrived Early,’ Shopify Invests to Capitalize on Trends Accelerated by Covid

  

  While many payments companies have had their hands full contending with the many impacts of the Covid-19 pandemic, payments firms with e-commerce platforms have thrived as consumers flocked to online buying. Shopify Inc. demonstrated Wednesday just how much it’s investing in shopping and payments apps to capitalize on the growth …
• 17 February

  Klarna’s Crypto Foray and other Digital Transactions News briefs from 2/17/21

  

  Payments provider Klarna AB has entered the cryptocurrency market with an agreement with Swedish crypto broker Safello, which is launching Klarna Open Banking to allow 180,000 Safello users to buy digital currencies directly from their bank accounts.Mastercard Inc. and payments provider Island Pay have collaborated with the central bank of the Bahamas to …
• 16 February

  Debit Card Use on Amazon Soars 70%, PSCU Report Finds

  

  With little indication e-commerce spending is slowing, consumers are favoring using their debit cards on Amazon.com Inc., with a 70% increase in debit card transactions at the giant e-commerce retailer for the week ending Feb. 7, compared to the week ending Feb. 9, 2020. That’s according to the latest Tracking …
• 16 February

  PayPal Opens Its New Venmo Credit Card to Users Generally

  

  PayPal Holdings Inc. on Tuesday threw the door wide open for applications for its new Venmo credit card. The Visa-branded card, which the company has had in the works since 2019 and began issuing to select users in October, includes a Quick Response code, a rewards structure, and, through the Venmo …
• 16 February

  AeroPay Enters Online Cannabis Payments with Olla and other Digital Transactions News briefs from 2/16/21

  

  AeroPay, a fintech that provides payment processing service to cannabis businesses, said it and Olla, an e-commerce platform for cannabis retailers, will offer online payments. AeroPay will be integrated as a cashless payment method to consumers ordering online through white-labeled e-commerce sites provided by Olla. Payments are made via bank-to-bank …