Point-of-sale

December, 2021

• 23 December

  How the ACH May Have Been the Winner of the Pandemic Payments Sweepstakes

  

  The share of payments claimed by the automated clearing house rose faster in 2020 than the share for cards, while checks dropped markedly. All the while, the share of payments claimed by cards, which had been steadily on the rise for years, flattened out. And while contactless transactions did rise …
• 23 December

  Colony Bankcorp Launches Merchant-Acquiring Division and other Digital Transactions News briefs from 12/23/21

  

  Colony Bankcorp Inc. announced it has launched a merchant-acquiring division led by Steve Raines as director for merchant services. Raines most recently was director at Synovus Merchant Services.Laurentian Bank of Canada said it will work with the card-issuing platform Brim Financial to issue Visa products in 2022, with features including instant virtual …
• 22 December

  Fingerprint Signs a Deal to Bring Its Iris-Recognition Tech to Devices From Indian Firm Mantra

  

  Fingerprint Cards AB early Wednesday said it has agreed to provide iris-recognition technology to Mantra Softech India Pvt Ltd., said to be the largest provider in India of biometric devices and sensors. Terms of the multi-year contract were not disclosed. Under the terms of the deal, Mantra will deploy the …
• 22 December

  Mastercard Acquires Dynamic Yield and other Digital Transactions News briefs from 12/22/21

  

  Mastercard Inc. said it is acquiring Dynamic Yield, a data personalization platform, from McDonald’s Corp. Terms of the deal were not disclosed.The University of Kansas has agreed to support the Passport app to pay for parking at 3,600 spaces across the campus. More than 800 cities, universities, and private operators now deploy Passport, …
• 20 December

  In a First, Equifax Adds BNPL Payment Data To Credit Reports

  

  To help buy now, pay later lenders better manage the risk associated with each applicant, Equifax Inc. on Monday announced it will begin in 2022 including BNPL payment data in consumer credit reports. To report the data, Equifax has created a new code to designate BNPL tradelines in consumer credit …
• 20 December

  Cerence Moves a Step Closer to AI-Based In-Car Ordering and Payments

  

  Get ready for even more sophisticated in-car virtual assistance. Cerence Inc., which develops in-car virtual technology, has launched Co-Pilot, its advanced assistant that uses artificial intelligence and vehicle integration to help with such tasks as ordering and paying for a coffee while a mile away. Cerence says its technology—it has …
• 17 December

  With BNPL’s Fast Rise, the CFPB Issues a Demand Letter Seeking Data From Five Firms

  

  The explosion in buy now, pay later point-of-sale lending was bound to catch the eye of regulators sooner or later, and on Thursday the other shoe dropped with a letter sent to five leading BNPL firms from the Consumer Financial Protection Bureau requesting information on their services. The five—Affirm Inc., …
• 17 December

  Waitr Plans Cova Acquisition and other Digital Transactions News briefs from 12/17/21

  

  Food-ordering and delivery provider Waitr Holdings Inc. said it has entered into a non-binding letter of intent to acquire Retail Innovation Labs Inc., known as Cova, a provider of point-of-sale software for cannabis dispensaries. The deal calls for a price of $90 million in cash and stock.Agilysys Inc., a provider of payments …
• 16 December

  UBS Arena Is the Latest Professional Sports Stadium to Go Cashless

  

  The move toward cashless sports stadiums continues to accelerate. UBS Arena, home of the National Hockey League’s New York Islanders, has contracted with Fiserv Inc. to install Clover point-of-sale hardware and Bypass point-of-sale software to enable digital and contactless payment options throughout the venue.  UBS Arena will deploy more than …
• 16 December

  U.S. Senators Press CFPB on BNPL Oversight and other Digital Transactions News briefs from 12/16/21

  

  Six U.S. Senators sent a letter to Rohit Chopra, director of the Consumer Financial Protection Bureau, asking the agency to initiate a review of buy now, pay later products with a view toward introducing consumer protections. All six Senators are Democratic members of the Committee on Banking, Housing, and Urban Affairs.Online gaming operator PointsBet has …