Point-of-sale

January, 2022

• 4 January

  How Payix Is Expected To Raise Repay’s Game in the Hot Buy Now, Pay Later Arena

  

  The acquisition of independent sales organization Payix is expected to bolster payments provider Repay Holdings Corp.’s ability to acquire new merchants, including in the fast-growing and wildly popular buy now, pay later space. Repay on Monday announced its $115-million deal for Payix, which is a registered independent sales organization of Wells …
• 4 January

  Consumers Stick With Banks for Years, While Some Bear Hefty Account Fees, Bankrate Says

  

  The basis of digital payments is typically an account at a financial institution, which can hand these institutions quite a bit of influence over payment activity. It turns out, though, that consumers like to stick with their bank once they’ve opened an account. Even among persons aged 18 to 34, …
• 4 January

  67% Willing To Pay with Crypto and other Digital Transactions News briefs from 1/4/22

  

  A Cantaloupe Inc. study found that 67% of consumers who own cryptocurrency are willing to use it for purchases if it were linked to a mobile wallet. The study had responses from more than 2,000 U.S. adults.Card maker SmartMetric Inc. said it created a credit card with a built-in fingerprint sensor. The card contains …
• 3 January

  Repay Acquires Payix and other Digital Transactions News briefs from 1/3/22

  

  Payments provider Repay Holdings Corp. announced it has acquired payments-technology provider Payix for $95 million at closing plus up to $20 million in earnouts contingent on Payix’s 2022 performance.Mobile-parking app provider ParkMobile LLC said an agreement with the city of Clarksville, Tenn., covers 234 on- and off-street spaces in the city’s downtown. ParkMobile claims …

December, 2021

• 30 December

  LINGA rOS and Evertec Pursue Hospitality Market and other Digital Transactions News briefs from 12/30/21

  

  LINGA rOS, a provider of restaurant point-of-sale technology, said it will work with Evertec Inc., a payments processor concentrated in the Caribbean and Latin America, to serve the hospitality market in those regions.Unattended payments provider Cantaloupe Inc. announced Enhance, an artificial intelligence and machine learning technology-based service from Hivery, a data-science company, …
• 29 December

  PayByPhone App Sees $550 Million in Annual Payments and other Digital Transactions News briefs from 12/29/21

  

  PayByPhone Technologies said it launched its parking-payments app in 25 additional locations in 2021, including 21 cities and four universities. Globally, the app is available in more than 1,000 cities and processes more than $550 million in payments annually.Aderant, a business management software provider, announced a partnership with LawPay that will …
• 28 December

  Investor Takes Stake in Poynt Parent and other Digital Transactions News briefs from 12/28/21

  

  Shares in Web-services company GoDaddy Inc. rose more than 8% on Monday on the news that Starboard Value had bought a 6.5% stake in the company, which last year acquired payments-technology firm Poynt Inc. to launch its GoDaddy Payments unit. Green Dot Corp. and ACI Worldwide Inc. are two other payments companies in Starboard’s portfolio.LawPay, a …
• 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 …