Point-of-sale

July, 2024

• 31 July

  Mastercard’s Chief Executive Laments a Broken Interchange Deal

  

  Mastercard Inc.’s chief executive early Wednesday deplored the recent collapse of a key interchange settlement and highlighted the card company’s rapid progress in tokenization, a key technology that masks actual card data from potential cyberthieves. Pointing to a U.S. District Court judge’s rejection last month of an agreement between merchants and …
• 31 July

  Why Setting Expectations Is a Critical Part of ISV and VAR Partnerships

  

  There’s more than pricing and revenue agreements that’s necessary to the working relationships between independent software vendors and the value-added resellers. Understanding this is important as the ISV segment gains ground as a payments channel, experts say. It starts with communication, says Gary Liu, chief financial officer of Bold Integrated …
• 31 July

  Aurora’s New POS Terminals and other Digital Transactions News briefs from 7/31/24

  

  Aurora Payments, a payments-technology developer, said it has worked with payments-hardware firm Sunmi and software developer Proxet to introduce a new line of point-of-sale terminals they say is designed for small businesses. The Western Union Co. reported processing 73.3 consumer-money transactions in the second quarter, up 3.8% year-over-year, while revenue in the segment …
• 30 July

  PayPal’s New CEO Looks to New Checkout Flows As the Company Plays a ‘Long Game’

  

  When Alex Chriss took over in September as PayPal’s chief executive, he promised to shake up what he saw as a complacent payments engine. Now, the company is starting to see some tangible results from Chriss’s moves, though the new boss isn’t entirely satisfied. “We know there is much more …
• 30 July

  The Nuances of Surcharging And Cash Discounting Draw Many Questions From VARs and ISVs

  

  Value-added resellers and independent software vendors enticed by the attractiveness of surcharging and cash-discount programs find there’s no one-size-fits-all approach for enrolling merchants. Questions about the programs abound at RetailNow 2024, the annual conference sponsored by the Retail Solutions Providers Association and in progress this week in Las Vegas. The …
• 29 July

  Shift4 Makes a Card-Present Play in Europe With Its Fabrick Partnership

  

  The major U.S. payments processor Shift4 Payments Inc. said early Monday it will work with Fabrick S.p.a. to offer the Milan-based company’s embedded-finance and payments-orchestration services to merchants in Europe. Terms of the deal were not immediately available. For Fabrick, the deal means the 6-year-old company can rely on Shift4’s …
• 29 July

  Real Time for Wallets and other Digital Transactions News briefs from 7/29/24

  

  AppBrilliance said it is extending real-time payments to funding of closed-loop digital wallets via a recent rule change by The Clearing House Payments Co. The move will allow providers such as Starbucks, Dunkin’, and Chick-fil-A to use real-time rails for their proprietary wallets, the company says. ZeroTier, which provides connectivity between …
• 26 July

  How Acquirers Prepare for AI’s Utility in Retention and More

  

  Artificial intelligence tools may still be in development, but their utility for acquirers is quickly becoming apparent. “A lot of people think it’s a ‘nice to have,’ but it’s no longer a ‘nice to have,’” Sebastian Builes, cofounder and chief executive at Arcum, a merchant-retention firm that uses AI, told …
• 25 July

  Kasheesh Brings a New Twist to Split Payments

  

  Financial technology provider Kasheesh Inc. on Thursday launched a virtual card that allows consumers to split payments for online purchases across up to five existing credit, debit, and prepaid cards. The card is intended to provide an alternative to buy now, pay later loans.  The Mastercard-branded card can be loaded …
• 25 July

  Card Issuer Marqeta Will Support Visa’s Flexible Credential

  

  Marqeta Inc. early Thursday said it has become the first card-issuing platform to adopt technology announced earlier this year by Visa Inc. that lets cardholders toggle among a variety of payment methods for a single card rather than be restricted to the payment type indicated by the card itself. Oakland, …