Point-of-sale

July, 2024

• 25 July

  Papaya’s Workforce Software and other Digital Transactions News briefs from 7/25/24

  

  U.S.-based Papaya Global, which offers platforms for payroll and payments processing, said it will support payroll and other workforce software for Cegid, a Europe-based provider of cloud software for finance and human resources. American Express Co. announced updates to its U.S. Consumer Gold Card, including credits for spending at restaurants included in …
• 24 July

  Fiserv Racks up Growth Via Strength in Merchant Services

  

  Fiserv Inc.’s top brass early Wednesday celebrated a second quarter in which adjusted revenue jumped 7% and adjusted earnings per share grew 18%, but it was new programs and alliances—including one with Apple Inc.—that took center stage as the company presented its second-quarter results. Cash Flow Central, a banking alliance …
• 24 July

  Tap-to-Pay And Value-Added Services Help Fuel Visa As It Pursues a New Interchange Settlement

  

  Growth in contactless and peer-to-peer payments, e-commerce, and value-added services were among the highlights discussed with stock analysts late Tuesday during Visa Inc.’s third-quarter earnings call for the card company’s fiscal year 2024. Visa’s Tap-to-Pay contactless payments technology has penetrated multiple markets, accounting for 80% of all face-to-face Visa transactions …
• 24 July

  Fortis Makes Acquisition and other Digital Transactions News briefs from 7/24/24

  

  Fortis Payment Systems LLC acquired the NetSuite payments division of MerchantE Solutions Inc. Fortis said the acquisition will boost its position in embedded enterprise resource planning payments. Terms were not disclosed. Mastercard Inc. and JPMorgan Chase are two of eight companies the Federal Trade Commission issued orders to seek information about products that …
• 23 July

  Digital Payments Have Plenty of Room for U.S. Growth, a Marqeta Report Says

  

  Demand for digital-payment and embedded-finance technology is growing in the United States, especially among Gen Z and Millennials, says a report from payments platform Marqeta Inc. The demand is being driven largely by the lower adoption of contactless payments and mobile-banking apps in the U.S. compared to the United Kingdom …
• 23 July

  Sound Payments Makes Equinox Integration and other Digital Transactions News briefs from 7/23/24

  

  Point-of-sale and payments software provider Sound Payments said it completed an integration with two Equinox Payments POS terminals in Sound’s Quantum Cloud platform. Blaze Solutions Inc., a provider of technology for cannabis sellers, has released new point-of-sale technology for that market, featuring a Web-based POS system and upgraded user interface. A startup …
• 22 July

  i2C’s Corporate Card Plans and other Digital Transactions News briefs from 7/22/24

  

  U.S.-based digital banking and payments platform i2c Inc. said it will work with Beyon Money Business, a banking-technology provider, to launch a corporate expense card program for small and mid-size companies, first in Bahrain and later more widely. Ackroo Inc., a point-of-sale technology provider and gift card platform, announced revenue for the …
• 19 July

  AmEx Outlines an Aggressive Plan for Expansion in Marketing

  

  At more than $16 billion, revenue for American Express Co. hit an all-time high in the company’s June quarter, and now the travel-and-entertainment card giant is looking to ramp up marketing—radically. The company’s top brass said early Friday AmEx will pour $6 billion this year into selling consumers and businesses …
• 18 July

  Discover Posts a Strong Quarter As Executives Stay Mostly Mum About Performance

  

  For the second consecutive quarterly earnings call, executives at Discover Financial Services had little to say about the company’s financial performance, plans going forward, or anything else. With a proposed $35.3-billion merger with Capital One Financial Corp. hanging over them, Discover executives again took no questions, and equity analysts were …
• 18 July

  Faster Payments Leap Ahead As Nacha Sees a 47% Jump in Same-Day ACH Volumes

  

  Since the 2016 launch of same-day automated clearing house payments, the payment type has done nothing but grow. The 2024 second quarter is no exception, with the latest figures showing 292.3 million transactions, a 46.6% increase from 199.4 million in 2023’s second quarter, according to Nacha, which administers the ACH …