Point-of-sale

August, 2020

• 27 August

  A Covid-Inspired Push for Embedded Payments Helps Spur Four-Fold Growth for Finix

  

  With more independent software providers and financial-technology companies embedding payment capabilities in their applications, Finix Payments Inc., a provider of payment applications, has seen its transaction volume jump more than fourfold from the second quarter of 2019 through the second quarter of 2020. Key drivers of the growth include a …
• 27 August

  Klarna Sees Both Online And In-Store Volumes Grow as the U.S. Market Looms Large

  

  Online volume has soared for Klarna AB but the Swedish payments company’s efforts to go into physical stores are also bearing fruit, the company reported early Thursday. Klarna, which offers consumers the opportunity at checkout to extend payments over time, reported its “in-store proposition” is now active in 10 geographic …
• 27 August

  Bill.com Teams With Keybank And Other Digital Transactions News From 8/27/20

  

  Cloud-based business software provider Bill.com has teamed with KeyBank to launch Key CashFlow, an online-banking facility that streamlines payments for small businesses.Point-of-sale installment lender Affirm Inc. said it is working with David’s Bridal to allow brides to pay for their wedding gowns with payments over three or six months at …
• 26 August

  Visa Leverages Artificial Intelligence for Smarter Stand-in Processing

  

  Refused transactions are frustrating enough for cardholders and merchants, but during a pandemic they could be especially nerve-wracking. Visa Inc. on Wednesday announced a new service for stand-in processing that the payments network says should yield faster and more accurate results when issuers’ systems are down. The new Smarter STIP …
• 26 August

  EVO Teams With OTI And Other Digital Transactions News Briefs From 8/26/20

  

  EVO Payments Inc. said it will offer payment equipment and services from On Track Innovations Ltd. to independent software vendors and unattended payments merchants.Bluefin Payment Systems LLC announced that Invoice Cloud, an electronic bill presentment and payment provider, will use Bluefin’s point-to-point encryption service.Data security services provider ControlScan Inc. said …
• 25 August

  One-Third of Fuel Retailers Are Unlikely To Meet the April 2021 EMV Deadline, a Survey Reveals

  

  With less than a year to go before gas stations are scheduled to become EMV-compliant at the pump, readiness among fuel merchants remains uneven. A recent study by Naples, Fla.-based ACI Worldwide reveals 47% of major petroleum merchants remain unprepared to meet the deadline and 20% are still in the …
• 25 August

  Discover’s Car Commerce and Other Digital Transactions News Briefs from 8/25/20

  

  Discover Network said it has allied with fintech Car IQ to develop a payment platform to enable automotive fleets to conduct in-car transactions through the Discover global network.In announcing its latest smart watch, Fitbit Sense, Fitbit says its Fitbit Pay digital wallet is included for contactless transactions, a feature the company says plays …
• 24 August

  MagicCube Looks to Expansion as Contactless Grows And Fresh Investment Pours in

  

  With the Covid-19 pandemic accelerating consumer use and merchant acceptance of contactless cards, technology companies are scrambling to exploit new opportunities stemming from the trend. One technology that could get a boost is software that can turn any off-the-shelf smart phone into a payment-acceptance device, a development the major card …
• 24 August

  Ticketing’s Rebound And Other Digital Transactions News Briefs From 8/24/20

  

  Transaction volumes globally for digital tickets for air and rail travel and for events will reach 12.7 billion this year and will pass pre-Covid levels by 2022 at 32 billion, according to a report from Juniper Research. Transportation ticketing, however, is recovering more slowly, with transaction values not expected to reach pre-Covid …
• 20 August

  Digital Payments Strengths Help Adyen Weather the Pandemic

  

  Executives at Adyen N.V. maintained an upbeat tone Thursday in the face of a global coronavirus pandemic that has shut down many businesses, thrown consumers out of work, and upended shopping habits. “Our business has proved itself resilient despite the impact of the pandemic,” said Pieter van der Does, chief …