Point-of-sale

September, 2019

• 12 September

  An ISO’s Dry Cleaning Stake and other Digital Transactions News briefs from 9/12/19

  

  United Merchant Services Inc. said it acquired the rights to Royal Western Computer’s assets, including its point-of-sale software for dry cleaning merchants, branding, trademarks, licensee database, and sales channels. Royal Western Computer holds more than 25% of the dry cleaning POS market, UMS said. The company intends to expand by combining …
• 11 September

  Mastercard’s Cross-Border Clearing Role and other Digital Transactions News briefs from 9/11/19

  

  Mastercard Inc. said it will act as the clearing and settlement network for a cross-border payments service the company has agreed to develop with R3, a blockchain-software vendor.Some 74% of online transactions globally are for digital goods and services, with ride-share service and restaurant delivery ranking as the first and second most used …
• 10 September

  Stripe Debuts A Credit Card and other Digital Transactions News briefs from 9/10/19

  

  Processor Stripe Inc. launched the Stripe Corporate Card, a Visa credit card that can be branded with the merchant’s logo. New merchants can get a card when they sign up for a Stripe account. In addition to 2% and 1% cash-back rewards, the card also offers $50,000 in free payment processing …
• 9 September

  Five Years On, Is Apple Pay Ready To Bloom At Last?

  

  Five years ago, Apple Inc. laid claim to offering one of the first smart phone-based mobile-payment services, and now some observers say Apple Pay, with an estimated 43% of iPhone owners using the service, may be poised to score a breakthrough. Apple Pay was announced with great fanfare Sept. 9, …
• 9 September

  USAT Gets Nasdaq Extension and other Digital Transactions News briefs from 9/9/19

  

  The Nasdaq Stock Market LLC granted an extension to USA Technologies Inc. allowing the provider of vending-machine payments technology more time to file financial statements. The new deadline is Sept. 23.Everlink Payment Services Inc., a payments provider in Canada, expanded deployment of the UP Payments Risk Management platform to eScore, Everlink’s machine-learning antifraud service. …
• 9 September

  COMMENTARY: Why Software is Eating Payments (Part 2)

  

  As the payment-facilitator model matures, hundreds of thousands of fintech and software-as-a-service (SaaS) companies worldwide are realizing they can provide a better customer experience and increase revenues and valuation by becoming a payment facilitator (PF). We’re seeing companies spanning every imaginable software vertical take over their payments business.  Companies like …
• 6 September

  Fiserv Debuts Contactless POS Tech and other Digital Transactions News briefs from 9/6/19

  

  Fiserv Inc. said its First Data unit, together with Visa Inc. and Samsung Electronics, is demonstrating a new software-based point-of-sale technology that allows an everyday mobile device to accept contactless payments from contactless cards or phones or wearables equipped with near-field communication. A pilot of the technology is set for Poland …
• 5 September

  Digital River’s WordPress Plugin and other Digital Transactions News briefs from 9/5/19

  

  Digital River Inc. said it made an e-commerce plugin for WordPress users available. Among its features, the plugin enables payment processing, PCI compliance, and fraud screening.Puerto Rico-based payment processor Evertec Inc. said it will donate $100,000 for disaster relief in the Bahamas, which have been racked by Hurricane Dorian.Compulocks Brands Inc. released a …
• 4 September

  U.S. Merchants Enabled 600,000 New Locations for Chip Card Acceptance in 2019’s First Half

  

  U.S. merchants added 600,000 locations for EMV chip card acceptance in 2019’s first six months, and Visa issuers cranked out an additional 10 million EMV payment cards, according to new figures from Visa Inc. In its latest update on the U.S. conversion from magnetic-stripe payment cards to the EMV chip …
• 4 September

  Novopayment’s Instant-Payment Service and other Digital Transactions News briefs from 9/4/19

  

  Payments provider NovoPayment said it is introducing instant-payment service Visa Direct for a range of payments, including person-to-person transfers and mass payouts. The move allows issuers, acquirers, and merchants to bring the services to market faster via application programming interfaces, the company said.EVO Payments Inc. said Aldelo, a point-of-sale software developer, selected …