Digital Transactions Authoritative, insightful and timely information for payments professionals
The Cato Institute’s Nicholas Anthony warned recently that the Biden Administration is waging “a war on (payments-industry) prices.” The payments industry provides services funded by a range of fees paid by consumers and businesses. Demagogic regulators and politicians pillory industry fees as exploitative, as “junk fees,” and “a tax.” These …
April, 2024
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18 April
PAX’s Network Tech and other Digital Transactions News briefs from 4/18/24
Point-of-sale technology provider PAX Technology Inc. introduced Airlink, networking technology that provides payment connectivity in outdoor settings and other venues where wireless Internet or other network service may be unavailable or insufficient. Mastercard Inc. introduced what it calls a mobile virtual card app, which is aimed at financial institutions and supports the loading …
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17 April
Visa Launches Enhancements for its Acceptance Platform
Visa Inc. on Wednesday unveiled enhancements intended to further remove friction from the customers’ payment experience for merchants of all sizes. The enhancements, which are being launched on Visa’s Acceptance Platform, were developed in response to merchants’ needs for simpler implementation of payments technology, Visa says. The enhancements include Developer …
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17 April
Klarna Gets Set to Launch a New U.S. Credit Card ‘Over the Next Few Months’
The buy now, pay later specialist Klarna AB signaled its intention Wednesday to issue a new credit card in the U.S. market. The company said it has opened a waitlist for the product, which it calls a “new and improved Klarna Card.” The new Visa card, which does not offer …
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17 April
Fiserv’s Clover Kiosk and other Digital Transactions News briefs from 4/17/24
Fiserv Inc. introduced Clover Kiosk for the hotly competitive restaurant payments market, along with what it calls an enhanced Clover Kitchen Display System. Ferry, a tip-payout specialist, has launched a payroll card and tipping platform nationally for casual-dining chain BJ’s Restaurants, which operates more than 200 locations in 30 states. U.S.-based …
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16 April
As Data Drives Sales, Shift4 Adds A Business Intelligence Module to Its SkyTab POS System
Shift4 Payments Inc. says it has added a new business-intelligence module to its SkyTab POS platform for restaurants. The new module, aimed at dining establishments of any size, provides more granular data-filtering options for restaurants’ point-of-sale system, such as detailed transaction-management and revenue-center reporting. Chains can use the module to …
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16 April
Aurora Releases the Arise Platform; FastSpring Adds Apple Pay and Pix
Evolving merchant expectations are a primary factor in Aurora Payments’ newly released Arise Payment Platform, which is intended to match sellers’ needs, says Brian Goudie, Aurora chief executive. Announced Tuesday, the Arise platform includes same-day onboarding capability, surcharging, cash discounting, and dual- pricing options, Aurora says. It also offers acceptance …
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15 April
Restaurant Price Strategies Come Under Fire As Advocates Push to Pass a Credit Card Bill
As restaurants turn to surcharging and dynamic pricing to offset rising operating costs, consumer backlash is raising concerns the practice could negatively affect customer loyalty and ultimately, restaurant profits. The backlash comes hard on the heels of the Electronic Payments Coalition’s attacks on restaurant surcharges and other price increases. The …
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15 April
Eye on Bitcoin: Get Set for the Latest ‘Halving;” Bitcoin Depot Welcomes Investors for its Kiosk Deployments
Bitcoin was designed to be a medium of exchange, like dollars, but it has become over time more like an investment, such as gold. Now, Bitcoin investors and consumers alike face an event that will significantly affect the value of their holdings, drive up Bitcoin’s price, and affect the digital …
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15 April
Mastercard’s Real-Time Canada Move and other Digital Transactions News briefs from 4/15/24
Mastercard Inc. said it is working with payments-technology platform VoPay to offer what the partners say will be near-real-time money-movement service in Canada. The service relies on Mastercard Move, a set of funds-transfer options. The Merchants Payment Coalition, which advocates for passage of the Credit Card Competition Act, cited the recent profits …
