Point-of-sale

January, 2024

• 24 January

   Affinipay Adopts AI And Other Digital Transactions News briefs from 1/24/24

  

  Affinipay, an e-commerce payments provider specializing in professional markets, launched a generative AI capability in its platform for law offices, including its LawPay service. Generative AI refers to predictive technology based on artificial intelligence. The cryptocurrency exchange KuCoin announced users of its KuCard debit card can spend their digital currency from their …
• 23 January

  How an Ingenico Integration With Cybersource Promises a Global Point of Sale

  

  Ingenico, one of the world’s largest makers of point-of-sale transaction devices, said early Tuesday it has worked with Visa Inc. to integrate its Axium terminal software with a payment platform operated by Cybersource, Visa’s commerce and fraud-management unit. The move promises to offer, from a single platform, a service that …
• 23 January

  Debit a Favored Subscription Choice And Other Digital Transactions News briefs from 1/23/24

  

  Subscription management specialist Recurly Inc. released its 2024 State of Subscriptions report that found 45.5% of consumers chose debit as the subscription payment method, followed by credit cards, 33%, PayPal, 19.3%, and other alternative payment methods, 2.2%. Wise, a platform for international money transfers, said junk fees associated with credit cards and …
• 22 January

  Consumers Are Spending More On Gift Cards As P2P Apps Open As a Channel

  

  Prepaid card spending is on the rise, according to Fiserv Inc.’s annual Prepaid Consumer Insights Study. Some 69% of consumers surveyed say they purchased the same number of gift cards, or more, in 2023 compared to 2022. In addition, 40% of  buyers are putting at least $50 on gift cards, …
• 22 January

  COMMENTARY: Streamlining Payments with Straight-Through Processing

  

  In today’s fast-paced business landscape, efficiency and quality are essential for staying ahead of the competition. Straight-through processing (STP) is a solution that enables businesses to expedite financial transaction processing while reducing errors and eliminating repetitive tasks. In both accounts payable and accounts receivable, STP can transform the way payments …
• 19 January

  Digital Wallets Are Falling Short. Can Providers Fix That?

  

  While digital wallets have established a beachhead in the payment ecosystem, consumers still aren’t embracing the apps with gusto. The primary reasons are concerns over security and the lack of value-added features, such as rewards and loyalty programs and spend-management capabilities, says Justin Passalaqua, managing director of North America for …
• 19 January

  Synchrony To Acquire Ally’s POS Financing Unit And Other Digital Transactions News briefs from 1/19/24

  

  Synchrony Financial said it will acquire the point-of-sale financing business of Ally Financial Inc. The portfolio includes $2.2 billion in loan receivables and includes relationships with nearly 2,500 merchant locations and more than 450,000 active borrowers in home improvement services and health care. Terms were not disclosed. Alchemy Pay, whose gateway …
• 18 January

  Eye On Acquiring: Lightspeed Tees off, While Nuvei Gains Altitude

  

  Lightspeed Commerce Inc. has partnered with golf-course management company GreatLIFE Golf & Fitness to provide point-of-sale technology for GreatLIFE’s GolfBack direct-booking engine. Lightspeed will begin deploying its POS technology at 14 golf courses operated by GreatLIFE in the Kansas City, Mo.-area, with plans to expand the technology to additional GreatLIFE-operated …
• 18 January

  Eye on Point-of-Sale: Sound Payments POS Updates Are Issued; a New PCI Council Director

  

  Sound Payments issued a slate of updates for its point-of-sale system, including a way for retailers to categorize returns. Jacksonville, Fla.-based Sound Payments says the new return-categories feature enables merchants to catalog returns by size, reason for return, defective, and other custom variables. It also has a reporting component for …
• 18 January

  UnionPay Touts Global Acceptance And Other Digital Transactions News briefs from 1/18/24

  

  UnionPay, an international payment card network based in China, said it is now accepted in 183 countries and regions, with issuance outside the Chinese mainland exceeding 230 million cards in 81 countries. Issuance outside Mainland China commenced in January 2004. Consumer-finance and card issuer Synchrony said it is testing a browser extension …