Point-of-sale

November, 2023

• 22 November

  Payment Apps Are Making Steady Strides With Consumers, an ETA/TSG Study Shows

  

  Roughly a decade after Apple Pay and other digital wallets burst into the U.S. payments market, the apps seem to be well on their way toward mass adoption, according to consumer-survey results released early Wednesday by the Electronic Transactions Association and the consulting and research firm TSG. In line with …
• 21 November

  AppBrilliance Lands Truist Outlay And Other Digital Transactions News briefs from 11/21/23

  

  Real-time account-to-account payments provider AppBrilliance announced it closed an investment from Truist Ventures, the venture-capital arm of Truist Financial. Terms were not announced. AppBrilliance works with The Clearing House’s Real Time Payments network as well as FedNow, the real-time network from the Federal Reserve. Pay Plantation LLC, whose payment gateway allows merchants to accept e-checks …
• 20 November

  Expect a 13% Growth in Black Friday-Cyber Monday Spending, Deloitte Forecasts

  

  With Black Friday and Cyber Monday days away, one prediction calls for consumers to spend an average of $567 in the Thursday through Monday period. Released by consulting and advisory firm Deloitte, the forecast says that average spend will be 13% higher than in the same period in 2022. Perhaps …
• 17 November

  Stripe Partners With Fraud Fighter Vesta And Brings Tap-to-Pay on iPhone to Alaska Airlines

  

  Vesta, a fraud-prevention provider for e-commerce merchants, said it will integrate Stripe Inc.’s Radar risk scores and Stripe Connect, which enables businesses to facilitate purchases and payments between third-party buyers and sellers, into its Payment Guarantee platform. The Stripe Radar integration will help Vesta’s client merchants increase transactional approval rates …
• 17 November

  COMMENTARY: COTS Is a Myth–a Positive, Hopeful One, But a Myth Just the Same

  

  The use of customer off the shelf (COTS) technology suggests that a merchant can leverage personally procured Android or Apple devices to execute point-of-sale operations. Even in today’s rapidly evolving payment technology, it’s a bold assumption. Such an implementation poses significant security challenges beyond contravening numerous acquiring and payment card …
• 16 November

  Eye On BNPL: Consumers Look To BNPL To Avoid Card Debt; Sezzle’s Deal With Sportsman’s Warehouse

  

  Consumers’ concerns about incurring credit card debt this holiday season is pushing many shoppers to consider buy now, pay later loans as a budget-management option, according to a report from the payments firm Klarna AB. Some 53% of respondents expressed concern about incurring credit card debt during the holiday season. …
• 16 November

  PayPal’s Executive Hires Are Likely to Propel Its New CEO’s Ambitious Agenda

  

  Sweeping new executive hires at PayPal Holdings Inc., announced Wednesday, will help cement the 25-year-old payments company’s ambitious new direction under recently appointed chief executive Alex Chriss, observers say. “This is PayPal flexing who they are now. They want to be recognized by the world as an equal to Visa …
• 16 November

  i3 Verticals’ Revenue Bump And Other Digital Transactions News briefs from 11/16/23

  

  Payments provider i3 Verticals Inc. posted fourth-quarter 2023 revenue of $96.4 million, a 13% increase from $85.3 million for the same quarter a year ago ended Sept. 30. Quarterly income of $3.4 million reversed a $4.4 million loss last year. For the full year, i3 Verticals had a loss of $2.7 million, …
• 15 November

  2024 Juniper Trends Range from Account-to-Account Payments to Value-Added Services Atop FedNow

  

  As 2023 winds down, Juniper Research is out with its top 10 trends for payments and fintechs in 2024. Chief among them is a challenge to cards in e-commerce and funding for wallets through account-to-account payments. Closely related is the prospect for FedNow, the nascent real-time payment service from the …
• 15 November

  Eye On Stadiums: Shift4 Adds the Miami Dolphins; Oakview Group Partners With Oracle

  

  Shift4 Payments Inc. extended its reach in stadium payments Wednesday by partnering with the National Football League’s Miami Dolphins and Hard Rock Stadium to process payments for ticket sales for Dolphins games and other events at the stadium. The deal builds on Shift4’s integration with Ticketmaster Entertainment LLC, which was …