Point-of-sale

October, 2023

• 16 October

  Goldman Faces Some Hard Decisions As It Confronts Its Position in Consumer Credit Cards

  

  The pressure at Goldman Sachs Group Inc. to exit, or at least radically modify, its consumer-credit and payments businesses appears to be mounting. At least some executives at the company are pushing senior management to exit credit card deals with Apple Inc. and General Motors Corp., The Wall Street Journal …
• 16 October

  AppTech To Acquire Alliance Partners And Other Digital Transactions News briefs from 10/16/23

  

  AppTech Payments Corp., a specialist in business-to-business and business-to-consumer payments, has agreed to acquire Alliance Partners LLC and its FinZeo money-movement software. With the deal, expected to close Oct. 31, AppTech will become a payment facilitator, a company that allows merchants to accept payments on the company’s merchant account. Terms …
• 13 October

  How NMI’s Deal for Sphere’s Commercial Division Will Ease New Merchant Accounts

  

  Payments provider NMI LLC announced Thursday it has acquired the commercial division of Sphere, a cloud-based software and payments-technology company. Sphere Commercial Division primarily serves non-integrated small and mid-size businesses. Terms of the deal were not disclosed. Schaumburg, Ill.-based NMI says the acquisition will strengthen its underwriting and risk-management capabilities …
• 13 October

  COMMENTARY: A Dose of Reality on the Broken Credit Card Market
  

  

  Eric Cohen’s Commentary, “Whey the Credit Card Competition Act Falls Short,” posted here Oct. 9, makes three key claims about how the Credit Card Competition Act would supposedly harm small businesses and consumers. All of them are wrong.First, he says the bill would allow merchants “to choose their own network” …
• 13 October

  Nacha Unit Releases Cyberattack Exercise And Other Digital Transactions News briefs from 10/13/23

  

  The Payments Innovation Alliance released what it calls a tabletop exercise designed to help small and mid-size businesses prepare defenses against a cyberattack. The PIA is part of Nacha, the network operator for the automated clearing house network. Transact Campus Inc., a payments platform specializing in college campuses, announced a technical …
• 12 October

  An Acquisitive Celero Closes on Its 10^th Deal, This Time for Finical Holdings

  

  Celero Commerce announced late Wednesday it has acquired Finical Holdings LLC for an undisclosed sum. The acquisition, which is the tenth Celero has made since its launch in late 2018, will increase the company’s annual card processing volume to $25 billion and enlarge its presence in the Southwestern U.S. market, …
• 12 October

  Eye on Acquiring: Worldline’s E-Commerce Partner Payouts; Payroc Is Ingenico Axium Launch Partner

  

  Processor Worldline is adding a flexible payment element to its revenue-share model for its North America partners servicing e-commerce merchants. And, payments provider Payroc says it will be the launch partner for the Ingenico Axium point-of-sale terminal line. Worldline’s new product, called FlexCommissions, enables its software and independent sales organization …
• 11 October

  Data Compromises Hit a Record High in 2023, Despite a Third-Quarter Drop

  

  Data compromises in the U.S. market for the first three quarters of 2023 totaled 2,116, a record high for the first nine months of a calendar year, according to the Identity Theft Resource Center. The previous high was set in 2021, when 1,862 compromises were recorded over the first nine …
• 11 October

  Eye on Restaurants: Presto Voice Is Gaining Traction; Lunchbox Taps Finix for Online Payments

  

  Presto Automation Inc. says its voice-ordering system for restaurants represents a $17-million annual revenue opportunity as the company finishes its first full year as a public company. San Carlos, Calif.-based Presto finished the fiscal year ended June 30 with revenue of $26.1 million, a 14.1% decrease from $30.4 million the …
• 11 October

  Klarna’s AI Shopping Aid And Other Digital Transactions News briefs from 10/11/23

  

  Payments platform Klarna AB announced a series of new services, including Shopping lens, which enables shoppers to take a picture of an item in their surroundings to find out where to buy it on the best terms. The service uses artificial intelligence to render the item in a search term. Technology consultancy Thoughtworks said …