Point-of-sale

September, 2023

• 7 September

  Eye on Fraud: Global Ransomware Attacks Soar to a Monthly High; Cyber Attacks Hit Hospitality Merchants

  Monthly global ransomware attacks hit an all-time high in March, totaling 460. That’s a 62% increase from the same period a year earlier, and a 91% increase from the prior month, according to the fall edition of Visa Inc.’s 2023 Biannual Threats Report. Leading causes for ransomware attacks are criminals …
• 7 September

  Eye on Cannabis: POSaBIT POS 2.0 Debuts; Organic Payment Gateways’ New Program

  

  Though not as credit and debit card friendly as some industries, the legalized cannabis industry continues to create opportunities for payments companies. Among the latest developments are the release of POSaBIT Systems Corp.’s latest point-of-sale system and a new program from Organic Payment Gateways. Bellevue, Wash.-based POSaBIT says its POSaBIT …
• 7 September

  Cantaloupe Volume up 14%And Other Digital Transactions News briefs from 9/7/23

  

  Cantaloupe Inc., a payments provider for the vending and self-service industries, reported it processed $703.5 million in volume in the June quarter, up 14% year-over-year, on 278.6 million transactions, up slightly from 274.6 million. It collected $64.2 million in revenue, an 11% rise. In a letter to shareholders, Innovative Payment Solutions …
• 6 September

  Browns Stadium Opts for Clover Sport Point-of-Sale System

  

  When the Cleveland Browns open their 2023 NFL home stand Sunday, fans at the stadium using credit and debit cards will be tapping and dipping via new Clover Sport devices. Announced Wednesday, the nearly 500-device installation in concession and premium-seating locations in the Cleveland Browns Stadium will make the arena …
• 6 September

  Moving Cards from Plastic to Paper And Other Digital Transactions News briefs from 9/6/23

  

  Prepaid card platform Blackhawk Network said it is working with Visa Inc. to convert its Visa-branded cards from plastic to paper-based materials. Payments provider Central Payments released PayCP, its payout platform that initially includes a virtual Discover prepaid card, a physical Discover prepaid card, push to debit cards via Mastercard Send, and ACH bank …
• 5 September

  Infinicept Offers Launchpay, a Path for Software Companies to Become a Payfac

  

  Infinicept, a provider of embedded payments, Tuesday introduced Launchpay, a payment facilitator (Payfac)-as-a-service model for software companies not yet ready to become full-scale payment facilitators. Payment facilitators allow customers to accept electronic payments using their platform through a master merchant account. Examples of Payfacs include Block Inc.’s Square merchant-processing unit …
• 5 September

  Visa Moves Blockchain Into Acquiring With a Pilot for Merchant Processors

  

  Visa Inc., which has been working with blockchain-based currencies at least since the start of the decade, on Monday said it is starting to expand its cryptocurrency services into merchant acquiring, largely for cross-border transactions. The move, which Visa calls a “pilot project,” involves the major merchant processors Worldpay and …
• 5 September

  Mastercard Denies Rate Bump Assertion And Other Digital Transactions News briefs from 9/5/23

  

  Mastercard Inc. denies an assertion it intends to raise interchange rates in October following an Aug. 30th story in The Wall Street Journal about interchange rate adjustments expected from Mastercard and Visa Inc. in October and April. Mastercard said the article relied on a report from an advisory firm that is advocating for legislation that …
• 1 September

  Bitcoin Depot Adds Merchants Where Consumers Can Buy Crypto at The Point of Sale

  

  Bitcoin Depot Inc., a Bitcoin ATM operator, has expanded the footprint of its BDCheckout program to more than 400 retail locations in Iowa and Louisiana. BDCheckout enables consumers to fund digital wallets with cryptocurrency at checkout through Bitcoin Depot’s network of merchants. Consumers can access BDCheckout at 246 convenience stores …
• 1 September

  Vet Platform Otto Secures $43 Million in Financing And Other Digital Transactions News briefs from 9/1/23

  

  Otto, a business and payments platform for veterinary practices, announced a $43-millon Series B equity-financing round. The company, formerly called TeleVet, now claims more than 8,000 clinics. Nexo introduced its Nexo Card, a Mastercard-branded card that allows holders to use as either a credit or debit card on each transaction, with …