Point-of-sale

August, 2024

• 30 August

  The Top General Purpose Reloadable Prepaid Card? It’s the Serve Card, Says Researcher Javelin

  

  The general-purpose reloadable prepaid card market is expanding fast as audiences as diverse as the underbanked population and frequent business travelers adopt the products for their convenience and as alternatives or complements to bank accounts. Now the Serve Cash Back Card has earned a first-place finish in Javelin Strategy & …
• 29 August

  Affirm’s Stock Rises As the BNPL Giant Reports Improved Results

  

  Affirm Inc.’s shares soared early Thursday as the buy now, pay later platform reported revenue and profit results late Wednesday that topped analyst expectations and may indicate the online and point-of-sale lending trend, which emerged with force during the pandemic, retains plenty of momentum. The positive results also followed Affirm’s …
• 29 August

  Mastercard Payment Passkey Debuts and other Digital Transactions News briefs from 8/29/24

  

  Mastercard Inc. launched its Payment Passkey Service with payments processors and consumers in India, and says it will introduce the technology in other markets globally in coming months. The technology, aimed at online transactions, tokenizes payment credentials and enables biometric authentication of cardholders. Canada-based online travel agency justfly.com introduced a pay-by-bank feature, allowing travelers to …
• 28 August

  Apple Eyes a Return Via Zip; Sezzle Teams With Liberis to Reach Merchants

  

  Apple Inc. is reportedly mulling a return to the buy now, pay later sweepstakes in the United States through a partnership with Zip Co. Ltd, an Australian digital financial-services company. ZIP’s chief executive, Cynthia Scott, acknowledged the two companies are in talks, according to MacDailyNews. Apple abandoned BNPL operations in June …
• 27 August

  Cantaloupe Deepens Its Foray Into Sports And Entertainment With a Suite Ordering App

  

  Cantaloupe Inc. has strengthened its hand in the highly competitive market for payments at sports and entertainment venues with the launch of Suites, an order-management application designed for such venues, on Cantaloupe’s Cheq platform. Cantaloupe developed the new app as a way to make it easier for guests in stadium …
• 27 August

  The CFPB Reviews Cash Back at the Point of Sale Amid Concerns of Reduced Access to Cash

  

  Retailers providing cash-back services at the point of sale fill a void for many consumers who may live in so-called banking deserts, the Consumer Financial Protection Bureau says in a new report on the service. Some, however, charge a fee for that access, along with other banking hurdles. The Cash-back …
• 27 August

  Fortis’ New Features and other Digital Transactions News briefs from 8/26/24

  

  Payments provider Fortis Payment Systems announced new features developed in partnership with accounting-software developer Sage and aimed at simplifying payment processes and streamlining back-office functions. Payments provider PayJunction said it has added text-to-pay capability, allowing businesses to accept customer payments through text messages. Meal Ticket, a developer of technology for food-service companies, has launched …
• 26 August

  Shift4 Lays Out $148 Million in Cash for Gift Card Platform Givex

  

  Shift4 Payments Inc. announced Monday it has agreed to acquire Givex Corp., a provider of gift card, e-gift card, loyalty, and POS solutions in an all-cash transaction valued at $200 million Canadian, or $148 million U.S. The acquisition of Toronto-based Givex, which services the restaurant and retail industries, will add …
• 26 August

  TrustCommerce’s Cloud Payments Targets Easier Health Care Payments

  

  TrustCommerce says the first client to use its Cloud Payments integration with Epic Systems Corp.’s health-care software for card-present payments is now live. Chicago-based TrustCommerce says The Ohio State University Wexner Medical Center is the first to use its Cloud Payments integration. Cloud Payments uses Android-based point-of-sale devices from PAX …
• 26 August

  Onfleet’s Shopify Tie-up and other Digital Transactions News briefs from 8/26/24

  

  Onfleet, a delivery management software platform, said its new partnership with Shopify Inc., an e-commerce and point-of-sale platform, integrated Shopify online orders with Onfleet’s platform. Rentvine, a software platform for rent payments and other property-management functions, raised $74 million in growth capital from Mainsail Partners. Businesses in the Asia-Pacific region are adopting …