Point-of-sale

May, 2023

• 18 May

  Lightspeed Touts Results As It Tightens Its Focus on Restaurants

  

  Few, if any, business sectors are as hotly competitive these days for payments providers as hospitality, and in particular, restaurants. Major firms from Block Inc.’s Square unit to Toast Inc. to Shift4 Payments Inc. have big stakes in this market. But that hasn’t stopped one other entrant, Lightspeed Commerce Inc., …
• 18 May

  Ripple CBDC Platform Unveiled And Other Digital Transactions News briefs from 5/18/23

  

  Blockchain company Ripple unveiled its Ripple CBDC Platform, technology supporting central banks, governments, and financial institutions in issuing central bank digital currencies. More than 90% of the world’s countries are at some stage of development toward a CBDC, according to the Atlantic Council. Matera, a U.S.-based instant payment and QR code technology …
• 17 May

  Sezzle Makes Room for Pay-in-2 BNPL Product

  

  Sezzle is fine-tuning the buy now, pay later experience with the debut of its Pay-in-2 product. Just as its name suggests, the new product splits transactions into two payments, which can help expand BNPL to new categories, such as grocery, monthly subscriptions, and other high-frequency categories, Sezzle says. Consumers choosing …
• 17 May

  Engage’s Transaction Twist And Other Digital Transactions News briefs from 5/17/23

  

  A startup fintech called Engage has launched a communication channel allowing customers and merchants to interact via purchase transactions through card networks. In the hotly contested hospitality point-of-sale market, Lightspeed Commerce Inc. launched the newest version of its Lightspeed Restaurant set of technologies, which is immediately available in the U.S. market. Security firm Sophos said it …
• 16 May

  Square Launches Square KDS in a Move to Gain More Restaurant POS

  

  Square, the point-of-sale and e-commerce unit of Block Inc., is the latest technology provider to turn up the heat in the already hotly competitive restaurant POS market. It announced Tuesday the launch of Square KDS, a kitchen-display system on the Android operating platform, and the debut of Square for Franchises, …
• 16 May

  Paysafe Gains Momentum As CEO Lowthers Completes His First Year at the Helm

  

  Paysafe Ltd. has been all about growth since Bruce Lowthers took over a year ago as chief executive, and on Tuesday he contended the London-based processor is expanding nicely in its key wallet and iGaming markets. “We returned to growth in the second half of 2022,” Lowthers told equity analysts …
• 16 May

  ACI Completes FedNow Certification And Other Digital Transactions News briefs from 5/16/23

  

  Payments provider ACI Worldwide Inc. said it has completed testing and certification necessary to participate in the Federal Reserve’s FedNow real-time payment service, set to launch in July. Identity-verification specialist Veriff said it will provide its services through processor MassPay’s payments-orchestration platform. Warning of more fraud as peer-to-peer and real-time payments gain volume, technology firm ComplyAdvantage launched Fraud Detection, which …
• 15 May

  As the Dark Web Turns Darker, Mitek And DarkTower Partner to Combat Fraud And ID Theft

  

  Mitek Systems Inc., a provider of identity-verification technology, is teaming up with DarkTower, the cyber-intelligence division of Davidson, N.C.-based IT consultancy Queen Associates, to combat account fraud and identity theft. The partnership grew out the increasing role criminal marketplaces on the dark Web are playing in account and check fraud, …
• 15 May

  As FedNow Gears up for Launch, Processors Ready Smaller Clients

  

  Jack Henry & Associates Inc., one of the earliest participants in the Federal Reserve’s nascent FedNow real-time payments platform, said early Monday it is “operationally ready” to support the service when it launches commercially in July. The Monett, Mo.-based processor said more than 20 client institutions are set to connect …
• 15 May

  Fifth Third Closes on Big Data Deal And Other Digital Transactions News briefs from 5/15/23

  

  Fifth Third Bancorp said it has closed on its acquisition of Big Data LLC, a technology platform for health-care payments. Terms were not disclosed Mark Barnett, president of Mastercard Inc. for Europe, said card interchange “represents incredibly good value” with respect to “sharing the costs and benefits of the payment system.” The remarks …