Point-of-sale

April, 2023

• 7 April

  COMMENTARY: How Payments Have Boosted the Customer Experience

  

  When you’re pressed for time, there’s probably a handful of neighborhood stores where you shop regularly. You can depend on them in those hurried moments, whether it’s the small retailer that stocks your favorite items, the local coffee shop that knows just how you like your coffee, or the mobile …
• 6 April

  Square Parent Block Slaps Mastercard And Visa With an Antitrust Suit Over Card Acceptance Costs

  

  In a major case whose effects could ripple widely across the payments industry, Block Inc. has sued Visa Inc. and Mastercard Inc., alleging the global networks worked together to fix interchange fees paid by Block’s Square operation. Square, which processes card transactions for millions of mostly small sellers, pays interchange …
• 6 April

  Intuit Is Ending Support for QuickBooks POS, Triggering a Scramble for Small Merchants’ Business

  

  Intuit Inc. recently announced that it will end support for its QuickBooks Desktop Point of Sale 19.0, one of the oldest payment-accepting POS systems in the market, as of Oct. 3. Intuit is referring users to Shopify Inc., but other payments companies are scrambling for the business. The date of …
• 6 April

  ePayPolicy Launches PayablesConnect And Other Digital Transactions News briefs from 4/6/23

  

  Insurance-industry payments specialist ePayPolicy launched Payables Connect, which it says automates reconciliation, creation, and payment of due payables. Technical-standards provider Global Platform said it will offer a seminar in Brussels April 26 on security for digital wallets offering eID. MSP Recovery Inc., which offers a product called LifeWallet to help providers manage medical …
• 5 April

  Euronet’s epay Unit Unveils ‘No-Code’ Service for Flagging Fraudulent Transactions

  

  Payment processor Euronet Worldwide Inc. on Wednesday announced a new fraud-monitoring service called Skylight the company says will enable analysts to write rules for monitoring suspicious transactions without needing to change software coding. The cloud-based service comes from Euronet’s epay division and runs on Microsoft Corp.’s Azure and Amazon.com Inc.’s …
• 5 April

  CardX Expands Online Payment Capabilities with Mastercard Click to Pay

  

  Payment processing platform CardX is making Mastercard Click to Pay available on Lightbox, its online payment form, to all existing and new card-not-present merchants on its platform. Mastercard Click to Pay stores a consumer’s payment information using an encrypted, virtual card number to enable secure online shopping. Lightbox enables consumers …
• 5 April

  EV Charging Cash Back to PayPal Wallet And Other Digital Transactions News briefs from 4/5/23

  

  Participants in the new SmartCharge New York electric-vehicle charging program in the New York City area can receive cash back to their PayPal or Venmo accounts if they charge their vehicles during low-demand hours. The program is overseen by electric utilities Con Edison and Orange & Rockland, which are working with ev.energy, …
• 4 April

  Finix Tags New Merchant Market And Other Digital Transactions News briefs from 4/4/23

  

  Finix Payments Inc. released its payments service for merchants that want to use embedded payments. Its first product was geared to software platforms. The new segment provides payments processing while enabling the merchant to control their customers’ online and in-person shopping experiences. Aeropay, a cannabis industry payments provider, said it and Onfleet, …
• 3 April

  PayPal Becomes Ticketmaster’s Preferred Payment Partner, a Boon for Braintree

  

  PayPal Holdings Inc. says it is now the preferred payments partner of Ticketmaster, the big and often controversial multi-national ticketing business owned by Live Nation Entertainment Inc. The deal announced Monday is a boon for PayPal’s Braintree merchant-processing unit, which will become Ticketmaster’s main processor. Monday’s announcement essentially is an …
• 3 April

  POSaBIT Expands Its Footprint In Cannabis Payment Processing With Hypur Acquisition

  

  POSaBIT Systems Corp. strengthened its position in the cannabis-payments processing market with the $7.5 million acquisition of Scottsdale, Ariz.-based Hypur Inc., a provider of payment and compliance solutions to high-risk merchants, including cannabis dispensaries, CBD retailers, and merchants that accept cryptocurrency. POSaBIT says the acquisition will provide it with a …