Point-of-sale

April, 2023

• 3 April

  Coinhub Places More Bitcoin ATMs And Other Digital Transactions News briefs from 4/3/23

  

  Coinhub said it recently secured placement of its Bitcoin ATMs at more than 1,000 gas stations and stores. Parthenon Capital announced it has closed on its $415 million acquisition of Pavilion Payments, previously known as Global Payments Gaming Solutions. The deal was announced in February. Global Payments will continue to process for Pavilion. …

March, 2023

• 31 March

  The Rise of Digital Wallets: Plan Now or Plan to Fail

  

  Digital wallets are taking on new meaning as merchants grapple with how to stay relevant with consumers’ preferred ways to pay. With the total number of digital-wallet users expected to exceed 5.2 billion globally by 2026, wallets benefit consumers and merchants alike, offering swift payments and convenience that expedite the …
• 30 March

  COMMENTARY: As the Digital Wallet Craze Spreads, Potential and Pitfalls Abound for Banks

  

  As the modern payments landscape has developed, digital wallets have become nearly impossible to avoid—not that consumers want to stay away. In fact, the recent decision by America’s largest banks to team up and create their own digital wallet points to quite the opposite. It’s easy to see why consumers …
• 30 March

  Cheq’s Stadium POS Play And Other Digital Transactions News briefs from 3/30/23

  

  In-stadium payments provider Cheq Inc. said visitors to the Miami Marlins’ home field, loanDepot park, now can use its services for mobile, kiosk, traditional point-of-sale, and handheld payment options in parts of the park. Cheq began offering mobile payment services at the venue in 2021.8 P97 Networks, a provider of mobile-payments technology for gas …
• 28 March

  Wait No More: Apple Pay Later Arrives a Bit Late

  

  Apple Inc.’s newest financial product, a buy now, pay later service called Apple Pay Later, has finally arrived. Launched Tuesday, Apple Pay Later was announced in June, but only now is it being made available, and just to a limited set of Apple Pay users. Apple says it will offer broader …
• 28 March

  Eye on POS: Ingenico Acquires a Smart Phone Payments Developer; Verifone’s Partner Program

  

  Point-of-sale terminal and payment software provider Ingenico on Tuesday announced it has acquired Phos, a developer of specialty software that enables smart phones and tablets to function as payment terminals. Ingenico said in a statement that Phos is a “premier player” in the fast-evolving software for the POS (softPOS) market …
• 28 March

  ID Fraud Losses Fell 17% And Other Digital Transactions News briefs from 3/28/23

  

  Losses to identity fraud fell 17% last year, to $43 billion, compared to 2021, thanks to beefed-up prevention at banks and credit unions and more active outreach by consumer-advocacy groups, according to the 20th edition of Javelin Strategy & Research’s Identity Fraud Study. Payments provider Paysafe said Greyhound Lines Inc. will use the Paysafecash …
• 27 March

  Eye on Commerce: 81% of Consumers Want ‘Just for Me’ Shopping; Newegg Adopts ChatGPT

  

  What’s the future of shopping going to be like? If consumers have their way, it will be more personalized and convenient, found the “Future of Shopping” report from Synchrony. And online retailer Newegg Commerce Inc. is incorporating artificial intelligence tool ChatGPT into its shopping protocols. With increased sophistication in personalization, …
• 23 March

  A2A Payments A Growing Force In Payments

  

  Account-to-account payments is becoming a growing force in the payments landscape, totaling $525 billion in global e-commerce transaction value in 2022, up from $463 billion in 2021, a 13% increase, according to the FIS Global Payments Report 2023. The volume was funneled through about 70 real-time payment schemes providing high-speed …
• 23 March

  COMMENTARY: Gun Sales Can Be Tracked, But MCC Codes Are the Wrong Tool for the Job

  

  Plenty of attention has been given recently to the tracking of gun sales, with no lack of argument for and against. This article lies outside of any market motives or political opinions. It speaks only to the underlying mechanism of tracking purchases. As an engineer and a pragmatist, I can …