Point-of-sale

May, 2024

• 9 May

  Behind Open Banking’s Growing Appeal to Consumers, Merchants—And Card Networks

  

  Open banking has been attracting the attention of bankers, merchants, and card networks. It’s also drawing notice from regulators. The concept of making a payment through a direct transfer from a bank account can appeal to consumers because it’s fast and easy, and to merchants because the transaction is reportedly …
• 9 May

  Lightspeed Tees up in Myrtle Beach and other Digital Transactions News briefs from 5/9/24

  

  Lightspeed Commerce Inc. announced it is supplying payments capability for the Myrtle Beach Area Golf Course Owners Association in South Carolina, which includes more than 70 golf courses. The Western Union Co. resumed service between the United States and Cuba after technical issues in January disrupted it. Payments provider Priority Technology Holdings Inc. reported $205.7 million …
• 8 May

  Eye On Restaurant POS: Toast And Olo Post Strong Q1 Growth

  

  Processors and service providers focused on restaurant point-of-sale systems are enjoying strong growth as restaurants remain one of the hottest markets in digital payments. Two companies reaping the fruits that growth are Toast Inc. and Olo Inc. Toast Inc. posted annual recurring revenue of $1.3 billion during the first quarter …
• 8 May

  Pax Unveils Vendall and other Digital Transactions News briefs from 5/8/24

  

  Point-of-sale terminal company Pax Technology Inc. launched Vendall, a payments system for vending machines, minimarkets, and other unattended markets. Nacha, the automated clearing house governing body, noted the 50th anniversary of its formation, noting there were 31.5 billion ACH network payments made in 2023 valued at $80.1 trillion. In related news, Phixius, a …
• 7 May

  Eyeing a Competitive Restaurant Market, Square Launches a Kiosk

  

  Square, the acquiring arm of Block Inc., is the latest to launch a dedicated kiosk for quick-service restaurants. Announced Tuesday, Square Kiosk combines hardware and software to enable self-ordering and payment. Available later this summer for all Square for Restaurants merchants, Square Kiosk accepts multiple payment methods including contactless and …
• 7 May

  PayNearMe in Trustly Deal and other Digital Transactions News briefs from 5/7/24

  

  PayNearMe, a payments provider for iGaming, online sports betting, and other markets, announced it is integrating open banking capability through a new agreement with Trustly. Visa Inc. launched Visa Account Attack Intelligence, a platform that harnesses generative artificial intelligence to generate a score indicating the probability of card-testing attacks by fraudsters …
• 6 May

  PayNearMe Enables Cash Toll Payments on Cashless Tollways

  

  Growth in cashless tollways has been a boon for moving traffic. Now, PayNearMe Inc., a fintech that enables paying for online transactions with cash among other payment methods, says it is working with Kapsch TrafficCom to enable a way for those without access to in-car wireless toll payments to pay …
• 6 May

  Zark Expands Payment Options and other Digital Transactions News briefs from 5/6/24

  

  Zark Parking Solutions Inc., a parking-reservations platform, said it is adding payment options, including an integration with Apple Pay, single-click log-ins with Google and Apple, and its own Web app. Sales by U.S. small businesses grew 5.6% year-over-year in April, sending Fiserv Inc.’s April Small Business Index up four points to 145. …
• 3 May

  Accel-KKR Picks up Accertify and other Digital Transactions News briefs from 5/3/24

  

  Accertify, which provides fraud prevention, chargeback management, account protection, and gateway services, said private equity firm Accel-KKR completed the acquisition of the company from American Express Co., which it acquired in 2010. Terms were not disclosed. The U.S. Payments Forum announced a white paper exploring the links between connected cars and contextual …
• 2 May

  Block Slams News Reports of a DOJ Investigation for Compliance Violations

  

  Block Inc. chief executive Jack Dorsey fired back at news reports that the U.S. Department of Justice is investigating the company for alleged compliance lapses at Block’s Square and Cash App units. The reports “lack full context,” Dorsey said during Block’s quarterly earnings call late Thursday. News of the investigation …