Point-of-sale

March, 2023

• 9 March

  Paysafe’s Boss Presents a Sunnier Outlook As He Points to Improved Results

  

  Bruce Lowthers came over from FIS Inc. last spring to run a stumbling Paysafe Ltd., and in the ensuing months the new chief executive delivered a series of candid assessments of his new company. “Bluntly, we’ve lost our way here,” he told equity analysts in November, adding, “We’re impeding our …
• 9 March

  Silvergate To Wind Down And Other Digital Transactions News briefs from 3/9/23

  

  Silvergate Capital Corp. said it will wind down its operations and return deposits to customers after it was forced to sell assets at a loss. Silergate last year acquired the assets of stablecoin venture Diem Group, formerly known as Libra. U.S. retail sales in February, excluding automotive, were up 6.9% from February 2022, …
• 8 March

  Amazon Expands Its ‘Just Walk Out’ Store Technology to College Campuses

  

  In an expansion of the Just Walk Out technology that powers cashierless Amazon Go stores, Amazon.com Inc. is partnering with Transact Campus Inc., a provider of campus identification systems that enable student access to buildings and payments for such campus services as dining, laundry, and vending. Under the terms of …
• 8 March

  Eye on Acquirers: Shift4’s Online Ticketing Move; Nuvei Records Double-Digit Volume Jumps

  

  Shift4 Payments Inc. has been cementing its position as a major payments provider for stadiums and arenas, and early on Wednesday it announced a big move into a closely related market: online ticketing. The Allentown, Pa.-based processor said it will handle payments for all tickets sold through Premier Productions’ iTickets.com …
• 8 March

  Fintechs Eat into Bank Payments Volume And Other Digital Transactions News briefs from 3/8/23

  

  Among some 108 banks in North America, Europe, and Asia-Pacific, nearly half indicate they have lost at least 10% of their payments volume to fintechs, according to an Aite-Novarica report supported by payments platform Finastra. As a result, some 65% plan to make a significant or moderate investment in payments technology …
• 7 March

  Embedded Banking Solutions Are Assuming a Higher Profile for Software Vendors

  

  Businesses are increasingly looking for software developers that can integrate payments and other traditional banking products and services and generate new revenue for the platforms that offer them, according to a recent report from The Strawhecker Group (TSG) and KeyBank. The trend, known as embedded banking, is a way for …
• 7 March

  Mercedes Adds Biometric Payments to Five Models, Turning the Car into a Payment Device

  

  Mercedes-Benz’s new Mercedes pay+ in-car payment service is coming to five models manufactured by the Germany-based luxury-car maker. Though earlier efforts from a variety of car makers put in-car payments on the road, Mercedes-Benz is the first, with its Mercedes pay+ technology, to use Visa Inc.’s Delegated Authentication and Cloud …
• 7 March

  Spreedly’s Multiple Integrations And Other Digital Transactions News briefs from 3/7/23

  

  The payments orchestration platform Spreedly announced integrations to Venmo, PayPal Credit, PayPal Pay Later, and automated clearing house payments for clients of PayPal and Spreedly who process through PayPal’s Braintree unit. In related news, payments provider CellPoint Digital said airline Icelandair will use its Velocity payment orchestration platform to access payment providers in countries …
• 6 March

  Nuvei Adds Australia As It Expands in Asia-Pacific And Readies Paya for Overseas Duty

  

  The major Canadian processor Nuvei Corp. on Sunday announced the next step in its international expansion with the news that it has begun operations in Australia to process e-commerce traffic. The move follows a trend as North American processors master overseas payment methods and look to compete with local providers. …
• 6 March

  Visa and FIS? And Other Digital Transactions News briefs from 3/6/23

  

  The big processor FIS Inc. may be a possible acquisition target of Visa Inc., according to news reports that emerged last week. The card network reportedly was eyeing FIS before the processor announced last month it would spin off its Worldpay processing unit but might still bid to acquire all or part of the …