Transaction Processing

That visual, machine-interface technology we all know from the grocery store is experiencing a renaissance. The first item to be marked with a Universal Product Code or barcode tracks back more than forty years. But now the technology is brand new again, expanded in form to the quick-response (QR) code …

U.S. retail sales in January, excluding automobile-related spending, grew 7.2% year-over-year, with online sales increasing 10.4%, according to the Mastercard SpendingPulse report. Sales were propelled by such factors as accumulated savings and wage growth, the report says.Payments-processing giant Global Payments Inc. reported revenue of $2.19 billion on a GAAP basis for the fourth quarter, …

As part of its strategy to enable application developers to create solutions fully compliant with open-banking regulations around the world, Cloudentity, a provider authorization technology, has joined the Google Cloud Partner Advantage program as a technology partner to Apigee, Google Cloud’s API Management platform. The partnership combines Apigee’s API management platform with Cloudentity’s …

Apple Inc. rattled the payments industry on Tuesday with its announcement of technology that will let merchants accept card and Apple Pay transactions directly on an off-the-shelf iPhone with no attachments, but rivals say they’re taking the news in stride. “We’ll feel some impact, we’ll feel it a little bit, …

Stripe Inc. said it will use technology from Celonis SE to improve its user onboarding process for e-commerce merchants.Payments provider Adyen NV said it will open technology hubs in Chicago and Madrid as it builds out a global processing platform. The company maintains more than 25 offices around the world.In related news, Adyen reported it processed …

While the number of publicly disclosed data breaches totaled 4,145 globally in 2021, a 5% decline from 2020, the bulk of those breaches occurred in the United States. Disclosed data breaches in the U.S. totaled 2,953, or 71% of the global total, according to Risked Based Security Inc. The number …

Apple Inc. launched Tap to Pay on iPhone, a service that enables U.S. merchants to accept Apple Pay and other contactless payment services with an iPhone and an iOS app. Long speculated, especially since Apple’s 2020 acquisition of Mobeewave Inc., which developed the ability to accept payments via an NFC link, Tap to Pay …

Fiserv Inc. has been an acquisitive company since its merger in 2019 with First Data Corp., and on Tuesday its top management said its latest acquisition will accelerate the company’s penetration of the growing market for digital-banking services provided not locally but through a cloud configuration. The $650-million deal for …

As banks pull ATMs from underperforming off-premise locations, it is creating an opportunity for independent ATM deployers to fill the void, says a report for RBR, a London-based research and consulting firm. The trend, which is being driven in part by banks’ growing emphasis on providing cashless paymentsolutions to their …

If the nation’s second-largest bank is any indication, total consumer payments are booming despite the pandemic, while digital alternatives are gaining ground fast, in part because of the pandemic. Bank of America Corp. reported early Monday spending by consumer customers in January rose 17% compared to January last year, resulting …