Block Inc.’s Square point-of-sale technology unit announced late Tuesday it completed development work on a new platform it says offers improvements in ordering and payments. According to the brief announcement, the new technology offerings will include capabilities such as pre-authorization of transactions and bar tabs “to sellers of all sizes …
Read More »
Canada-based BMO Financial Group launched PaySmart in the U.S. market. PaySmart is a credit card feature that lets users divide transactions of $100 or more into installments over three, six, or 12 months at a monthly fee. Travel payments network UATP has added buy now, pay later platform Floa as another installment payment option. …
Read More »
Illinois Senator Dick Durbin is refuting claims by plaintiffs in the Illinois interchange lawsuit that federal banking laws, such as the Durbin Amendment, supersede state laws. The latest back-and-forth is part of an unfolding lawsuit challenging the Illinois Interchange Fee Prohibition Act. In an amicus brief filed late Friday, Durbin …
Read More »
With just 52 days until the traditional start of the holiday shopping season post-Thanksgiving, consumers and criminals are gearing up for a busy period. A new report from ACI Worldwide Inc. forecasts that synthetic-identity fraud and artificial-intelligence use will be a big lump of coal for merchants. Meanwhile, identity platform …
Read More »
Oil and gas giant BP plc early Monday launched a loyalty app called earnify, which enables BP customers to earn rewards points for fuel and in-store purchases at BP and Amoco locations. App users earn 1 point per $1 spent on fuel and 2 points per $1 spent on other …
Read More »
Diners visiting the Famous Foods Street Eats food hall at Resorts World Las Vegas soon will use one of 34 kiosks to order and pay for their meals. Alpharetta, Ga.-based Agilysys Inc. announced the food hall will deploy its kiosks, which use the Agilysys InfoGenesis POS platform, for use at …
Read More »
Paysafe Ltd. will process transactions for clients of Gaming Innovation Group in North America, the United Kingdom, continental Europe, and Latin America that have adopted Gaming Innovations’ CoreX player-account management system. Silverblaze, a developer of customer-engagement software for utility companies, will adopt billing and payment technology from Kubra and has joined …
Read More »
The national legal battle over an Illinois interchange law continues to broaden in scope. Several national organizations representing merchants are expected to file amicus briefs with the United States District Court for the Northern District of Illinois Friday in support of the Illinois Interchange Fee Prohibition Act. The briefs are …
Read More »
With the Federal Reserve’s FedNow service having debuted in July last year and The Clearing House Payments Co.’s RTP network in operation since 2017, just how soon can the U.S. payments industry expect widespread, routine exchange of real-time transactions? Answers to that question are beginning to emerge. According to a …
Read More »
A report from prepaid card platform Blackhawk Network indicates consumers will spend $760 on holiday-season gifting this year, flat with 2023, though they say they will spend 48% of their holiday budget through gift cards, up from 39% last year. The company surveyed 2,000 U.S. consumers in July. Pye, a hospitality point-of-sale …
Read More »
Digital Transactions Authoritative, insightful and timely information for payments professionals
