Monday , December 9, 2024

Transaction Processing

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 …

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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 …

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The Clearing House Gets Set to Broaden the Reach for Its Request for Payment Service

The U.S. payments industry has celebrated the emergence in recent years of two major platforms for real-time payments, but what has insiders particularly excited is the potential for something called the request for payment, or the RFP, as they style it. “The RFP is the first real shift in how …

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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 …

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Consumers And Businesses Are Embracing Instant Payments, a Fed Study Says

Consumers and businesses are embracing instant-payment options for such transactions as bill payment, mobile-wallet funding and defunding, account-to-account transfers, and immediate payroll for employees, the Federal Reserve says. A pair of studies surveying businesses and consumers about instant payments and the payments landscape, released late Monday by the Fed, reveals …

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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 …

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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 …

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J.P. Morgan Payments Adds Real Time A2A Payments With the Addition of Visa Direct

Real-time account-to-payment payments has received a big boost as J.P. Morgan Payments adds Visa Direct to its arsenal of payment options. The deal gives businesses using J.P. Morgan Payments’ platform an option to make payments, such as a rebate or refund, directly to a consumer’s debit card or bank account …

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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 …

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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. …

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Digital Transactions