Transaction Processing

Flexa Inc., a digital-payments provider, has introduced tap-to-pay for cryptocurrency transactions. The contactless-payment method enhances digital-asset usability by enabling blockchain payments via NFC-enabled hardware wallets without a mobile phone or internet connection, the company says. Hardware wallets, known also as burner wallets, are physical devices that store private keys for …

The evolution of point-of-sale devices and technology is unwavering, and the latest development is from Ingenico with its new Axium CX9000, an electronic cash register. Additionally, MagTek Inc. and Genesys Technologies have launched a POS reader for unattended payments. Ingenico’s Axium CX9000 has two screens, a 1.56-inch one for the …

The Consumer Financial Protection Bureau has canceled five enforcement moves, including an action against Capital One, Reuters and other news sources reported early Friday. The news came as the nominee to head the bureau, Jonathan McKernan, was testifying Thursday before the Senate in a confirmation hearing. Treasury Secretary Scott Bessent has been …

Generation Y and Generation Z are the biggest users of buy now, pay later, according to J.D. Power’s annual BNPL satisfaction study. Some 42% of both generations use BNPL products, compared to 21% of consumers from other generations, the study says. Both generations tend to favor BNPL over credit cards …

NCY Voyix Corp., the point-of-sale and processing firm, reports the number of platform sites and the number of payment sites increased 26% and 8%, respectively, in 2024 from 2023, amid the company’s improving financials for the year. Platform sites use NCR Voyix’s commerce platform and payment sites use its payment-processing …

Marqeta Inc. said it will acquire TransactPay, a processor operating in the United Kingdom and Europe. In related news, Marqeta said its board has appointed chief financial officer Mike Milotech as interim chief executive. He will continue in the CFO role. He succeeds Simon Khalaf, who has resigned as CEO and as a …

With expectations growing that the Credit Card Competition Act will soon be reintroduced in Congress, proponents of the bill feel its prospects for passage are better than ever. Helping fuel this optimism is growing bipartisan support for the bill, proponents say. “The Senate Judiciary Committee [hearing in November] showed there …

Sightline Payments, a specialist in payments for the gaming industry, announced it has completed a recapitalization, with participation from “most” existing major investors. The 15-year-old company estimates the U.S. digital gaming industry at $30 billion in annual revenue. Generation Z is overwhelmingly adopting digital-payment methods, with 92% using peer-to-peer payment …

SoundHound AI Inc., a provider of artificial intelligence-based voice technology apps, strengthened its hand in the hotly competitive restaurant point-of-sale market early Tuesday with the introduction of an enhanced platform. The new platform will provide restaurants with the ability to connect all ordering channels to provide a “unified customer experience” …

PayPal Holdings Inc.’s chief executive laid out a unified commerce strategy early Tuesday for both online and in-store merchants that includes a new application programming interface and a link with Verifone Inc., a major provider of in-store payment devices. “This is a new PayPal. We are transforming from a payments …