The microchip shortage has caught up with POS terminal makers. Now, with forecasts that production won’t meet demand until mid-2022, those makers are for bracing for more pain. Since late 2019, when the incipient Covid-19 pandemic first throttled back or temporarily shut down microchip production in China, manufacturers like mobile …

Only two states now ban merchants from adding a charge for credit card usage. As it turns out, though, the strategy works better for some merchant categories than others. Down to just two states, bans on surcharging credit card transactions have eased. Does this herald further adoption? If so, how …

You could be forgiven for neglecting the battle between merchants, on the one hand, and banks and payments networks on the other, over acceptance costs for payment cards. After all, the conflict is a long-running affair, and other issues have crowded onto the scene in recent months. But this summer …

The emergence earlier this year of a virulent new coronavirus variant “threatens to reverse the gains made in the first six months of the year” by the U.S. restaurant industry, according to data released Tuesday by the National Restaurant Association. The news comes as eateries have adopted contactless forms of …

The convenience-store chain Wawa Inc. announced Monday it settled a class-action lawsuit stemming from a data breach in 2019 that was related to malware discovered on its payment-processing servers. The settlement, which is subject to court approval, resolves all customer claims related to the data breach. The malware affected customer payment card information …

Stop & Shop, a New England grocer with more than 400 stores, said it is enabling online orders for pickup and delivery for customers using electronic benefits transfer payment services in four states. The Quincy, Mass.-based grocer, which is owned by Ahold Delhaize USA Co., said consumers using SNAP (Supplemental …

While consumers’ use of digital channels to pay bills has risen during the Covid-19 pandemic, one area of bill payment that has lagged in the transition to digital payments is billers that accept cash payments, such as utilities. On Thursday, payment-technology provider InComm Payments and bill-payment platform doxo Inc. announced they …

The cost of fraud to merchants has risen since the onset of the Covid-19 pandemic. Each $1 in fraud costs retailers in the United States $3.60 in total expenses, compared to $3.13 pre-pandemic, according to LexisNexis Risk Solutions’ “True Cost of Fraud” study for e-commerce and retail merchants. U.S. e-commerce …

Fiserv Inc. is rolling out payment-acceptance technology to food-and-beverage vending machines in multiple markets across Europe in a move that supports mobile wallets as well as global and local payment cards. Selecta Group, operator of the machines, says its network supports devices in 16 countries selling snacks, meals, and coffee …

REGO Payment Architectures Inc. said Friday it will make version 3.0 of its Mazoola mobile wallet app and virtual debit card available in the Apple Store on Aug. 27. The Mazoola wallet is designed to help parents empower their kids to learn how to manage money in a digital world …