Tuesday , October 29, 2024

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Smart Phones Go Contactless

Software-based options are proliferating for merchants who want to use their own mobile phones for payment card acceptance. Are we entering the era of Square II? Square Inc. made payments history a decade ago with its iconic dongle that enabled iPhones to accept payment cards (“How the Twitter Guy Changed …

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How Fiserv Is Working With Google Pay And ExxonMobil To Go ‘Beyond the Buy Button’

With digital and physical commerce melding, Fiserv Inc. intends to position its Carat platform as the engine to enable providers such as Alphabet Inc.’s Google unit and merchants to process transactions across both channels. Fiserv took a big step in that direction last week when it announced it will enable …

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Lightspeed Arms Itself for Heavy-Duty Competition With Its Acquisition of ShopKeep

Lightspeed POS Inc. on Thursday acquired ShopKeep Inc., a payments and commerce provider, for $440 million in cash and stock. Under the terms of the deal, Lightspeed will pay $145.2 million in cash and issue 9.5 million subordinate voting shares. The deal is expected to close by Dec. 31. RBC …

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Buoyed by Merchant Acceptance, Fiserv Comes Close to Returning to Pre-Covid Levels

Led by its merchant-acquiring unit, Fiserv Inc. in the quarter ended Sept. 30 continued its rebound from the wallop it took from Covid-19. The Brookfield, Wis.-based company reported total revenue, adjusted for its First Data Corp. acquisition in July 2019, of $3.59 billion for the quarter, down a slight 1% …

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Restaurants Turn to Technology to Keep Sales Tax on the Operations Menu

Paying sales tax is part of doing business for restaurants, but not all restaurants are adept at collecting it. With this in mind, Davo Technologies, a provider of an automated sales tax collection application, has integrated its app into Heartland Payment Systems Inc.’s POS platform for restaurants. The Davo app …

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How the Pandemic Changed Payments (Permanently)

A deadly disease has proven a boon for some key trends while threatening cash and opening new avenues for fraud. An industry whose closest familiarity with viruses has come from the kind that infects computers has for most of this year had to contend with a pathogen that has sickened …

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‘We’re All Omnichannel Now’

The pandemic accelerated developing trends at the point of sale. POS vendors that have mastered hardware, software, and processing could be best positioned to benefit. When the novel coronavirus struck in March, it drove consumers into their homes, leading to a surge in e-commerce spending. Brick-and-mortar merchants soon learned the …

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Visa Reports Improving Volume Trends in May

U.S. payment volume growth was still in negative territory in May thanks to the Covid-19 pandemic, but the picture was brighter than it was in April, Visa Inc. reported late Monday. “In May, total U.S. payments volume declined 5% year-over-year, a 13 percentage point (ppt) improvement over April,” Visa said …

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WooCommerce Payments Debuts and other Digital Transactions News briefs from 5/19/20

E-commerce facilitator WooCommerce launched WooCommerce Payments to provide checkout and payments-management capability for merchants on its platform. Transaction fees start at 2.9% plus 30 cents for U.S.-issued cards.ACI Worldwide Inc. announced Wundr Group Ltd., a retail payments platform specializing in cross-border transactions, will use ACI’s UP eCommerce Payments technology, which links to card-transaction …

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Fiserv CEO Yabuki Sees Signs of Stronger Growth as He Yields to Former First Data Chief Bisignano

Jeff Yabuki will step down July 1 after 15 years as chief executive of Fiserv Inc. and will be succeeded by Frank Bisignano, who joined the company last year after it acquired First Data Corp., of which Bisignano was CEO, in a $22-billion all-stock deal. Yabuki, who is also Fiserv’s …

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Digital Transactions