Thursday , September 19, 2024

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Lightspeed’s New Data Tool and other Digital Transactions News briefs from 8/14/24

Lightspeed Commerce, a specialist in hospitality payments, launched Retail Insights, a data service for merchants. Shift4 Payments Inc. announced it will process all ticket sales and foodservice payments at Gainbridge Fieldhouse in Indianapolis, the arena for the Indiana Pacers of the National Basketball Association. U.S.-based fintech software firm OMNIQ Corp. said …

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Helper Bees Pick Lynx for Card Program and other Digital Transactions News briefs from 8/1/24

An in-home services company called The Helper Bees has launched a benefit card that allows members to spend benefits at more than 60,000 retail locations, including drugstores and grocery chains. Duda, a Web site developer, said its e-commerce technology has integrated with Block Inc.’s Square platform, a move it says will allow …

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Composable commerce for ISVs: Creating the blueprint for strategic growth

Steven Velasquez, Senior Vice President and Head of Partner Business Development – U.S. Bank | Elavon As consumer demand for a frictionless payment experience increases, ISVs that embed additional financial services into their offerings stand to win more market share in a progressively competitive software ecosystem. How ISVs decide to …

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Nuvei Readies UAE Expansion and other Digital Transactions News briefs from 6/25/24

The Canada-based processor Nuvei Corp. said it has received approval for a retail-services license from the central bank of the United Arab Emirates, laying the groundwork for an expansion into the UAE market. Fast-food chain Long John Silver’s said it is working with multiple technology vendors to update its digital and in-store ordering experience …

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Nuvei Advances Corporate Change and other Digital Transactions News briefs from 6/19/24

Shareholders in Nuvei Corp. approved the processor’s previously announced agreement to be acquired by Advent International LP for $34 per share in a move that will take the big processor private. The Financial Times reported that regulators in the European Union have accepted concessions from Apple Inc. that will allow competing payment platforms to access the …

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Entrust Launches Digital Identity Verification for Government Benefits And Services

Entrust Corp., a provider of identity technology, on Monday launched its Citizen Identity Orchestration platform, which is aimed at governments’ delivery of public services. The new platform, intended for such functions as benefits delivery, tax filing, health-care access, and border crossings, uses artificial intelligence for identity verification, issuance of digital …

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CFPB Lays Out Open Banking Standard Steps and other Digital Transactions News briefs from 6/5/24

The Consumer Financial Protection Bureau said it has settled on a process by which companies can comply with an upcoming personal financial data rights rule related to open banking. Cloud-based phone-service provider Ooma Inc. announced an integration with Square, the point-of-sale unit of Block Inc., to incorporate Square transaction data into business communications …

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Is it Time for Pay-By-Bank at Retail?

Consumers and merchants may be primed for it. New technology, consumer affinity for digital payments, and the allure of cheaper payment processing may be setting the stage for broader use of pay by bank in the United States. Paying by a bank account is not unfamiliar to most consumers. Already, …

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Beyond payment acceptance – Leveraging APIs and open banking to provide more value

By Steven Velasquez, Senior Vice President and Head of Partner Business Development – U.S. Bank | Elavon The emergence of open banking, financial services APIs, and banking as a service has changed the landscape of the payments ecosystem. It is no longer enough to offer integrated payments with your software …

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CredBuild’s Renters Reporting and other Digital Transactions News briefs from 5/28/24

Fintech CredBuild said it is working with BloomCredit to enable renters to report rent payments to credit bureaus via property management systems. BloomCredit provides the API codes. PayIt, a specialist in government payments, said the Eastern Band of Cherokee Indians will use PayIt for a new digital fish-licensing system. Waystar Holding Corp., …

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Digital Transactions