Restaurant technology specialist Ziosk expanded its Ziosk Platform to now include a Quick Response code service for contactless menu browsing, ordering, and payment. It also includes handheld and integration models of its service. Ziosk said the average use rate for its original devices is 92%, an average increase of almost 30% since …
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A Pilot Is Coming for FedNow, But Some Question the Fed’s Deliberate Pace
The announcement from the Federal Reserve late Monday of a pilot for the FedNow real-time payments service may represent an important stage in the development of a service not expected to go live until 2023 at the earliest. But observers caution rival services have already made headway with key market …
Read More »ATMIA Deplores ‘Fearmongering’ in Press Coverage of Covid Risk at ATMs
With ATM transaction volumes in bank branches returning to near pre-Covid-19 levels, the ATM Industry Association Tuesday issued a statement decrying media coverage regarding the risk of infection from ATM use. The issue centers on a study by the Commonwealth Scientific and Industrial Research Organisation and the Australian Centre for …
Read More »In a Crowded Field, Afterpay Brings Its Buy Now, Pay Later Service to the Cash Register
Afterpay Ltd. is making its previously online-only buy now, pay later service available to U.S. consumers in stores. Australia-based Afterpay, fresh off a deal with mall developer Simon Property Group to support its service in stores, announced the in-store service Tuesday. As with online purchases, Afterpay users make four equal payments …
Read More »PCI Pal Links with Stripe and other Digital Transactions News briefs from 10/13/20
PCI Pal, whose services enable businesses to collect payments in accordance with the PCI Security Standards Council data-security rules, announced a link-up with payments provider Stripe Inc. to allow Stripe clients to more quickly deploy PCI Pal’s technology.Paya Inc. said UtilityBilling.com, a subscription billing and payment platform, integrated Paya’s processing service.PlusPass, …
Read More »Installment Payments Provider Sezzle Lines up Untuckit and other Digital Transactions News briefs from 10/2/20
Point-of-sale credit provider Sezzle said apparel retailer Untuckit chose Sezzle as its preferred buy-now-pay-later option.Private-label card transaction processor Alliance Data Systems Corp. launched its Enhanced Digital Suite, a set of features aimed at increasing customer awareness of payment and credit options earlier in the shopping cycle.Perk Labs Inc. said its Perk Hero mobile app can …
Read More »The Sudden Ascent of QR Codes
Efficient and fast, the funky-looking barcodes are having their day in the sun as the Covid-19 pandemic channels consumers toward contactless payments. It has become commonplace to observe that the Covid-19 pandemic has energized contactless payments, and all the numbers seem to bear that out. But contactless at the point …
Read More »Payments 3.0: Will Contactless Be A Covid-Driven Fad?
It seems obvious that Covid-19 would lead to an increase in the adoption of contactless payments, and it has. But this still may not be the tipping point for tap-and-pay transactions. Contactless payments are a two-sided coin. They require both consumers and merchants to adopt them, so a variety of …
Read More »Contactless Doesn’t Always Mean NFC
If you haven’t noticed stores adopting contactless payments all of a sudden, you haven’t gotten out much in recent months. With a raging pandemic scaring customers away from touching surfaces such as PIN pads and other point-of-sale technology, retailers are rushing to install NFC-equipped devices that will let patrons wave …
Read More »The Move to Digital Payments And Accounts Carries Risk for Businesses, Report Says
As more consumer and business activity, let alone shopping, migrates to digital channels, the potential for additional risk increases. A new white paper from Giact Systems LLC outlines where some of the risk may be emerging. The Allen, Texas-based payments and identity-fraud prevention firm said undetected fraud can erode consumer …
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