Square, the acquiring arm of Block Inc., is the latest to launch a dedicated kiosk for quick-service restaurants. Announced Tuesday, Square Kiosk combines hardware and software to enable self-ordering and payment. Available later this summer for all Square for Restaurants merchants, Square Kiosk accepts multiple payment methods including contactless and …

Mastercard Inc. reported $6.3 billion in first-quarter revenue, a 10.5% increase from $5.7 billion in the 2023 first quarter. It posted a quarterly net income of $3 billion, up 25% from $2.4 billion a year prior. Executives noted strong consumer spending, cross-border payments volume growth, and new deals across its regions …

Block Inc.’s Square point-of-sale unit announced offline-payments capability is now available on all Square devices in all geographies around the world. The move covers Square Stand and Square Reader for contactless and chip, in addition to Square Register and Square Terminal. Square Reader for magstripe, the original Square device, has been covered …

Point-of-sale technology provider PAX Technology Inc. introduced Airlink, networking technology that provides payment connectivity in outdoor settings and other venues where wireless Internet or other network service may be unavailable or insufficient. Mastercard Inc. introduced what it calls a mobile virtual card app, which is aimed at financial institutions and supports the loading …

Bitcoin was designed to be a medium of exchange, like dollars, but it has become over time more like an investment, such as gold. Now, Bitcoin investors and consumers alike face an event that will significantly affect the value of their holdings, drive up Bitcoin’s price, and affect the digital …

Canada-based payments processor Lightspeed Commerce Inc. announced it will reduce its headcount by roughly 10%, or 280 jobs, and make other spending cuts in operations and facilities, in a cost-cutting initiative it expects to complete by the end of June. The company has not had a profitable year since going public in …

Visa Inc. announced three technologies leveraging artificial intelligence and aimed at controlling fraud risk, including Visa Deep Authorization, real-time account-to-account payment protection, and extension of Visa Advanced Authorization and Visa Risk Manager to non-Visa card transactions. The services are expected to launch by mid-year. Cantaloupe Inc., a specialist in payments for …

Breeze Airways unveiled a credit card cobranded with Barclays US Consumer Bank. The card offers triple points on purchases of airfare and other items, including in-flight items. The Brussels-based financial-messaging body Swift said early testing of its early-stage central bank digital currency shows financial institutions can process a variety of transactions through CBDCs …

Less than a year after going public, Bitcoin ATM network deployer Bitcoin Depot Inc. on Monday said it is eyeing substantial growth in 2024. Meanwhile, blockchain technology provider BTCS Inc. swung to a profit in 2023 after a loss in 2022. Recent developments from Atlanta-based Bitcoin Depot include the purchase …

Minneapolis-based Entrust, a provider of identity technology and data security for payments, said it has entered into exclusive talks to acquire London-based Onfido, a platform for identity-verification based on artificial intelligence technology. Pay-at-table technology specialist Toast Inc. said Choice Hotels International has selected its Toast for Hotel Restaurants portfolio for two Choice chains, Cambria …