July 7, 2023
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Point-of-sale, Transaction Processing
PayRange Inc., a provider of mobile payments for unattended markets, has extended its reach into the campground and RV parks market. Payments-technology provider NovoPayment released Orchestra 2.0, a payments-orchestration layer aimed at financial institutions. Paybotic Financial, a payments platform specializing in the cannabis industry, said it has joined the Emerging Market Coalition, a nonprofit …
Read More »
July 6, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Mergers & Acquisitions, Point-of-sale, Transaction Processing
Merchant Lynx Services has acquired National Credit Card Processing Group, a provider of B2B payment solutions, for an undisclosed sum. National Card Processing specializes in payment acceptance for the construction and heavy-duty trucking parts and repairs, concrete ready mix, asphalt and aggregate supply, and highway civil construction industries. The acquisition …
Read More »
June 28, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Issuing/Originating, Point-of-sale, Transaction Processing
Fulfilling a promise it made seven months ago, Block Inc.’s Square merchant-acquiring unit on Wednesday announced it will offer an American Express-branded credit card to its sellers that gives rewards in the form of lower processing costs. Square also announced several enhancements to its financial services to get more of …
Read More »
June 23, 2023
Acquiring, Competitive Strategies, E-Commerce, Mobile Commerce, Mobile Wallets, Pricing, Transaction Processing
Toast Inc., provider of popular payment and business-management systems for restaurants, is testing a 99-cent fee for online orders of $10 and above that the company could roll out nationwide next month. The test is generating criticism from restaurateurs on social media and debate in the merchant-acquiring industry about pricing …
Read More »
June 12, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Point-of-sale, Transaction Processing
Restaurant point-of-sale technology provider Toast Inc. has signed an agreement with Marriott International Inc. to make its Toast for Hotel Restaurants product available in the hotelier’s Select service hotels in the United States and Canada. A report from Mastercard Inc. indicates the proportion of cash-only customers in Latin America has dropped from 45% three …
Read More »
June 8, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Law and Regulation, Marketing, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Transaction Processing
Apple Cash users will be able to set up weekly, biweekly, or monthly Apple Cash payments in the iOS 17 iPhone software coming this fall, Apple Inc. announced. Users also will be able to present digital IDs stored in Apple Wallet to businesses, such as for age verification. More than 96% …
Read More »
May 31, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Marketing, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Prepaid Cards, Real-time Payments, Smart Cards, Transaction Processing
ACI Worldwide Inc. named Thomas Warsop its president and chief executive effective June 1. Warsop continues to be a member of ACI’s board of directors, which he joined eight years ago. He had served as interim president and CEO since November following the departure of Odilon Almeida, who held that role since …
Read More »
May 24, 2023
Acquiring, Competitive Strategies, E-Commerce, Marketing, Point-of-sale, Transaction Processing
Four-year-old payments provider Green Payments said it has expanded into a new office after what it says was a “record year of portfolio and employee growth.” The company, which focuses on health care, hospitality, and automotive sales, says its portfolio grew 134% last year to a total of $1.2 billon in volume. …
Read More »
May 23, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Law and Regulation, Point-of-sale, Transaction Processing
As part of a settlement with Citizens Bank, the Consumer Financial Protection Bureau is requiring the bank to pay a $9-million civil money penalty for its alleged failure to “properly manage and respond to customers’ credit card disputes and fraud claims.” The agreement is subject to approval by the court. UATP, a …
Read More »
May 22, 2023
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
The share of all payments using cash declined only modestly to 18% in 2022 from 20% in 2021, while the share of in-person and person-to-person payments has stayed constant at 81%, according to the Diary of Consumer Payment Choice from the Federal Reserve System’s FedCash Services. Sunmi Technology Co., a China-based point-of-sale …
Read More »
Digital Transactions Authoritative, insightful and timely information for payments professionals
