Restaurants are roaring again, and now the companies that enable digital payments for them are setting their sites on the biggest chains. Two major players, Toast Inc. and Qu POS Inc., separately announced early Thursday initiatives aimed at bolstering their positions with regional and national restaurateurs. The moves come as …
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POS Tech for Dining Gains Yet More Momentum As Olo Goes to the Point of Sale And Par Unveils New M&A
The restaurant and related hospitality market has attracted plenty of attention the past few years from payment platforms, rendering the market one of the hottest in the field of digital payments and marketing. And the trend shows no signs of cooling off, as processors and related service providers look to …
Read More »20 Years And Counting. Thank You
Welcome to a party. Digital Transactions is 20 years old, and with this issue we’re celebrating that milestone with a package of stories tracing the development over the years of 10 key topics in digital payments. You’ll find that piece on page 18. But first, we wanted to pause and …
Read More »Amazon Adds BNPL in Mexico And Recruits SellersFi for Amazon Seller Financing
Amazon.com Inc. is offering buy now, pay later loans in Mexico through a partnership with Kueski Pay, a BNPL program in Mexico. Shoppers on Amazon Mexico can use Kueski Pay to pay for their purchases in four or 12 bi-weekly installments through a linked bank account or debit card, or …
Read More »Imposter Scams: P2P’s Growing Problem
Peer to peer payments networks are wrestling with the fallout triggered when users send money to a scammer. Solutions won’t be easy. In the world of digital payments, there’s a scam born every minute. The latest scam is conning consumers to send money via a peer-to-peer payment network to a …
Read More »Repay Partners With Green Dot to Enable Cash-Based Bill Payment
Repay Holdings Corp., a provider of payment-processing services, has partnered with Green Dot Corp. to enable Repay merchants to accept cash-based bill payments at more than 45,000 locations in the United States. The service depends on Green Dot’s eCash technology, which enables users to present a barcode that serves as …
Read More »Small Businesses Are Falling Down Online, Gen Zers And Millennials Say
Small businesses are failing to offer the online experiences Gen Zers and Millennials expect, especially when it comes to payments, reveals a survey by GoDaddy Inc., an Internet domain registry and payments-technology company. While 73% of Gen Zers and 83% of Millennials say a buy online, pickup in-store (BOPIS) option …
Read More »A Reckoning on Wall Street
The payments market is enjoying more vitality and growth than most can remember. So what’s behind the recent market rout? The payments market is enormous and growing. Capgemini forecasts a 15% compound annual growth rate for global noncash digital payments through 2027. The Boston Consulting Group estimates global acquiring revenue …
Read More »Implementing FedNow: Four Considerations
It will take some time and effort, but with proper planning and research financial institutions can minimize the hassles. Many people in banking and financial technology aren’t aware that the word “core” in “core banking provider” started out as an acronym for “Centralized Online Real-time Exchange” (or “Environment”). This “real-time” …
Read More »Securing Merchants in an Inflated Economy
Strategies to Boost Sales and Safeguard Your ISO Business By Matt Nern, Managing Partner, SignaPay Investors received unsettling news recently as U.S. consumer prices for September surpassed expectations, hinting at persistent inflation and sparking debates on another potential interest rate hike by the Federal Reserve in November. The evolving pricing …
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