With merchant risk being as important for payment facilitators as it is with traditional merchant-services companies, Infinicept, which provides embedded payment services, and LegitScript, a merchant-monitoring service, are collaborating on a new service to provide merchant-monitoring capabilities. Announced Wednesday, the service will enable payfacs, independent sales organizations, and merchant acquirers …

Bluefin Payment Systems LLC is leveraging Visa Inc.’s technology to provide network tokenization through its ShieldConex vaultless-tokenization service. Bluefin will integrate directly with Visa to provide network tokens across card brands. In addition, Bluefin’s payment gateway, PayConex, will have the ability to process network tokens. ShieldConex protects payment and ACH …

Rivalry in the highly competitive restaurant POS systems market got even hotter Monday as PNC Financial Group Inc., announced its acquisition of Linga, a provider of point-of-sale systems for the restaurant and hospitality industry, for an undisclosed sum. The deal will enable PNC to better serve its clients in the …

Mastercard Inc. says the future of payments at the point of sale includes the ability to make a point-of-sale payment using a facial image without having to present a credit or debit card or a mobile device. Under its new Biometric Checkout Program, Mastercard has begun testing the service, the …

By Caleb Avery, Founder & CEO of Tilled While the world of integrated payments has undergone a major shift thanks to payment facilitation, many software companies are still working with legacy processors, like Worldpay, that can only offer antiquated and manual processes. If your B2B software company is working with …

The commerce platform Bolt has agreed to acquire the cryptocurrency provider Wyre to enable consumers to spend crypto at Bolt merchants, which will receive fiat currency. Terms of the deal, which is expected to close before year’s end, were not disclosed.In related news, payments platform Nium said it has partnered with cryptocurrency specialist BitPay to allow …

With online ordering capabilities now table stakes for restaurants, Epos Now, a London-based provider of cloud-based software, announced Monday it is rolling out its Epos Now Delivery application for restaurants in the United States. The decision to launch Epos Now Delivery in the U.S. market was prompted by the massive …

Full-service restaurants, one of the hardest-hit merchant segments at the outset of the Covid-19 pandemic, showed signs of a rebound in 2021, according to research by TouchBistro Inc., a provider of POS and restaurant-management applications. Findings from TouchBistro’s third annual “State of Full-Service Restaurants Report” reveals that 74% of full-service restaurants …

Companies offering payment solutions generally face an important decision in their early days: settling on the right operating model. Should we function as a payment facilitator (payfac) and do everything ourselves? Should we register as an acquirer, ISO, or third-party processor? Should we handle risk and underwriting? How should we …

Sensing an opportunity to expand the reach of its financial services to more small businesses, Intuit Inc. on Tuesday introduced Money by QuickBooks, a mobile app intended to make it easier for small sellers to accept payment, manage their cash flow, and pay bills. Intuit launched the app in response …