After the pandemic struck a year ago, stores scrambled to install technology to support a wide range of payment options, including tap-and-pay, to reassure skittish consumers. But now a new report indicates those efforts may not have gone as far as many have assumed, particularly in the area of contactless …
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Flywire Tenders SEC Filing for Possible IPO and other Digital Transactions News briefs from 3/12/21
Payments provider Flywire Corp. has submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission in support of a proposed initial public offering.The Children of Restaurant Employees nonprofit is meeting pandemic claims from displaced restaurant workers via grant disbursements on gift cards from Blackhawk Network. Prepaid and gift card …
Read More »How Covid Changed Payment Processing
Thirteen months ago, processors were on cruise control when it came to servicing merchants. Then, the pandemic struck and upended their business model. How have they adapted to the new normal? For payment processors, the past 12 months have given a whole new meaning to the phrase “dynamic industry.” The …
Read More »AeroPay Enters Online Cannabis Payments with Olla and other Digital Transactions News briefs from 2/16/21
AeroPay, a fintech that provides payment processing service to cannabis businesses, said it and Olla, an e-commerce platform for cannabis retailers, will offer online payments. AeroPay will be integrated as a cashless payment method to consumers ordering online through white-labeled e-commerce sites provided by Olla. Payments are made via bank-to-bank …
Read More »With Google Cloud’s Technology, Global Payments Looks for a ‘Substantially’ Expanded Merchant Base
Global Payments Inc. will move its acquiring technology to Google Cloud and serve as a worldwide merchant acquirer for Google under a sweeping agreement announced Monday morning. The pact will also allow Global’s merchant clients to access a long list of Google Cloud services, ranging from payments to data and …
Read More »Mercatus Adds Online SNAP Option and other Digital Transactions News briefs from 1/28/21
Grocery commerce provider Mercatus launched its SNAP EBT Online service that enables recipients of Supplemental Nutrition Assistance Program benefits to order and pay for groceries online.Alliance Data Systems Corp. said its Bread unit is licensing its payments technology to Royal Bank of Canada to support the bank’s PayPlan point-of-sale installment-lending service. Alliance Data …
Read More »Diebold Launches Self-Service POS Stations and other Digital Transactions News briefs from 1/26/21
Diebold Nixdorf Inc. released the DN Series Easy suite of self-service point-of-sale stations. The products employ a modular design, enabling merchants to customize the products to their needs.InComm Payments has partnered with hospitality company Delaware North to implement the InComm cashless payment solution at select sports venues where Delaware North operates food …
Read More »Nuvei Lands Tennessee Sports-Betting OK and other Digital Transactions News briefs from 1/21/21
Nuvei Corp. said a wholly owned subsidiary has been approved to process sports-betting transactions in Tennessee, where sports wagers have been legal since 2019. Previously, Nuvei received approval to process sports betting in Colorado, Indiana, and West Virginia.Point-of-sale system provider Revel Systems said majority owner Welsh, Carson, Anderson & Stowe made another investment …
Read More »Burger King Taps Venmo in Promotion and other Digital Transactions News briefs from 12/21/20
Fast-food chain Burger King is depositing $1 into random Venmo accounts to promote the chain’s $1 Your Way Menu, which features all items at a price of $1. Venmo is a peer-to-peer payments provider owned by PayPal Holdings Inc.Blackhawk Network said it has added a capability to order gift cards for curbside pickup …
Read More »BitPay And Slide Mobile Look to Rewards to Spur Everyday Cryptocurrency Spending
Startup Slide Mobile is betting that consumer’s love of rewards, coupled with the growing momentum behind cryptocurrency as a contactless payment option during the Covid-19 pandemic, will entice more consumers to use its mobile-payments app. Slide announced this week it is partnering with BitPay Inc., an Atlanta-based processor that offers …
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