Lightspeed Commerce Inc. has partnered with golf-course management company GreatLIFE Golf & Fitness to provide point-of-sale technology for GreatLIFE’s GolfBack direct-booking engine. Lightspeed will begin deploying its POS technology at 14 golf courses operated by GreatLIFE in the Kansas City, Mo.-area, with plans to expand the technology to additional GreatLIFE-operated …
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Launched in July, FedNow Hits the 400 Mark in Number of Participating Financial Institutions
FedNow, the real-time payments network operated by the Federal Reserve, announced late Tuesday it has 400 financial institutions participating as senders or receivers after six months of operation. The much-anticipated Fed service launched last July with 35 participating financial institutions. Participating institutions range in size from less than $500 million …
Read More »Lower Costs Plus More Control Could Be Part of Fiserv’s Ambition for a Bank Charter
Giant payment processor Fiserv Inc. wants to take on another aspect of the business with its application for a special bank charter in Georgia. The charter for a merchant-acquirer limited purpose bank, if approved, would enable Brookfield, Wis.-based Fiserv to interact with card networks directly instead of operating through a …
Read More »Payroc Launches PayByCloud in a Move to Simplify Processing for ISVs
Payments-platform provider Payroc LLC has launched PayByCloud, low-code, semi-integrated technology for independent software vendors that establishes a cloud-based connection between Payroc’s application hosted on a payment device and the Payroc gateway. PayByCloud is intended to eliminate the friction of connecting software to payment devices in the cloud, without the need …
Read More »MagicCube’s iAccept Gets a Shot in the Arm Via a Shift4 Partnership
MagicCube Inc. has partnered with processor Shift4 Payments Inc. to make its iAccept softPOS application available to Shift4 merchants. MagicCube’s i-Accept app turns Android smart phones and tablets into PCI-compliant payment devices that can accept contactless payments using tap-to-pay with or without a PIN. The deal is considered a boost …
Read More »NRF News: NCR Voyix’s Self Checkout; Equinox’s New Terminal
With a variety of checkout strategies confronting merchants, NCR Voyix, which styles itself the “world’s largest self-checkout vendor,” has launched new self-checkout technology that relies on a software-as-a-service foundation that enables stores to offer barcode scanning, contactless payments, and other features. The company’s announcement came on the opening day of …
Read More »Despite Musk’s Bravado, X Faces an Uphill Battle in Launching Its P2P Network
Despite its formidable reach, the social-media platform X faces a steep climb to achieve its goal of launching a peer-to-peer payments service, according to payments experts. X, formerly known as Twitter, announced in a blog post earlier this week its plans to add P2P payments to its platform this year …
Read More »Merchants Nudge Congress to Vote on the CCCA As Members Reconvene for 2024
The battle between merchants, on one hand, and financial institutions and payment networks, on the other, over the Credit Card Competition Act continues to heat up. The Merchants Payments Coalition on Thursday sent a letter to Congress signed by nearly 2,000 merchants, including hundreds of small businesses, calling on legislators …
Read More »Tap to Pay on Android Comes to GoDaddy Merchants
Web services and payments provider GoDaddy Inc. released its Tap to Pay on Android point-of-sale service for merchants, complementing the Tap to Pay on iPhone technology it already offers. Tap to Pay on Android enables merchants to use consumer-grade smart phones as contactless payment-acceptance devices without a need for separate …
Read More »Eye on BNPL: Affirm Adds Vacation Property Rental Firm Evolve; ePay Policy Rolls Out BNPL for Premiums
Affirm Holdings Inc. has extended its reach into the vacation-property rental market through a partnership with Evolve Vacation Rental. Consumers renting vacation properties through Evolve can use Affirm as a payment option for bookings exceeding $500. Consumers pay in monthly installments and as little as 0% interest. Evolve says it …
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