Standard Cognition Corp., a San Francisco-based provider of autonomous checkout systems based on artificial intelligence, expects to have the first of Alimentation Couche-Tard’s Circle K convenience stores retrofitted and up and running in early 2021, with potentially dozens more to follow. The first store to adopt the technology will be in …

TouchBistro Inc., a software developer for iPad POS systems in restaurants, on Wednesday announced the acquisition of loyalty marketing application provider TableUp. Terms of the deal were not disclosed.  The acquisition was driven by restaurant requests for ways to market and offer customer incentives to return as restaurants begin reopening …

A deadly disease has proven a boon for some key trends while threatening cash and opening new avenues for fraud. An industry whose closest familiarity with viruses has come from the kind that infects computers has for most of this year had to contend with a pathogen that has sickened …

The pandemic accelerated developing trends at the point of sale. POS vendors that have mastered hardware, software, and processing could be best positioned to benefit. When the novel coronavirus struck in March, it drove consumers into their homes, leading to a surge in e-commerce spending. Brick-and-mortar merchants soon learned the …

Yet another unwelcome effect of the Covid-19 pandemic is a wave of chargebacks. What can acquirers, merchants, and issuers do to limit the damage? An increasingly serious manifestation of the economic damage caused by the Covid-19 pandemic is chargebacks, and plenty of them. With the outbreak freezing the economy for …

We here at Digital Transactions have for the past few months been considering the impact the novel coronavirus is having on the payments business, along with the adjustments the business is making to contend with business lockdowns, stay-at-home orders, and social-distancing recommendations. Now the country is re-opening in many states …

Stories too good to be true often aren’t. The curtain has at long last been pulled back on high-flying payments fintech Wirecard AG. A whopping $2.1 billion in cash on its balance sheet can’t be verified and likely never existed. Chief executive Markus Braun has resigned and was arrested. Chief …

The new regime at unattended-payments provider USA Technologies Inc. is now in place after a proxy fight that deposed the old management team and board of directors, and it’s looking for growth from underexploited opportunities and cost-cutting. “With the uncertainties of the proxy contest now behind us combined with a …

Visa Inc. said its Visa Token Service has now issued more than 1 billion tokens globally, with more than 680 million tokens issued in the past 12 months. Tokens replace Visa account numbers with data strings that are useless if stolen.Authentication services provider Giact released its “The Changing Landscape of Identity Fraud: Fraudsters Strike …

One of the most aggressive—and worrisome—central bank digital currency models is a proposal from law professors Morgan Ricks and John Crawford and lawyer and former regulator Lev Menand that the Fed provide direct banking “FedAccounts” to consumers and businesses. It’s intended to improve payments efficiency and reduce the number of …