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September 2, 2020

On the wires

Sezzle Activates Google Pay and Apple Pay, Extending its Reach into In-Store Retail

“Sezzle, Inc. (ASX:SZL), leading US-based installment payments platform, today announced the release of its virtual card for shoppers, enabling millions of Sezzle customers to pay using interest-free installments both in-store and online. The Sezzle Virtual Card will allow brick and mortar retailers that already support Apple Pay and Google Pay an easy way to offer Sezzle’s Buy Now, Pay Later solution to their customers.”

August 24, 2020

On the wires

Visa Invests in MagicCube’s Contactless SoftPOS & PIN Platform and Its Differentiating Software Defined Trust (SDT)

MagicCube , the creator of the world’s only Software Trusted Execution Environment platform, today announced a strategic investment from Visa. Visa, which previously invested in the company, is renewing its support for MagicCube with this latest financing as the company continues to gain momentum in global partnerships and customers to bring its virtual TEE-based platform and solutions to scale.”

August 12, 2020

On the wires

SpotOn Acquires Seatninja to Help Restaurants Adapt and Thrive in Today’s New Paradigm

“SpotOn Transact, Inc (“SpotOn”), a leading software and payments company, announced it has acquired Seatninja, a reservation management company whose technology stack helps restaurants connect with their customers and grow revenue. This acquisition represents another step by SpotOn to help restaurants transform how they do business and adapt to consumers’ demands during the pandemic and beyond.”

August 11, 2020

On the wires

Shift4 Payments and Uber Eats Announce Partnership to Provide Integrated Online Ordering and Delivery Experience for Restaurants

“Shift4 Payments, the leader in integrated payment processing solutions, and Uber Eats today announced that the on-demand food delivery platform will be available through Shift4’s Marketplace, providing a seamless integration for Shift4’s restaurant clients. This partnership will enable a streamlined onboarding process and a fully integrated ordering experience for restaurants and consumers.”

July 30, 2020

On the wires

Lightspeed Launches New Features to Drive Digital Transformation of Retail SMBs

“As SMBs navigate a new retail landscape permanently altered by COVID-19, technology adoption is pivotal to business success. Today, Lightspeed announces new features to help its customers with the continued digital transformation of their businesses. The new tools offer increased mobility when processing transactions, more options for viewing business insights, and will better support SMBs as they continue to adjust to consumer behaviour. In the coming weeks, Lightspeed will introduce business-empowering features for in-store POS and eCommerce, including Mobile Tap supporting curbside pick-up and contactless payment, Digital Wallet, and Analytics Core.”

July 24, 2020

On the web

UK Retail Spending Rebounds to Near Pre-lockdown Levels


“British retail sales jumped back almost to pre-coronavirus lockdown levels in June when non-essential stores in England reopened, giving a boost to beleaguered clothing stores. Sales volumes in June leapt by 13.9% from May, above all forecasts in a Reuters poll of economists. A 70% surge in clothing and footwear sales reversed much of their slump in recent months, though the sector remains one of the worst hit, with spending 35% below pre-pandemic levels.”

July 6, 2020

On the wires

ALDI Nord Moves In-Store Acquiring in Germany to Fiserv

Fiserv, Inc., a leading global provider of payments and financial services technology solutions, today announced that ALDI Nord has selected Fiserv to enable all in-store card payments across its flagship German market. In the interest of its customers, ALDI Nord, a global leader in the food industry, decided at the end of June to transfer its entire in-store acquiring volume in Germany to a new provider on short notice. In just four days, ALDI Nord and Fiserv reached an agreement, and Fiserv began processing payments for more than 2,250 ALDI Nord locations in Germany within 12 hours of the agreement being signed. Payments are processed via TeleCash from First Data GmbH, now Fiserv.”

Merchant Transaction Volume Continues to Grow

“Shift4 Payments, the leader in integrated payment processing solutions, has revealed that merchant transaction volume continues to increase across the country despite surging cases of the novel coronavirus. In the third of a series of updates since the pandemic began to impact the United States, the data suggests that businesses are finding ways to drive sales even in the face of difficult economic and social conditions. Shift4’s transaction data, posted daily on www.Shift4Cares.com, indicate that 43 states are 10% or more above their transaction volumes from the last week in May, which were already significantly higher than the low point in late March.”

June 17, 2020

On the web

Record Gain in U.S. Retail Sales Offers Hope of Faster Recovery

Bloomberg (paywall)

“American consumers are getting their groove back as a record surge in May retail sales offered some hope of a quicker recovery from the pandemic-induced recession. The 17.7% advance from the prior month, to $485 billion in receipts, was the biggest gain in data going back to 1992, following unprecedented declines in the prior two months, according to Commerce Department data out Tuesday.”

June 9, 2020

On the wires

VizyPay Launches First Cash Discount App for Clover POS Systems to Lower Monthly Processing Fees for Small Businesses and Offer Savings for Customer Cash Payments

VizyPay , an award-winning leader in the payment processing industry for small businesses, today announced the launch of its first Cash Discount app for Clover point of sale (POS) systems. Available on the Clover App Market, the app provides merchants with a new way to offer a discount for customers who pay in cash, while also potentially saving up to 100 percent of their monthly processing fees. The new app is an extension of VizyPay’s Cash Discount Program, which provides small business owners with unlimited credit card processing for one flat, low monthly fee, and is free to any Cash Discount Program customer.”

May 7, 2020

On the wires

Stripe Newsroom: QuadPay Builds New Installment Model With Stripe Issuing

“QuadPay, the payment installment platform, is partnering with Stripe to power advanced buy-now-pay-later experiences that boost conversion and let consumers start shopping instantly both online and in-store. Built on Stripe’s issuing infrastructure, QuadPay enables consumers to start shopping in installments anywhere Visa is accepted and powers buy-now-pay-later experiences that boost sales by more than 20% on average.”

May 4, 2020

On the web

Visa Will Postpone Its Fuel-Pump EMV Liability Shift for Six Months, C-Store Group Says

Digital Transactions

“Visa Inc. has informed petroleum retailers that it will delay its planned EMV fuel-pump liability shift set for October until April 17, 2021, the convenience-store trade group NACS disclosed Friday. “The network’s delay was in response to letters NACS sent on behalf of its retail members to the four global networks requesting a delay of the October deadline, given the extreme disruption to the workforce and supply chain due to the coronavirus pandemic,” Alexandria, Va.-based NACS said in a news release.”

On the wires

Shopify Launches All-new POS Globally to Help Merchants Adapt for the Future of Retail

“Today, Shopify launched a fully rebuilt and reimagined Shopify POS to merchants around the world. The all-new Shopify POS unlocks the power of omni-channel for businesses by bringing in-person and online sales together in one place. Shopify POS is now poised to help merchants stay flexible and resilient in the face of challenges to their business today and the ever-changing retail landscape ahead.”

April 29, 2020

On the wires

Paytronix Secures $10 Million

“Paytronix Systems, Inc., the most advanced digital guest experience platform, today announced that it has secured an additional $10 million in funding, led by Great Hill Partners and the company’s cofounders. The funding is designed to ensure that Paytronix is on sound financial footing and will continue to provide its restaurant, convenience-store, grocery, and retail clients with the communications tools necessary during this unprecedented COVID-19 pandemic.”

April 21, 2020

On the wires

Deluxe and Fiserv Launch Merchant Services Offerings for Deluxe Small Business Customers

“Today, Deluxe (NYSE: DLX), a Trusted Business Technology™ company, and Fiserv (NASDAQ: FISV), a leading global provider of payments and financial services technology, announced a new relationship to bring merchant services to Deluxe small business customers. Deluxe customers will now have access to the market-leading Clover® point-of-sale platform, robust physical and online payment processing capabilities, gift card services and much more. Deluxe Merchant Services, powered by Fiserv, is a natural extension to the existing Deluxe portfolio, which enables customers to make outbound payments. Now with this Fiserv technology, Deluxe can help customers accept payments, offering an end-to-end payables and receivables solution.”

April 1, 2020

On the web

Department Store’s Tough Times Continue: S&P 500 Index Drops Macy’s

Retail TouchPoints

“Macy’s is one of many retailers reeling from the COVID-19 outbreak, furloughing most of its 130,000 employees after closing its 800+ stores. But the effects also have hurt Macy’s status as a U.S. business power player: the department store is being removed from the S&P 500 Index. Macy’s will be replaced by air conditioning company Carrier Global, according to S&P Dow Jones Indices, which oversees the index.”

March 10, 2020

On the wires

Ingenico Chalks up a Record Number of Micro-donations on Its Payment Terminals in 2019

“Convinced that the payment process, which is rooted in the day-to-day life of consumers, has to be responsible, Ingenico set itself the task of giving it a new role: a process that has a positive impact on society as a whole. The Group therefore introduced – first in the United Kingdom in 2011 – the option of making a micro-donation through the payment terminal while making a purchase. This initiative was extended to France in 2015 and then to Spain in 2018.”

January 9, 2020

On the web

Lightspeed to Acquire Germany’s Gastrofix to Snag More European Customers


“The purchase will allow Lightspeed to obtain more than 8,000 of Gastrofix’s European customer locations, expand to key regions across Europe, and solidify a stronger presence in Germany, Austria, and Norway. A spokesperson for Lightspeed told BetaKit that all Gastrofix’s team will be joining Lightspeed under the terms of the acquisition, as Lightspeed takes over its Berlin and Hamburg offices.”

November 11, 2019

On the web

Amazon Will Launch New Grocery Store As Alternative to Whole Foods


Amazon on Monday said it plans to open its first new brand of grocery store in California next year, as it amps up its ambitious push to become a bigger name in food. “Amazon is opening a grocery store in Woodland Hills in 2020,” an Amazon spokesperson confirmed to CNET on Monday morning, soon after the company published four new jobs postings for the location. Woodland Hills is a neighborhood in Los Angeles.”

September 16, 2019

On the web

POS Providers Invite Developers To Attract More Merchants

Digital Transactions

“As integrated payments continue to garner more interest from payments companies amid increasing merchant demand, two point-of-sale system providers are making it easier for developers to create software programs for merchants.  Revel Systems Inc. last week launched Revel Integrated , a program that offers developer tools and infrastructure to integrate their work into the Revel POS system. And Square Inc. in August debuted Orders API , a service that opens the Square platform to outside developers for the first time.”

September 9, 2019

On the wires

September 4, 2019

On the web

U.S. Merchants Enabled 600,000 New Locations for Chip Card Acceptance in 2019’s First Half

Digital Transactions

“U.S. merchants added 600,000 locations for EMV chip card acceptance in 2019’s first six months, and Visa issuers cranked out an additional 10 million EMV payment cards, according to new figures from Visa Inc. In its latest update on the U.S. conversion from magnetic-stripe payment cards to the EMV chip card standard, Visa reported Wednesday that 3.7 million U.S. locations in June accepted EMV cards, compared with 3.5 million in March and 3.1 million last December. Some 80% of storefronts now accept chip cards, up from 75% and 68% in March and December, respectively, according to Visa.”

August 15, 2019

On the web

EMVCo to Support Eight-digit Issuer Identification Numbers From 2021

NFC World

“EMVCo is to add support for eight-digit Issuer Identification Numbers (IINs) in 2021, with the result that “point of sale terminals may need to be updated to ensure they recognise and have the ability to process both existing and longer IINs, or transactions may be terminated or processed incorrectly”.”

July 15, 2019

On the wires

Pundi X Successfully Completed Its Integration Support for Verifone X990 to Enable Crypto Payments in Traditional POS Terminals

“Through the XPOS module installed, the Verifone X990 will function just like the XPOS, as all of its features will be installed in the traditional terminals. Consumers with Pundi XPASS cards or the XWallet app will be able to transact with retailers using the X990 just as they would with XPOS partner merchants. The XPOS will automatically provide an exchange rate between fiat and cryptocurrencies during the transaction, making it as seamless as possible for both consumers and merchants. The XPOS integration is an essential step to link the Pundi X payment ecosystem with one of the most extensive payment networks in the world. To have XPOS module in X990 and other upcoming Android-based POS models, merchants will be required to contact their local VeriFone or Pundi X distributors for installation.”

July 2, 2019

On the web

Unified Cashless Payment System Rolled Out at 500 Hawker Stalls Across Singapore

The Straits Times

The solution, provided for by Nets , unifies payments from 23 providers, so dining customers can use different cashless payment options at a single payment terminal at a food outlet. This also saves hawkers the hassle of dealing with multiple e-payment firms. These include e-wallets like Singtel Dash and GrabPay, transport cards EZ-Link and Nets FlashPay, and credit cards such as Visa and Mastercard.”

June 26, 2019

On the wires

Uber Eats Partners With Olo to Simplify Third-Party Delivery for Thousands of Restaurants


Uber Eats today announced it has partnered with Olo , the leading digital food ordering platform for the restaurant industry, to integrate directly into the point-of-sale (POS) of leading restaurant brands via Olo Rails. An important distinction for restaurant brands, this partnership allows orders placed by consumers on the Uber Eats website or app to be injected directly into the order stream at the restaurant, drastically improving order accuracy and operational efficiencies for restaurant operators.”

June 12, 2019

On the web

Stripe Says Its POS Software Is Now Available for Apps And Devices

Digital Transactions

“Online-payments provider Stripe Inc. made good on its promise to offer its processing software to in-store merchants with the release Wednesday of a slew of software and two pre-certified devices. Founded in 2011 as an online payments company, San Francisco-based Stripe announced in September it would add in-store payment acceptance. At that time, Stripe said the ideal customer is one that already uses Stripe for online payments. Prior to that, Stripe purchased Index Inc. , a company that specialized in point-of-sale technology, including software that speeds up EMV transactions.  

June 7, 2019

On the web

Square Aims To Declutter the Restaurant Point of Sale—And Stay Ahead of Merging Competitors

Digital Transactions

“Merchant processor Square Inc. is making it easier for its restaurant clients to use third-party delivery services, while at the same time fortifying itself against bigger merchant acquirers slated to merge into even bigger ones. San Francisco-based Square, which has its own restaurant delivery, pick-up, and catering service called Caviar, on Thursday announced integrations for its Square for Restaurants payment and business-management service with delivery services Postmates Inc. and DoorDash Inc. The company also said Square for Restaurants is now integrated with Chowly Inc., a Chicago-based software provider that feeds third-party delivery orders into restaurants’ point-of-sale systems, including those from Grubhub and Uber Eats.”

June 4, 2019

On the web

Walmart Emphasizes Omnichannel With Canadian ‘Urban Superstore’

Retail Touch Points

Walmart will update an existing Toronto location with a new “Urban Superstore Concept” designed to meet the needs of young city-dwelling families. The location will feature tighter e-Commerce integration, more in-store technology and an improved product assortment, among other enhancements. One of the store’s key features is Fast Lane checkout technology, which leverages the My Walmart app to let shoppers scan products on their own mobile devices as they shop. The order is automatically billed to a credit card on file, and the customer only needs to show the receipt to an associate to check out. Use of the Walmart app will be further encouraged through store-specific deals and free in-store WiFi and phone chargers.”

May 20, 2019

On the web

Lamps Plus Deploys Omnichannel-Enabled POS

Retail Touch Points

“The POS solution is designed to bring together selling, customer engagement, store inventory and fulfillment functionalities to help store teams deliver customer experiences with a single omnichannel system of record. Additionally, the move allows Lamps Plus to choose from among numerous hardware manufacturers, form factors and operating systems.”

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