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Acquirers Point-of-Sale (POS) Transactions 
Fintech Finance
OCTOBER 2, 2024
Kazang , the prepaid value-added services (VAS) and card acquiring business within JSE-listed fintech Lesaka Technologies, has launched its Kazang Pay card acceptance solution for merchants in Zambia. million debit, credit and ATM cards in issue and 41,000 point of sale (POS) terminals in place.
88 
International Payments Processing
JANUARY 11, 2022
Visa has reminded acquirers that they will prohibit miscoding POS purchase transactions as ATM cash disbursements and submitting POS purchase transactions into the Plus network. Instead, merchants use the devices for purchase transactions, miscoded as ATM cash disbursements.
88 
International Payments Processing
JANUARY 11, 2022
Visa has reminded acquirers that they will prohibit miscoding POS purchase transactions as ATM cash disbursements and submitting POS purchase transactions into the Plus network. Instead, merchants use the devices for purchase transactions, miscoded as ATM cash disbursements.
88 
The Fintech Times
OCTOBER 30, 2024
Bangladesh-based bank, Mutual Trust Bank PLC , has successfully migrated its e-commerce acquiring services to a payment gateway from UK-based paytech Compass Plus Technologies. certification, ensuring secure, seamless transactions.
Fintech Finance
OCTOBER 14, 2024
A new point of sale device optimised for speed, Revolut Terminal will allow businesses to accept payments in seconds and meet the growing demand for quick, reliable point-of-sale (POS) devices. When paying with Revolut Pay, customers can redeem their earned points for discounts on their spending.
PYMNTS
NOVEMBER 19, 2020
global payments service firm SumUp has acquired point-of-sale (POS) software provider Goodtill for an undisclosed amount. The company also acquired Shoplo for eCommerce last year and Debitoor, for accounting and invoicing, in 2018. It also partnered with Google, Facebook and Instagram for gift card collaborations.
64 
PYMNTS
MARCH 3, 2020
Global FinTech payments firm Fiserv announced on Tuesday (March 3) that it has acquired MerchantPro Express to help it advance the merchant services division of its business. Financial terms of the transaction were not disclosed. The acquisition will also help Fiserv grow its partner-based distribution.
63 
Clearly Payments
NOVEMBER 6, 2024
payment processing landscape, covering market size, merchant demographics, transaction volumes, major players, and key trends shaping the industry. The value chain in payment processing involves multiple parties that play specific roles in facilitating transactions. They also set interchange fees that cover transaction costs and risks.
97 
CB Insights
JULY 7, 2021
Pine Labs , a point-of-sale (PoS) fintech company, has raised $600M (INR 44.59B) with participation from BlackRock, Temasek, Fidelity Investments, and Duro Capital, among others. The company has reportedly processed an annualized gross transaction value (GTV) of $1B and payment gateway transactions worth $20.1M (INR 150 crore).
The Fintech Times
JULY 11, 2024
Spending excessively on point-of-sale (POS) terminals can be costly but remains essential for any business to function. Looking to improve payment processing capabilities for merchants and remove this hurdle, Shift4 , the commerce and payments firm has partnered with Phos , the software POS (softPOS) orchestration platform.
59 
PYMNTS
AUGUST 7, 2017
The company said the API is available for all independent software vendors (ISVs) and merchants to process point-of-sale (POS) transactions. The payments landscape continues to change as some payments companies are acquiring ISVs and are thereby integrating vertically.
Fintech Finance
JULY 3, 2024
NIPL), has enabled the acceptance of QR code-based Unified Payments Interface (UPI) payments across Network’s point-of-sale (POS) terminals in the UAE. The initiative will facilitate seamless transactions for Indian tourists across Network International’s vast merchant network in the UAE.
PYMNTS
NOVEMBER 5, 2020
Omnichannel commerce platform Lightspeed is acquiring point-of-sale (POS) firm ShopKeep in a move to advance digital transformation as the pandemic accelerates changes to the buying and selling landscape, according to a press release. million in cash and the issuance of 9.5
EBizCharge
AUGUST 12, 2024
As digital transactions dominate the market, understanding the mechanics of credit card processing becomes essential for businesses and consumers. Intermediaries like merchant acquirers that facilitate these digital transactions play a crucial role. What is a merchant acquirer?
52 
PYMNTS
SEPTEMBER 3, 2020
The rising tide of card-not-present transactions and digital commerce also brings security Issues to top of mind, noted Cole. Loyalty programs, he said, should ideally be part of the point-of-sale (POS) experience, whether a transaction takes place at a brick-and-mortar or digital location.
104 
Stax
APRIL 18, 2024
Accepting credit card transactions is no longer a decision of whether to but rather how to. The parties involved in processing a credit card transaction: Cardholder: The individual or entity holding the credit card and initiating the transaction. Pre-pandemic, 62.3% of consumer payments came through card payments.
88 
PYMNTS
APRIL 20, 2020
Deluxe has a new agreement with Fiserv to provide an updated payment platform, which will allow customers to use the Clover point-of-sale (POS) platform, new online and physical payment options, and gift card options, according to a press release. Fiserv has been busy as of late, acquiring MerchantPro and Bypass Mobile.
VISTA InfoSec
NOVEMBER 9, 2023
In the world of digital transactions, businesses handling payment cards must demonstrate their data security measures through the Payment Card Industry Self-Assessment Questionnaire (PCI SAQ). Your choice depends on your credit card transaction and cardholder data management. Complete reliance on the third-party to manage account data.
130 
PYMNTS
DECEMBER 17, 2020
More than one-third of consumers who buy groceries — 65 million individuals — would be willing to switch to grocers that offer touchless in-store payment technologies, such as digital wallets, QR codes, cards on file and point-of-sale (POS) credit options. The Omnichannel Grocery Report supports Guerra’s observation.
Fintech Finance
FEBRUARY 28, 2024
In a groundbreaking partnership, Eazy Financial Services “EazyPay” , a leading Bahraini financial institute specialized in Point-of-Sale (POS) and online payment gateway acquiring services, has joined forces with Visa , a global leader in digital payments, to enable Visa Direct, a cutting-edge funds transfer solution for EazyPay’s customer base.
Fintech Finance
OCTOBER 24, 2024
million debit and credit cards in Pakistan, there are only 125,593 point-of-sale (PoS) machines. Pakistan is home to approximately 5 million MSMEs, and JazzCash aims to digitize their transactions. This way, we are enabling micro, small, and medium enterprises (MSMEs) to reap the full benefits of the digital economy.”
85 
Finovate
JANUARY 24, 2024
Ingenico’s AXIUM offers a range of point-of-sale (POS) terminals, along with a suite of business applications. Crafting a global solution with real-time transaction visibility and data analytics helps acquirers focus on card clearance and settlement.
Stax
FEBRUARY 15, 2024
FIS Global reports that in Norway, Sweden, and other Scandinavian countries, more than 90% of transactions processed at point-of-sale (POS) in 2023 were cashless. Further, Statista projects that the value of global digital transactions will exceed $11 trillion in 2024.
88 
The Fintech Times
MARCH 7, 2024
Eazy Financial Services , or ‘EazyPay’, a Bahrain-based financial institute specialising in Point-of-Sale (POS) and online payment gateway acquiring services, is joining forces with Talabat , a food delivery and ‘q-commerce’ platform based in the region.
Fintech Finance
JANUARY 15, 2024
(NYSE: JBL) today announced ongoing innovation between its payment solutions business unit and Revolut , a digital banking pioneer and global financial super app provider, to support the neobank’s rapid growth trajectory and global expansion in merchant acquiring.
Clearly Payments
FEBRUARY 14, 2024
In today’s global economy in 2024, the financial transactions has evolved into a dynamic ecosystem, where a multitude of players work together to facilitate fast and secure payment processing. billion by 2027 , reflecting the indispensable role of these technical maestros in managing transaction authorization and settlement.
79 
Stax
AUGUST 1, 2024
Visa’s surcharge rules around disclosure, compliance, options (brand-level/product-level), notifying acquirers, surcharge cap, etc. In essence, customers need to be fully aware that a credit card surcharge will be applied when they checkout at a point of sale (POS). are the most important ones to be mindful of.
88 
Stax
FEBRUARY 26, 2024
Because the transaction takes place through a payment gateway that utilizes data encryption or tokenization to secure sensitive information during transmission, accepting payments using a virtual terminal from Stax (which is PCI compliant) is secure. A contactless virtual terminal can also serve as a backup to your point of sale (POS) system.
88 
PYMNTS
SEPTEMBER 24, 2020
That’s left many small- to medium-sized businesses (SMBs) cash-strapped and looking to bankers, acquirers, ISOs and FinTech partners for help. . . The reality, McFarland noted, is that acquirers, banks and ISOs themselves might not quite be positioned to make that offering to SMBs due to their own legacy technological limitations. . .
105 
The Fintech Times
OCTOBER 3, 2024
Kazang , a prepaid value-added services (VAS) and card-acquiring business, has launched a new card acceptance solution in Zambia, making it more affordable for merchants to accept card payments. million debit, credit and ATM cards in issue and 41,000 point of sale (POS) terminals in place. In Zambia, there are around 3.8
Fintech Finance
MAY 13, 2024
Diebold Nixdorf (NYSE: DBD) , a world leader in transforming the way people bank and shop, today announced that Bankart , the leading payment processing company in Slovenia and the surrounding region, is migrating its payment services by using Diebold Nixdorf’s proven Vynamic® Transaction Middleware.
52 
PYMNTS
AUGUST 15, 2019
It’s easy to forget that, a decade ago, more than 96 percent of retail sales happened in a physical store. The decision to acquire CyberSource was an investment in building value-added services around accepting cards and various forms of digital payments online.”. The Digital Change Of The Commerce Tide (Foreseen And Not).
PYMNTS
FEBRUARY 10, 2020
Indian payment solutions company Innoviti has launched a point-of-sale (POS) solution called Saadhan to give B2B businesses a convenient payments package that meets the regulatory requirements of providing UPI and RuPay acceptance, according to a press release.
56 
Stax
SEPTEMBER 17, 2024
TL;DR A payment gateway is a solution that securely reads and transfers a customer’s payment information to a merchant’s bank account—both for online and in-person transactions. Essentially, it’s a piece of software that creates a secure tunnel for customers to connect with and transfer funds to merchants in online transactions.
PYMNTS
JANUARY 8, 2019
The Reserve Bank of India has released guidelines for what it calls the “tokenization” of debit and credit card transactions, according to reports. Instead of the card’s details, the token will act as the card at point of sale (POS) terminals and quick response (QR) code payment systems.
PYMNTS
MARCH 12, 2020
Denmark payments startup Nets said on Thursday (March 12) that it has acquired Polish merchant acquirer Polskie eP?atno?ci PeP, valued at €405 million, has over 125,000 point-of-sale (POS) terminals and is among the top five largest card payment processors in Poland, its website says.
Stax
APRIL 30, 2024
TL;DR Merchant processing ensures that all entities, such as the issuing bank, the acquiring bank, and the card company, work cohesively to facilitate payments between a customer and a business. This account temporarily holds the transaction funds until the bank verifies the payment. Otherwise, they can also decline the payment.
88 
PYMNTS
OCTOBER 10, 2018
In a press release , the companies said the partnership will also provide BlueSnap with access to First Data’s distribution partners, with First Data serving as BlueSnap’s primary provider for all acquiring, processing and settlement of payment card transaction and related services. “We billion, as compared to consensus of $2.4
65 
PYMNTS
DECEMBER 12, 2016
Time is money — especially when a business needs a point-of-sale (POS) solution up and running. In fact, we have a capability to create tokens off an in-store transaction that can then can be used online for recurring billing or even for the aspect of doing a future purchase for card-on-file type offerings.”.
The Fintech Times
JULY 5, 2024
This has been made possible via Network’s point-of-sale (POS) terminals in the UAE. This initiative ensures seamless and secure transactions for Indian tourists and non-resident Indians (NRIs) across Network International’s merchant network in the UAE. This will, in turn, increase cashless transactions.”
Fintech Finance
MARCH 4, 2024
The Pay by Bank for Point of Sale (POS) solution is provided in collaboration with MultiPay Global Solutions , seamlessly integrating into Unitas’ members’ existing payment infrastructure. Together, we’re driving payment innovations that prioritise seamless transactions and significant cost savings for merchants.”
The Fintech Times
NOVEMBER 12, 2024
His expertise includes building a global M&A team of specialists and successfully completing over 25 major transactions, totalling over $3billion in buy-side and sell-side deals, divestitures and integrations. This collaboration empowers merchants to offer flexible, Sharia compliant payment solutions at the point of sale (POS).
64 
PYMNTS
JULY 27, 2020
For example, only 41 percent of such firms reported adding new digital capabilities to facilitate faster transaction settlements, while just 40 percent said they added technology to attract new customers. One thing Main Street SMBs almost universally agree on is a desire to receive funds from those sales in real time. The Road Ahead.
PYMNTS
FEBRUARY 27, 2018
To help shoppers use gift cards, coupons and loyalty rewards when paying with their mobile phones, Ingenico Group has made Google Pay Smart Tap available on its point of sale (POS) systems in the U.K. For example, Axium, Ingenico’s open Android POS, is built on its Telium Tetra operating system to converge business and payment.
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