Payments News

On The Web

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Tech

Nine Out of 10 UK Card Payments in 2020 Were Contactless

“Contactless payments accounted 88.6% of total card payments in 2020 as restrictions on contact-based payments drove people to the payment method, according to data from Barclaycard. Despite many shops closing for long periods during various lockdowns to reduce the spread of Covid-19, the total value of contactless payments increased by 7% in 2020 compared to […]
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Tech

Hudson Taking Flight With Amazon Cashierless Store Platform

“A second travel retailer is bringing the Amazon “Just Walk Out” technology solution to airport stores. Hudson, a leading travel retailer with more than 1,000 stores in airports, commuter hubs and tourist destinations across North America, has entered into an agreement to use Amazon’s Just Walk Out platform in select travel convenience stores.”
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Deals

WSJ News Exclusive | NCR in Talks to Buy Cardtronics

“NCR Corp. is in talks to buy Cardtronics PLC , according to people familiar with the matter, seeking to snatch it away from a pair of investment firms including private-equity giant Apollo Global Management Inc . that earlier agreed to buy the ATM operator. Cardtronics said Thursday it had received an unsolicited bid worth $39 […]
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Tech

In 2020, QR Codes Finally Became Cool

“The quick response (QR) code has become one of the biggest symbols of the pandemic.  According to the latest Juniper Research report, some 5.3 billion QR code coupons will be redeemed by smartphones by 2022. This figure has been greatly boosted by the steep rise in QR code usage. And according to Statista, by the […]
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On The Wires

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Tech

Fiserv Expands Surcharge-free MoneyPass ATM Network to Capital One Customers

“Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, announced today a new agreement with Capital One that will offer customers secure, convenient, surcharge-free access to their funds at thousands of ATMs across the nation. The agreement will add more than 1,500 Capital One ATMs at Capital One branches, […]
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Tech

BlockApps and Schweitzer Laboratories partner to build campaign finance compliance system, 4US, restoring trust and confidence in the political financing process

“Campaign finance is central to the functioning of America’s democratic system, yet it is wrought with public mistrust. A 2019 Gallup study found that only 20% of Americans are satisfied with the nation’s campaign finance system. While much focus has been put on proposed adjustments to the regulatory regime through policy initiatives, little attention has […]
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Deals

Paxos Raises $142 Million in Series C Funding

“Paxos, the first regulated blockchain infrastructure platform, today announced it has closed a $142 million Series C round of funding. Declaration Partners , the investment firm backed by the family office of David M. Rubenstein, led the round, which includes investments from Mithril Capital , PayPal Ventures , RIT Capital Partners plc , Ken Moelis, […]