Payments News

On The Web

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Domains

EMVCo to Support Eight-digit Issuer Identification Numbers From 2021

“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”.”
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Domains

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

“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 […]
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Deals

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 […]
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Companies

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 […]
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Domains

POS Providers Invite Developers To Attract More Merchants

“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 […]

On The Wires

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