Mobile payments

Mad Mobile to Acquire CAKE, a Sysco Company

Thursday, August 6, 2020 - 7:30pm

TAMPA, Fla., Aug. 6, 2020 /PRNewswire/ --Mad Mobile, Inc., a leading mobile platform for enterprise restaurants and retailers, today announced it has signed an agreement to acquire CAKE, a restaurant technology company based in Silicon Valley and owned by Sysco Corporation (NYSE: SYY).

Key Points: 
  • TAMPA, Fla., Aug. 6, 2020 /PRNewswire/ --Mad Mobile, Inc., a leading mobile platform for enterprise restaurants and retailers, today announced it has signed an agreement to acquire CAKE, a restaurant technology company based in Silicon Valley and owned by Sysco Corporation (NYSE: SYY).
  • The transaction will accelerate Mad Mobile's vision to deliver a next-gen POS solution featuring a modern architecture and mobile capabilities.
  • Mad Mobile will fully support CAKE's existing customer base while expanding the CAKE offering to include new modules such as Mobile Ordering, Contactless Payment, and Curbside Pickup.
  • Mad Mobile has been a great partner of Sysco for six years and they share our passion for the restaurant experience," said Michael Foster, Sysco's Chief Information and Technology Officer.

The Paystand Zero Card, the Most Versatile ePayable Ever, Available Today

Thursday, August 6, 2020 - 6:00pm

With robust functionality to support several use cases across expense management, fund disbursement, and bulk card creation, the Zero Card is the most versatile ePayable ever made.

Key Points: 
  • With robust functionality to support several use cases across expense management, fund disbursement, and bulk card creation, the Zero Card is the most versatile ePayable ever made.
  • View the full release here: https://www.businesswire.com/news/home/20200806005265/en/
    The Paystand Zero Card is the first corporate card with no-fee payment options for businesses.
  • "The Zero Card combines the consumer-like experience of peer-to-peer payments with the speed and security of Paystand's no-fee payment network," said Jeremy Almond, CEO of Paystand.
  • With Paystand's significant presence in the Accounts Receivable (AR) space, the Zero Card will help expand the footprint of virtual cards by over 140,000 businesses.

Kroger Launches Contactless Payments Pilot in QFC Division

Thursday, August 6, 2020 - 6:00pm

CINCINNATI and SEATTLE, Aug. 6, 2020 /PRNewswire/ --The Kroger Co. (KYSE: KR) today announced the launch of a contactless payments pilot across the QFC division, located in Seattle, Wash., allowing customers to use their mobile device for a more seamless checkout experience.

Key Points: 
  • CINCINNATI and SEATTLE, Aug. 6, 2020 /PRNewswire/ --The Kroger Co. (KYSE: KR) today announced the launch of a contactless payments pilot across the QFC division, located in Seattle, Wash., allowing customers to use their mobile device for a more seamless checkout experience.
  • The pilot includes the acceptance of Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, mobile banking apps and contactless chip cards, underpinned by near-field communication (NFC) technology.
  • "QFC is excited to pilot contactless payments powered by NFC technology, providing our customers with an additional way to pay for their fresh food and household essentials," said Chris Albi, president of QFC.
  • Kroger's technology team recently enabled NFC payments at 61 QFC stores.

Coronavirus Leads to More Use of Contactless Credit Cards and Mobile Payments Despite Cost and Security Concerns

Thursday, August 6, 2020 - 4:42pm

While mobile payments and contactless cards have accounted for a minority of payments in the past, the pandemic has clearly driven consumers to change their behavior and retailers to accelerate their adoption of the technology.

Key Points: 
  • While mobile payments and contactless cards have accounted for a minority of payments in the past, the pandemic has clearly driven consumers to change their behavior and retailers to accelerate their adoption of the technology.
  • And the card industry should not take advantage of this situation to rake in extra fees merchants would not pay otherwise.
  • Card processing fees already drive up costs for retailers by far too much and ultimately increase prices paid by consumers.
  • Among retailers that had implemented contactless payments, 94 percent expect the increase to continue over the next 18 months.

Venture Firm Draper Goren Holm Buys Another Round of Giftz

Wednesday, August 5, 2020 - 5:45pm

While other Venture Programs have paused, Draper Goren Holm, a partnership between Tim Draper, Alon Goren, and Josef Holm, has doubled down on Giftz, a fintech startup that will provide true value to merchants and their customers post COVID-19.

Key Points: 
  • While other Venture Programs have paused, Draper Goren Holm, a partnership between Tim Draper, Alon Goren, and Josef Holm, has doubled down on Giftz, a fintech startup that will provide true value to merchants and their customers post COVID-19.
  • Josef Holm, Founding Partner of Draper Goren Holm states, "While many startup models weren't ready for a pandemic, Giftz' mobile, contactless, pay-with-points solution is perfectly positioned for a post-coronavirus economy."
  • The Draper Goren Holm investment comes at the heels of Giftz' new partnerships with Blackhawk Network (eGift cards), WorldPay (cc processing), Ipsidy (facial biometric KYC verification) and an investment from senior payments executive Phil Kumnick who designed the settlement and FX processing at MasterCard.
  • Mr. Kumnick, a Giftz Advisor, also led the merchant acceptance initiatives for the launch of ApplePay as Senior Vice President Global Acquirer Processing at Visa.

Global Direct Carrier Billing Market to 2027 - COVID-19 Impact and Analysis - ResearchAndMarkets.com

Wednesday, August 5, 2020 - 5:25pm

The "Direct Carrier Billing Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type; Platform; End User" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Direct Carrier Billing Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type; Platform; End User" report has been added to ResearchAndMarkets.com's offering.
  • The direct carrier billing market has risen at an exceptional rate over the years in the developed, as well as in developing, countries worldwide.
  • In addition, the telcos are also showcasing tremendous interest in the development of direct carrier billing system over the years, which has also reflected positive growth in the direct carrier billing market.
  • All these factors are anticipated to impact the growth of the global direct carrier billing market, especially in 2020 and 2021, depending on the duration of the outbreak.

SmartMetric Biometric Contactless Credit and Debit Cards Are the Perfect Solution for No Keypad Touch Card Transactions

Tuesday, August 4, 2020 - 8:09pm

While most credit and debit cards are now what is called contactless, the contactless transaction is dollar amount limited.

Key Points: 
  • While most credit and debit cards are now what is called contactless, the contactless transaction is dollar amount limited.
  • Low transaction limits along with the need to touch the checkout keypad dont make contactless card transactions as they are now designed an answer to true non-touch card usage at the checkout.
  • The SmartMetric biometric credit and debit card is the perfect solution for true non-contact card use.
  • With its built-in fingerprint sensor on the card that scans the card holders fingerprint when they touch the surface of their card.

Contactless debit transaction numbers still remain elusive

Tuesday, August 4, 2020 - 8:00pm

While reports and surveys proclaim cardholders' interest in contactless technology, the actual number of contactless debit transactions authorized on a contactless card or mobile app remains elusive.

Key Points: 
  • While reports and surveys proclaim cardholders' interest in contactless technology, the actual number of contactless debit transactions authorized on a contactless card or mobile app remains elusive.
  • This report, COVID-19: The Power Behind Contactless , considers the available market data and Mercator Advisory Group research to better understand the level of contactless payment activity and the degree to which COVID-19 is affecting its growth.
  • While adoption of contactless by merchants has also been growing, it will likely create higher card processing fees.
  • Contactless transactions are often routed through the global networks, which may be more expensive than an EFT debit network transaction.

Contactless Payments Before COVID-19 and Amid the Pandemic, 2020 Report

Tuesday, August 4, 2020 - 5:30pm

DUBLIN, Aug. 4, 2020 /PRNewswire/ -- The "COVID-19: The Power Behind Contactless" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Aug. 4, 2020 /PRNewswire/ -- The "COVID-19: The Power Behind Contactless" report has been added to ResearchAndMarkets.com's offering.
  • While reports and surveys proclaim cardholders' interest in contactless technology, the actual number of contactless debit transactions authorized on a contactless card or mobile app remains elusive.
  • This report considers the available market data and research to better understand the level of contactless payment activity and the degree to which COVID-19 is affecting its growth.
  • Cardholder interest in contact-free transactions, including recent survey data collected in June 2020, measures the increased use of contactless by current users and new users.

Paystri and Paerpay Announce Integrated Partnership Enabling Contactless Restaurant Payments

Tuesday, August 4, 2020 - 3:35pm

Paerpay enables restaurant operators to provide simple, safe, and contactless payment experiences for guests via mobile devices.

Key Points: 
  • Paerpay enables restaurant operators to provide simple, safe, and contactless payment experiences for guests via mobile devices.
  • Through its partnership with Paystri, Paerpay provides restaurant operators advanced solutions for accepting contactless payments.
  • Our integrated payments partnership with Paystri further enables our shared promise of delivering comprehensive and seamless payment experiences."
  • Paystri Founder and CEO, Jonathan Arst, comments, "We're excited to integrate the Paystri Payment Platform with Paerpay's technology to streamline restaurant payments.