POS

The point of sale or point of purchase is the time and place where a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer, and indicates the options for the customer to make payment.

Source: en.wikipedia.org

Synchrony to Acquire Ally Financial’s POS Financing Arm
Synchrony to Acquire Ally Financial’s POS Financing Arm
January 19, 2024  |  Acquisitions

Synchrony and Ally Financial have reached a definitive agreement for Synchrony to acquire Ally’s point-of-sale financing business.  This acquisition includes $2.2 billion of loan receivables and relationships with...

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50% of Acquirers Prefer Merchants to Offer Installment Payment Options During Checkout
50% of Acquirers Prefer Merchants to Offer Installment Payment Options During Checkout
January 18, 2024  |  Payment Methods

The use of split-pay plans is already widespread, and the last holiday shopping season was no exception, with consumers relying on different installment plans. The...

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DMI Acquires ZestMoney, Plans to Grow Merchant Network Across India
DMI Acquires ZestMoney, Plans to Grow Merchant Network Across India
January 17, 2024  |  Acquisitions

DMI Group, a pan-India financial services platform, has acquired ZestMoney, a digital credit provider in India.  The acquisition will allow DMI to incorporate the ZestMoney checkout...

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Tower Community Bank Taps FintechOS for POS Healthcare Financing
Tower Community Bank Taps FintechOS for POS Healthcare Financing
January 17, 2024  |  Healthcare Financing

Tennessee-based Tower Community Bank has partnered with FintechOS to launch a point-of-sale (POS) lending platform.  The new Momentum by Tower embedded lending solution enables local businesses to provide financing...

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Tulip Debuts Stripe-Powered Payment Integration Tulip Pay
Tulip Debuts Stripe-Powered Payment Integration Tulip Pay
January 15, 2024  |  Retail

Retail solutions provider Tulip has introduced a new payment integration powered by Stripe. “Tulip Pay is a full-featured payment system that’s simple and quick to deploy, easy to maintain, and...

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HitPay Unveils Mass Payouts for Businesses in Southeast Asia
HitPay Unveils Mass Payouts for Businesses in Southeast Asia
December 11, 2023  |  Payment Methods

Commerce infrastructure provider HitPay has debuted mass payouts in three new countries. Business customers in Singapore — where HitPay is based — Malaysia and the Philippines can now...

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Priority Launches Tech Partnership With Unified Payments Firm Datacap
Priority Launches Tech Partnership With Unified Payments Firm Datacap
November 30, 2023  |  Partnerships

Unified commerce platform Priority Technology Holdings has launched a technology partnership with Datacap. The collaboration will leverage Datacap’s universal payments to help both companies “support thousands of ISOs...

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Biometrics May Be Online Retail’s Ticket to More Sales
Biometrics May Be Online Retail’s Ticket to More Sales
November 24, 2023  |  Retail

Retailers are leveraging innovative solutions, such as biometrics, to enhance convenience, security and personalized services in their day-to-day business. Biometrics systems are gaining popularity as...

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The Challenge of Establishing Trust in the Age of Anonymous Commerce
The Challenge of Establishing Trust in the Age of Anonymous Commerce
November 15, 2023  |  eCommerce

“Trust, in the digital age,” Doriel Abrahams, head of risk in the U.S. at Forter, told PYMNTS, “is a lot different than it used to...

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