In a bid to streamline point-of-sale experiences for small and micro businesses, TD Bank has launched Tap to Pay on iPhone.Through Tap to Pay, business owners can accept a variety of contactless payments directly through their mobile phones, eliminating the need for any additional POS hardware.A recent survey from TD revealed that many small businesses—particularly micro businesses—face challenges in their day-to-day operations because of the lack of necessary payment devices or hardware
Merchants in New York now face a choice: full disclosure of credit card surcharges or eliminating those fees altogether, following a new law that took effect over the weekend
A Square outage last Thursday sent merchants into a financial tailspin, as thousands of Cash App and Square customers were unable to log into their accounts or accept payments.Merchants reported thousands of dollars in lost revenue
Stripe has announced new features within its checkout suite, offering businesses more flexibility, including access to over 100 global payment methods.According to Stripe, businesses can now fully integrate its tools, products, and features without the need to build a proprietary solution from the ground up.“Stripe's new features are part of an effort to help merchants create an optimal checkout experience for each customer while requiring minimal effort from merchants,” said Daniel Keyes, Senior Analyst for Merchant Services at Javelin Strategy & Research.“Merchants are usually not payment experts and don't have time to construct the exact right payment flows for different types of consumers depending on their preferences and geographies, so these new features should boost Stripe's appeal,” he added.According to Abhinav Tiwari, Product Lead for Stripe's optimized checkout suite, the company is one step closer to the ideal checkout experience
Merchants can now accept Apple Pay, Google Pay, open-banking payments, as well as debit and credit cards through one integration, via a Hosted Checkout solution
Shopify is going all in on artificial intelligence (AI) with Shopify Magic, its new suite of AI-enabled features that aim to help merchants in their day-to-day operations.The company unveiled Shopify Magic during its bi-annual Editions conference, and according to TechCrunch, this big push into generative AI “can provide merchants' customers tailored to their conversation histories and store policies, and generate blog post, product description and marketing email content.”Sidekick, a chatbot tool, is one of the prominent features Shopify is spotlighting within Shopify Magic