365 Retail Markets announced the Acquisition of Stockwell

Cision PR Newswire | August 14, 2020

365 Retail Markets announced today the acquisition of the smart-store technology company, Stockwell of Oakland, California. Stockwell has gathered some of the best minds to build a retail platform that focuses on artificial intelligence, machine learning and computer vision. 365 intends to hire select team members and integrate the technology platform into its industry leading 365 Point of Sale systems. The future of retail is unattended, no doubt. By adding the excellent Stockwell tech platform to the 365-product ecosystem we are moving closer to our goal of a low-cost, frictionless retail experience. I am very impressed with the team that built the technology and we are putting our integration plans together so we can continue to dominate our current channel and look to other channels for future growth," said Joe Hessling, 365 Retail Markets, CEO.

Spotlight

Read about our half-day workshop Bright and early on Wednesday 19th February, the Screen Pages team was joined by Adyen, Avalara and Brightpearl at dotdigital’s offices. Our joint event, sponsored by our long-standing stellar hosting provider Aptum, was intended to give best-practice information and advice to merchants wanting to expand globally. at dotdigital: https://www.screenpages.com/events/go...


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POS SOLUTIONS

Sionic Launching Free CODE Pay Mobile App for Local Merchants

Sionic | July 13, 2022

Sionic , a leading provider of omni-commerce, consumer-to-business payments solutions, today announced it is launching a free mobile app for local merchants to accept real-time, bank-to-bank, lower-cost cash deposits from customers at the point of sale. “We are excited to give local merchants a fast and easy way to accept real-time payments from customers, The app works with any point of sale and also gives merchants a simple way for customers to order and pay ahead for either in-store or takeout consumption.” -Erica Burris, VP Strategy and Product for Sionic. CODE Pay uses Sionic’s new Pay-by-Bank solution enabling real-time cash deposits for merchants at checkout while bypassing expensive card swipe fees. The mobile app and service helps local merchants combat inflation by offsetting rising labor and food or merchandise costs. Sionic is also offering local merchants a bundled service for convenient processing of both bank and card payments with consolidated, instant reporting and analytics all from their mobile device using CODE Pay. About Sionic- Atlanta-based Sionic is leading The Great Reallocation in digital payments by delivering instant bank-to-bank transfers from consumers to merchants. A Google Cloud service, Sionic's market-first ULink™ is bringing real-time direct deposits to the point of sale via mobile, online, in store or in vehicle experiences. The company has partnered with top financial institution owners of The RTP Network for bank payments and CyberSource, a Visa solution, for secure card payment processing. Merchants accepting real-time payments bypass expensive card swipe fees and receive POS cash deposits immediately. Consumers may receive perks for paying with their bank accounts.

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POS HARDWARE

Edge Integrates BitPay Protocol to Enable Error-Free Spending Online and at Point of Sale

BitPay | June 08, 2022

BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, announced today that Edge, a long standing wallet in the crypto ecosystem, has implemented the BitPay Protocol, enabling its customers to spend cryptocurrency online and in-store free of payment exceptions. First launched in 2017, BitPay Protocol ensures accurate payments by eliminating payment exceptions including overpayments, underpayments, late payments, unconfirmed payments, and potential double-spends. As the crypto industry continues to evolve and attract a significant number of new customers, payment accuracy is imperative. The BitPay Protocol sets the industry bar for crypto payment quality enabling more accurate and reliable blockchain payments in-store and online. “BitPay commends Edge for supporting the BitPay Protocol and appreciates their hard work and effort to integrate this standard into their wallet, With Edge’s support, together we are able to promote payment quality online and in-store for both customers and merchants wanting to leverage the benefits of crypto payments.” -Stephen Pair, CEO of BitPay Through adoption of the BitPay Protocol, wallets, including the leading non-custodial wallet, Edge, have access to Verifone’s 600,000 merchants. With a footprint of 35 million devices, Verifone’s crypto payment service automatically enables those wallets that have the BitPay Protocol integrated to spend crypto on both in-store and online purchases. BitPay’s goal is to work with all wallets, and BitPay is the only payment processor who works with more than 100 different wallets to facilitate and optimize consumer-to-business and business-to-business payments. Merchants and businesses can accept crypto from wallets that have successfully enabled the BitPay Protocol to receive error-free payments from over 200 million crypto users. “At Edge, we believe empowering individuals with the necessary tools to control their own private keys and transaction information leads to better financial security everywhere, for everyone, We support BitPay’s Payment Protocol to help ensure our users can make simple and accurate transactions with thousands of merchants. This brings cryptocurrency one step closer to replacing traditional payments and drives further adoption of this powerful technology.” -Paul Puey, co-founder and CEO of Edge. Edge supports over 1.7 million accounts in ten languages across 179 countries. Edge is a non-custodial wallet where customers can buy, sell, trade, and spend over 130 digital assets. Automatic client-side encryption ensures bitcoin keys are always encrypted and protected from malware. A powerful and easy to use cryptocurrency wallet, Edge enables customers to have control of their private keys with the familiarity and ease of mobile banking. A username and password hide the complexity of cryptography and synchronization. Edge’s connectivity to multiple public blockchain nodes ensures wallets function even if Edge servers are down. Edge is available on all mobile devices via the iOS App Store, the Google Playstore, and Android direct download. About BitPay Founded in 2011, BitPay is one of the oldest cryptocurrency companies. As a pioneer in blockchain payment processing, the company’s mission is to transform how businesses and people send, receive, and store money. Its business solutions eliminate fraud chargebacks, reduce the cost of payment processing, and enable borderless payments in cryptocurrency, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses. The company has offices in North America, Europe, and South America and has raised more than $70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth.

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POS HARDWARE

Clip.mx continues to Lead the Digital Transformation of Mexico's Commerce with New Suite of Products.

Clip.mx | May 30, 2022

Clip, Mexico's leading digital payments and commerce platform, announced several new innovations to their products which grant merchants in Mexico better access to digital payments and financial services. Over 75% of Clip merchants transacted with cash only before joining Clip. Today, two out of three merchants that join Mexico's digital payments system use Clip's products. "Our experience and strong relationship with customers inspired us to develop the most comprehensive digital payment system in the industry, one that meets the needs of all merchants and encourages their growth. Clip is for everyone and today we have products for any business, regardless of size, industry or location," - Adolfo Babatz, founder and CEO of Clip Mexico. In their recent launch event, 'reCONNECT,' Clip highlighted its evolution to becoming the number one payments platform in Mexico and showcased the company's latest innovations. Among the products and solutions that Clip launched, there were three point-of-sale terminals - Clip Mini, Clip Pro 2 and Clip Stand -, three Remote Payments software features - QR Code, Payment Link, URL Link -, and two hardware accessories - Clip Cashbox and Clip Printer. Key highlights include: Clip Stand – the main featured product of the event, the most complete point of sale terminal with a 16-inch HD portable touch screen, a camera with a reader to photograph products and scan both barcodes and QR codes, a free digital catalog to manage inventory and sales, and unlimited free internet on all transactions. Remote Payments 2.0 – allows merchants to generate QR codes for contactless payments, custom links for card-not-present sales, and trade links to centralize payments from a permanent link. Clip Cashbox and Printer – the Cashbox allows merchants to manage both cash and credit securely in one place, while the Printer generates printed orders, receipts, and daily sales summaries without the need for a link. This diverse set of hardware and software provides merchants with the ability to process payments - including national and international credit, debit, voucher cards and contactless payments - with more than 19 banks and partners. Merchants can process payments with or without a cell phone, tablet or internet access. Clip products also give merchants access to key functions at no additional cost, such as inventory management and selling cell phone airtime top-ups. With these innovations, Clip reinforces its commitment to driving financial inclusion in Mexico by broadening access to digital payment solutions for Mexico's thousands of small and medium-sized businesses. About Clip Clip is the leading commerce and digital payment platform that is empowering businesses in Mexico to interact and transact with its consumers more effectively through innovative technologies, best-in-class customer service, and the ability to accept all payment methods digitally. The company has more than 1,000 employees with offices in Mexico City, Guadalajara, Salt Lake City, and Buenos Aires.

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POS HARDWARE

VERSABANK TO ACQUIRE OCC-CHARTERED NATIONAL US BANK, PROVIDING PLATFORM FOR GROWTH IN THE UNITED STATES

VersaBank | June 14, 2022

VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a leader in digital banking and cyber security solutions, today announced that, through its wholly owned U.S. subsidiary, VersaHoldings US Corp., it has signed a definitive agreement to acquire Minnesota-based Stearns Bank Holdingford, N.A. ("SBH"), a privately held, wholly owned subsidiary of Stearns Financial Services Inc. ("SFSI") based in St. Cloud, Minnesota, for an estimated US$13.5million (CA$17.4 million) (subject to adjustment at closing). SBH is a fully operational national bank, OCC (Office of the Comptroller of the Currency)-chartered Bank, focused on small business lending, which is expected to add approximately US$60 million in total assets to VersaBank, subject to any adjustments at closing. Upon closing, SBH will be renamed VersaBank USA National Association. SFSI and its other subsidiaries (Stearns Bank N.A. ($2.2 billion in assets) and Stearns Bank Upsala, N.A. ($75 million in assets)) will continue to operate as usual. ABOUT STEARNS FINANCIAL SERVICES INC. Stearns Financial Services Inc. (SFSI) is a well-capitalized, $2.4 billion independent financial holding company based in St. Cloud, MN. It is the holding company for Stearns Bank N.A. and Stearns Bank Upsala, N.A. Recognized as one of the nation's top-performing banks by both American Banker and Independent Banker magazines, Stearns Bank specializes in nationwide construction finance, small business lending, and equipment financing. Driven by a passion to help others achieve their greatest ambitions, Stearns Bank gets the job done! For more information, visit StearnsBank.com. ABOUT VERSABANK VersaBank is a Canadian Schedule I chartered bank with a difference. VersaBank became the world's first fully digital financial institution when it adopted its highly efficient business-to-business model using its proprietary state-of-the-art financial technology to profitably address underserved segments of the Canadian banking market in the pursuit of superior net interest margins while mitigating risk. VersaBank obtains all of its deposits and provides the majority of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses. In addition, leveraging its internally developed IT security software and capabilities, VersaBank established wholly owned, Washington, DC-based subsidiary, DRT Cyber Inc. to pursue significant large-market opportunities in cyber security and develop innovative solutions to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities on a daily basis.

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Spotlight

Read about our half-day workshop Bright and early on Wednesday 19th February, the Screen Pages team was joined by Adyen, Avalara and Brightpearl at dotdigital’s offices. Our joint event, sponsored by our long-standing stellar hosting provider Aptum, was intended to give best-practice information and advice to merchants wanting to expand globally. at dotdigital: https://www.screenpages.com/events/go...

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