PAX’s Network Technology and Other Digital Transactions News Highlights from April 18, 2024 – Digital Transactions

In the ever-evolving world of payment technology, several key players have made significant announcements that are set to shape the future of transactions.

Point-of-sale technology provider PAX Technology Inc. has introduced Airlink, a networking technology that provides payment connectivity in outdoor settings and other venues where wireless Internet may be unavailable. This innovation opens up new possibilities for seamless transactions in various environments.

Mastercard Inc. has launched a mobile virtual card app aimed at financial institutions, allowing users to load commercial cards to their digital wallets. This move is set to streamline the process of managing and using commercial cards for businesses.

Marqeta, a card-issuing platform, has announced the launch of the Rain Card, a debit card that enables employers to disburse earned wages to workers. This initiative is expected to provide greater flexibility and convenience for both employers and employees.

Cantaloupe Inc., a provider of payments connectivity for vending and self-service markets, has partnered with Monumental Markets to utilize its Seed Markets technology platform. This collaboration is set to enhance the efficiency and effectiveness of payment processes in the vending industry.

These developments highlight the ongoing innovation and competition in the payments industry, with companies striving to provide more convenient and secure payment solutions for businesses and consumers alike. Stay tuned for more updates as the industry continues to evolve.