Bakkt To Acquire Apex for $200 Million and other Digital Transactions News briefs from 11/3/22

Cryptocurrency platform Bakkt Holdings Inc. has agreed to pay $200 million to acquire Apex Crypto LLC, a crypto-trading platform for fintechs, from Apex Fintech Solutions Inc.
Card manufacturer CPI Card Group Inc. said credit and debit card sales helped propel its third quarter revenue to $124.6 million, a 25.1% increase from $99.6 million in the same quarter in 2021. Net income for the quarter of $11.9 million increased 80.3% from $6.6 million in the year-ago quarter.
Lightspeed Commerce Inc., a specialist in payments technology for the hospitality industry, reported total revenue of $183.7 million for the quarter ended Sept. 30, up 38% year-over-year. The total includes $7.5 million from the company’s acquisition of Ecwid Inc.
CardFree, developer of order, payment, and loyalty technology, has launched a pay-at-table terminal in a partnership with Lazy Dog Restaurants.
Lux Vending LLC, which does business as Bitcoin Depot, announced it has taken a majority interest in rival Bitcoin ATM operator Bitaccess Inc. Terms were not announced.
Mastercard Inc. said seven startup companies have joined its Start Path program that fosters advancement in digital asset, blockchain, and cryptocurrency endeavors.
Zilch, which issues a virtual debit card that earns ad-supported rewards, said the product has now attracted 3 million users, six months after exceeding 2 million.

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