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- Minneapolis-based Entrust, a provider of identity technology and data security for payments, said it has entered into exclusive talks to acquire London-based Onfido, a platform for identity-verification based on artificial intelligence technology.
- Pay-at-table technology specialist Toast Inc. said Choice Hotels International has selected its Toast for Hotel Restaurants portfolio for two Choice chains, Cambria Hotels and Radisson.
- MX Technologies Inc., a provider of open-banking technology, said it has agreed to support an open-banking service from Trustly Group AB that enables 8,300 merchants to offer consumers the option to make payments from their bank accounts.
- Sharetec, a software provider for credit unions, has integrated instant-payments technology from Open Payment Network. The integration will enable Sharetec’s clients to support real-time transactions on the Federal Reserve’s FedNow network.
- Payments provider Nuvei Corp. launched a refreshed omnichannel payments platform, making it available for the first time outside of North America.
- Cross River Bank said it is working with payments provider Aeropay to offer instant payouts on winnings for players in online gaming.
- Bitcoin Depot announced an agreement with an unnamed leading operator of convenience stores in the U.S. to install its machines in 63 stores in “multiple” metropolitan areas. The company says it has deployed a network-wide total of 6,400 kiosks that let users convert cash to Bitcoin.
- American Express Co. announced it has expanded its sponsorship of the Argentine Football Association, allowing cardholders early access to preferred seats and locations at matches, along with other features. The agreement runs through 2026.
- Payments processor Jack Henry & Associates Inc. reported December-quarter revenue of $545.7 million, up 8% year-over-year. Processing revenue alone was up nearly 9% to $233.7 million. Net income grew nearly 14% to just shy of $92 million.
- The Western Union Co. reported a 4% drop in fourth-quarter 2023 revenue, to $1.05 billion, and a 3% decline in full-year revenue to $4.36 billion. Net income for the quarter fell 49%, to $127 million; for the year, it dropped 31% to $626 million. Consumer money transfers grew 2%, to 279.4 million.
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