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- Hospitality point-of-sale specialist Qu Inc. announced GoTo Foods, owner of brands Auntie Anne’s, Cinnabon, Carvel, Jamba, McAlister’s Deli, Moe’s Southwest Grill, and Schlotzsky’s, will use the Qu POS platform across these brands. GoTo Foods said it has more than 6,700 global locations.
- Payments platform ACI Worldwide Inc. reported December-quarter revenue of $476.6 million, up 5.5% year-over-year and full-year 2023 revenue of $1.45 billion, a 2% rise. Net income for the quarter rose 36% to $122.6 million, accounting for all of the net for the year. ACI also announced two individuals were named as independent directors to its board, Katrinka McCallum, who most recently was vice president of customer and product experience at Red Hat, and Juan Benitez, who most recently was president of GoFundMe.
- Socure and Trustly have teamed to offer a pay-by-bank platform, which the companies say will streamline customer onboarding and speed payments for industries such as investing, gaming, trading, and financial services. Socure specializes in artificial intelligence for digital ID verification. Trustly is an open-banking provider.
- Fintech Sila and Trice, an instant payments platform, have teamed up on the ACHNow product that includes access to FedNow, RTP, and a proprietary instant settlement service.
- With a March 2025 migration deadline looming for FedWire users to adopt the ISO 20022 financial messaging standard for the real-time, gross settlement system, a new report from Finzly found that 63% of corporations plan to use it or already are. The survey of 1,037 mid-size and large organizations was conducted by Datos Insights.
- Payments platform Checkbook signed a multiyear deal with Visa Inc. to use Visa Direct, its near real-time payments service, to expand Checkbook’s disbursements services.
- Wellesley Hills Financial, a fintech and business-to-business software focused investment bank, added a dedicated West Coast banking team helmed by Eddie Galvan as managing director. Wellesley Hills also is expanding into Europe and the United Kingdom with Tom Schapira, founder of merchant bank Imagine Capital Group, in charge. The bank also formed an Executive Advisors group with Mike Peters, a former Get Beyond president and chief executive, and Wayne Johnson, an equity research analyst, as its inaugural members.
- Transact Campus Inc., a campus technology and payments provider, named Alex Bradley chief financial officer. Bradley previously held various positions at General Electric.
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