Digital Transactions Authoritative, insightful and timely information for payments professionals
- EVO Payments Inc. reported third-quarter revenue of $117 million, a 4.4% decrease from $122.4 million in the same period a year ago. Its profit, however, of $5.8 million reversed a $1.8 million loss last year. In the quarter, EVO launched EVO Direct Deposit, a real-time settlement service for merchants.
- The Covid-19 pandemic made itself felt in ACI Worldwide Inc.’s third-quarter results. The digital payments services provider posted revenue of $315.9 million, an 11% decrease from $354.9 million in the 2019 third quarter. Net income of $15.9 million was down 50% from $31.8 million last year. ACI cited the pandemic impact on its on-premise business as temporarily affecting its results.
- Green Dot Corp. reported processing $7.6 billion in purchase volume in the third quarter, up 26% year-over-year. Momentum from stimulus funds, an extended tax season, unemployment benefits, and new users carried into the quarter, officials said.
- Nacha, the governing body for the nation’s automated clearing house network, named Tempus Technologies a preferred partner in its Payment Facilitator program.
- National Merchants Association announced Evolve Bank & Trust is its new sponsor bank.
- USA Technologies Inc. has embarked on a program to update its wireless technology where needed for vending and unattended payments as mobile operators phase out older 2G and 3G networks. The upgrades will need to be completed no later than the end of 2022, though some carriers have 2021 sunset dates, USAT said.
- Chargeback management provider Chargeback Gurus said it received Level 1 certification with the PCI Security Standards Council data-security standard after an audit by a PCI-certified security assessor.
- Aurora Payments said it is the exclusive payments provider to the Arizona Small Business Association.
- Payments provider 2Checkout said Check Point Software Technologies, which provides the ZoneAlarm security product, will use its platform for global online sales.
- ParkMobile LLC said it will enable contactless parking payments at more than 3,100 off-street spaces in parts of Cleveland.
Related Articles
Check Also
A Senate Panel Sends a Signal: Time to Cut a Deal on Swipe Fees
Members of the Senate Judiciary Committee told representatives of Visa Inc., Mastercard Inc., and the …