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- Payments provider Lightspeed POS Inc. reported total revenue of $57.6 million for the quarter ended Dec. 31, up 79% year-over-year. Revenue was $49.3 when excluding the recent acquisitions of payments providers ShopKeep and Upserve. The company’s merchant base grew 74% year-over-year to 115,000, or 84,000 excluding the acquisitions, up from 66,000.
- Fiserv Inc. and the Inclusive Innovation Incubator announced the launch of Inclusive Innovation Labs, a program focused on helping Howard University students and alumni launch and scale their businesses.
- Buy now, pay later provider PayBright Inc. said it has signed Little Burgundy, a footwear retailer in Canada. Customers can opt for the installment credit upon checkout on Little Burgundy’s site. BNPL provider Affirm Inc. last month closed on its $340-million (Canadian) acquisition of PayBright.
- Chargeback Gurus released an ebook on how the Covid-19 pandemic has affected chargebacks.
- Payments provider Nuvei Corp. said it has added technologies aimed at buttressing protection against chargebacks for merchants. These include Dynamic 3D Secure and an integration with Visa Inc.’s Verifi anti-fraud platform. Founded in 2003, Nuvei was known as Pivotal Payments until October 2018.
- Aria Systems, an enterprise subscription payments provider, said it expanded its partnership with Worldline S.A. to offer new payment options and reduce fraud and failed transactions.
- Nacha, the automated clearing house governing body, said 26.8 billion payments were made on the ACH network, an 8.2% increase from 2019. The value of these payments in 2020 was $61.9 trillion, a 10.8% increase.
- Payments-technology provider Mogo Inc. said its Carta Worldwide unit is entering the Japanese market in support of the launch there of a multicurrency debit card by payments provider TransferWise Ltd. Mogo closed on its $24-million acquisition of Carta Worldwide last month.
- Bill.com, a provider of cloud-based payments-processing technology, has added former eBay and Salesforce executive Steve Fisher to its board of directors.
- Payments and banking provider Green Dot Corp. appointed Gyorgy Tomso chief technology officer. Formerly, Tomso held positions at PayU and at Euronet Worldwide, which was co-founded by current Green Dot chief executive Dan Henry.
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