Digital Transactions Authoritative, insightful and timely information for payments professionals
- 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.
Related Articles
Check Also
Nearly Half of Consumers Say They’re More Satisfied With Their Card Issuer After Suffering Fraud, As Fraud Remains a Threat
Despite the ever-present threat of fraud, almost half of consumers tend to have a more …