Digital Transactions Authoritative, insightful and timely information for payments professionals
- Deluxe Corp. has closed on its $960-million cash deal for payments provider First American Payments Systems, announced in April. The acquisition doubles Deluxe’s payments revenue to $600 million annually, driving its share of the company’s overall revenue from 17% to 29%.
- Authentication-technology provider LoginID Inc. said it has received an undisclosed investment from Visa Inc., which follows a $6-million seed round led by payment and fintech entrepreneurs.
- Payments provider Flywire Corp. closed its initial public offering at a price of $24 per share with an offering of just over 12 million shares. Trading on the Nasdaq commenced May 26.
- Ackroo Inc., a loyalty, payments, and point-of-sale technology provider, said its Ackroo Canada Inc. unit has closed on its acquisition of Interactive DMS. Terms included $600,000 at closing, with a further $300,000 due on or before Aug. 31.
- Payments-technology provider Computer Services Inc. said it will participate in the Federal Reserve’s pilot for its FedNow real-time payment service.
- Blockchain-payments technology provider Circle Internet Financial Inc. said it raised $440 million in financing from institutional and strategic investors.
- Cryptocurrency wallet Coinbase said its Coinbase Card can now be used in Apple Pay and Google Pay mobile payment apps, though it is only enabling consumers on a waitlist for access with the card.
- Alliance Data Systems Corp., which offers private-label card programs and the Bread digital-payments service, announced Karin Kimbrough has been elected to its board of directors. Kimbrough is chief economist at LinkedIn Corp.
Related Articles
Check Also
Small Businesses Have Work to Do to Attract Shoppers, NMI Finds
While 78% of consumers say they are willing to pay more to shop at small …