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- U.S. retail sales in January, excluding automobile-related spending, grew 7.2% year-over-year, with online sales increasing 10.4%, according to the Mastercard SpendingPulse report. Sales were propelled by such factors as accumulated savings and wage growth, the report says.
- Payments-processing giant Global Payments Inc. reported revenue of $2.19 billion on a GAAP basis for the fourth quarter, up 13% year-over-year. Revenue for all of 2021 totaled $8.52 billion, up 13.5% from 2020. The performance represented “the best results in our history,” according to chief executive Jeff Sloan.
- As more diners return to eating in person at restaurants, 79% ordered delivery and takeout at least once per week in the fourth quarter last year, down from 85% in the first half of the year. Nearly 60% expect to order more online this year. This is according to a survey of more than 1,000 diners by BentoBox, an e-commerce and marketing service for restaurants, BentoBox was acquired last year by Fiserv Inc.
- FIS Inc.’s Worldpay unit will provide global acquiring services for SumUp, a fintech whose business technology is used by more than 3.5 million merchants in more than 30 countries.
- Payments-technology provider i2c Inc. said it will work with crypto and fiat payments platform Wirex to support Wirex’s prepaid multi-currency card in the U.S. market. The card includes the capability to support cryptocurrency.
- The SoFi Stadium and Hollywood Park sports and entertainment complex has chosen mobile-payments specialist Tappit to provide fans with payments and incentives services through the introduction of a SoFi Stadium wallet to the stadium’s app.
- Payments provider Spreedly said it now offers additional access to Stripe Inc.’s alternative payment methods and Radar, a Stripe anti-fraud tool.
- Former Capital One and Goldman Sachs Marcus executives launched Highline, a bill-payment platform linked to users’ payroll.
- Cloud-based payments provider Form3 appointed Dave Scola chief executive for the U.S. market. Scola joins the company from Swift, where he was chief executive for the Americas.
- Card-issuing platform Marqeta Inc. appointed Mike Milotech chief financial officer, effective Feb. 22. Milotech comes to the company from Visa Inc. The current CFO, Tripp Faix, is stepping down to spend more time with his family.
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