Digital Transactions Authoritative, insightful and timely information for payments professionals
- Ransomware payments exploded last year, with the average payment rising 78% year-over-year to $541,010, according to data compiled by cybersecurity firm Palo Alto Networks.
- Blackbaud Inc., a cloud software company serving nonprofits, said clients of its Blackbaud Merchant Services unit can now accept payments via both PayPal and Venmo in the United States through select Blackbaud products.
- Paysafe Ltd. announced it will process deposits by debit card and automated clearing house, as well as process payouts, for Resorts WorldBET, a mobile sports-betting app from Resorts World New York.
- E-commerce platform BigCommerce said it will work with payments provider dLocal to process payments as part of BigCommerce’s expansion into Latin American markets.
- Verifone Inc. announced its Cloud Services platform is supporting PayPal payments for home-furnishings retailer Living Spaces. The platform supports payments online, in-app, and in person.
- Recurly, a billing platform for digital sellers, said it recovered more than $794 million in revenue for clients last year through its dunning technology, up 32% from 2020.
- Tokenization provider TokenEx said it raised $100 million from K1 Investment Management in a Series B funding round. TokenEx said it will use the funding to enhance its product, customer-service, and account-management teams as well as scale its global operations.
- Reach, a collaboration platform for complex transactions, closed on a $7-million Series A funding round led by Grayhawk Capital.
- Payments provider Lightspeed Commerce Inc. has named Brandon Nussey, formerly chief financial officer, to the office of chief operating officer. Nussey has been succeeded as CFO by Asha Bakshani, a former Cineflix and Deloitte executive. The company also hired Rani Hammond as chief people officer, joining the company from GenesisCare, a health-care services provider.
- PayByPhone, a mobile-payment app for parking, said it is shifting from a regional to a global leadership model. As part of the shift, Roamy Valera, formerly chief executive for North America, is assuming the office of chief client officer.
Related Articles
Check Also
Flywire Teams With Blackbaud to Enable Cross Border Tuition Payments in the U.S.
Flywire Corp., a specialist in payments for higher education, has partnered with Blackbaud Inc., a …