February 21, 2022
Acquiring, Competitive Strategies, E-Commerce, Point-of-sale, Transaction Processing
Agriculture marketplace ProducePay launched Quick-Pay+, which allows growers to receive the bulk of payments from buyers 24 hours after shipments are received.RevoluGroup Canada Inc., which offers the RevoluPay payments app, concluded an oversubscribed private placement of shares valued at $2.187 million Canadian ($1.7 million).A French fintech called Vagopass introduced a Web application that allows …
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February 18, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Featured, Marketing, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
During the two years since the Covid-19 pandemic hit, point-of-sale technology for enterprise merchants in the United States has gone from being a low-growth channel for POS solution and hardware providers to one that now presents significant growth opportunities, according to a report from Moody’s Investor Service. Sparking the turnaround …
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February 18, 2022
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale
Klarna AB, the Sweden-based buy now, pay later giant with a major stake in the U.S. market, has opened a waiting list for its Klarna Card in the United States. The cobranded Visa card, to be issued by Salt Lake City-based industrial bank WebBank, follows Klarna’s convention of allowing users …
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February 18, 2022
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Prepaid Cards
American Express Co. said Delta Air Lines has adopted AmEx’s Plan It buy now, pay later service, allowing AmEx consumer card users to pay for Delta flights in equal monthly installments with a fixed fee. AmEx launched Plan It in 2017.Payments provider Blackhawk Network Holdings Inc. said it is working with retail-technology developer …
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February 17, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Law and Regulation, Mobile Commerce, Mobile Wallets, Point-of-sale, Pricing, Transaction Processing
With a crucial card-acceptance market at stake, Amazon.com Inc. has reportedly struck a deal with Visa Inc. to continue taking Visa cards issued in the United Kingdom. The agreement comes nearly a month after Amazon dropped a threat to stop taking the cards and said it would negotiate with Visa. That …
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February 17, 2022
Acquiring, Automated Clearing House, Competitive Strategies, Issuing/Originating, Marketing, Point-of-sale, Transaction Processing
Digital payments platform provider Buy It Mobility Networks Inc. is betting its new BuyPass application will further reduce the complexities around connecting to its platform for merchants that want to offer branded payment options that debit a consumer’s bank account. Launched Wednesday, the application drops a URL into a merchant’s …
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February 17, 2022
Acquiring, Digital Currency, E-Commerce, Electronic Bill Payment, Issuing/Originating, Mergers & Acquisitions, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
Digital-currency payments specialist Circle Internet Financial LLC announced it has agreed to new terms with Concord Acquisition Corp., terminating an agreement it had reached with that company in July. The new agreement values Circle at $9 billion, twice the valuation set by the original SPAC combination. The holding company established by the original agreement …
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February 16, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Marketing, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
As sports fans return to stadiums after nearly two years of the Covid pandemic, payment processors are eyeing a big opportunity for transaction volume. In the latest development, one of the biggest players in this game, Shift4 Payments Inc., said early Wednesday it has signed Audi Field in Washington, D.C., …
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February 16, 2022
Competitive Strategies, Electronic Bill Payment, Featured, Marketing, Mobile Commerce, Mobile Wallets, Transaction Processing
Responding to demand from consumers and billers for digital bill-payment options, electronic billing and payment platform provider PayNearMe Inc. on Tuesday announced the addition of PayPal and Venmo to its payment options. A recent study by PayNearMe revealed that 43% of respondents rated the convenience of using PayPal to pay …
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February 16, 2022
Acquiring, Automated Clearing House, Competitive Strategies, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
Payments-technology firm Buy It Mobility launched BuyPass, a platform aimed at allowing merchants to more quickly launch automated clearing house and merchant-branded payments programs. BIM is working with network capabilities and virtual card technology from Discover Network to reduce the time and cost for merchant integration.Transaction-security firm Forter launched Smart Payments, a technology that uses the …
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February 15, 2022
Competitive Strategies, E-Commerce, Fraud & Security, Mergers & Acquisitions, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Point-of-sale
Money-transfer powerhouse MoneyGram International Inc. will go private later this year in a deal announced Tuesday with private-equity firm Madison Dearborn Partners LLC. Valued at $11 per common-stock share, the deal also includes assumption of $799 million in debt. Expected to close in the fourth quarter, the deal will see …
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February 15, 2022
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
FIS Inc.’s acquisition of Payrix Solutions LLC, announced Monday, comes as e-commerce is booming and as payments platforms are weaving payments capabilities into the software they’re selling to online merchants. The deal will also help FIS, known for its processing capabilities for enterprises, reach small and medium-size online sellers, top …
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February 15, 2022
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
ACI Worldwide Inc. announced ACI PayAfter, a buy now, pay later service that provides merchants access to more than 70 BNPL providers via a single integration. “ACI PayAfter gives consumers one BNPL option—ACI PayAfter—displayed at checkout, one application form, and a single credit check, all while providing access to multiple financing …
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February 14, 2022
Acquiring, Competitive Strategies, E-Commerce, Featured, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
With online ordering capabilities now table stakes for restaurants, Epos Now, a London-based provider of cloud-based software, announced Monday it is rolling out its Epos Now Delivery application for restaurants in the United States. The decision to launch Epos Now Delivery in the U.S. market was prompted by the massive …
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February 14, 2022
Competitive Strategies, Law and Regulation, Marketing, Mobile Commerce, Mobile Wallets, Transaction Processing
The major United Kingdom-based payments processor Paysafe Ltd. has extended its reach in the U.S. sports-betting market, announcing early Monday deals to support bettors’ deposits by credit or debit card in Louisiana and Oregon. Driving Paysafe’s latest gambit in mobile sports betting includes contracts with venue-operator Caesars Entertainment Inc. and betting …
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February 14, 2022
Acquiring, ATMs, Automated Clearing House, Competitive Strategies, Law and Regulation, Marketing, Mobile Wallets, Point-of-sale, Transaction Processing
Four-year-old payments provider F1 Payments announced it has changed its name to Corvia, effective immediately.Electronic funds transfer network Shazam announced it is offering DocuCommand, a document-management service, to client banks and credit unions.Mastercard Inc. said it expanded its partnership with Fearless Fund, a venture capital fund created by women of color for women of …
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February 11, 2022
Acquiring, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Law and Regulation, Mobile Commerce, Point-of-sale, Transaction Processing
With ransomware attacks showing no signs of slowing down, the National Cybersecurity Alliance and the PCI Security Standards Council issued a joint warning bulletin Thursday. The bulletin was prompted by feedback from payment industry stakeholders and heightened news coverage of the attacks throughout 2021, says the PCI SSC. In 2021, …
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February 11, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Electronic Bill Payment, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
GoDaddy Inc. said its newly formed GoDaddy Payments unit has sold more than 1,000 point-of-sale devices and taken in “tens of thousands” of applications for the service from customers of the firm’s Web services. GoDaddy in September released a countertop payment terminal and mobile card reader, following the launch of GoDaddy Payments in June. …
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February 10, 2022
Acquiring, Competitive Strategies, Debit Cards, E-Commerce, Issuing/Originating, Mobile Commerce, Mobile Wallets, Point-of-sale, Pricing, Transaction Processing
When it comes to fast growth, it doesn’t hurt to have huge merchant platforms like Amazon.com Inc. and Shopify Inc. in your corner, a proposition Affirm Inc. underscored late Thursday as it reported huge increases in merchandise volume, active users, and other indicators. “We feel great about our progress,” said …
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February 10, 2022
Competitive Strategies, Credit Cards, Electronic Bill Payment, Issuing/Originating, Marketing, Mobile Wallets, Transaction Processing
In a bid to make it easier for consumers to pay myriad credit card bills each month, a startup called Fyncr Inc. on Thursday launched a bill-payment app that allows users to aggregate and pay their credit card bills in one application. With the Fyncr app, credit card holders can …
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Digital Transactions Authoritative, insightful and timely information for payments professionals
