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Eye on Acquiring: EVO Links With KAL for ATMs in Europe, While Square Kicks off in France

Atlanta-based EVO Payments Inc. is working with global ATM technology provider KAL to allow banks and independent ATM deployers to quickly set up ATMs anywhere in Europe. The new service combines Germany-based KAL’s ATM software with EVO’s payments network, the parties said Tuesday. “We have created a highly efficient method …

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Allied in NYDIG Deal and other Digital Transactions News briefs from 7/6/21

Allied Payment Network Inc., a provider of online and mobile bill-payment services, said it will work with New York Digital Investment Group (NYDIG) institutions using Allied to offer customers the ability to buy, sell, and hold Bitcoin. Allied said it and NYDIG plan to add digital payments via Bitcoin.Reuters reported …

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Riskified Files for an IPO; Lightspeed Closes Its NuOrder Deal

Fraud-management platform Riskified Ltd. has filed for an initial public offering of its Class A Ordinary Shares.  Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Credit Suisse Securities (USA) LLC are the lead underwriters. Barclays Capital Inc., KeyBanc Capital Markets Inc., Piper Sandler & Co., Truist Securities, Inc., …

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PayPal’s U.S. POS Thrust With Zettle May Have Been ‘Inevitable,’ But It Faces Tough Rivalry

PayPal Holdings Inc.’s decision to bring its Zettle point-of-sale technology to the U.S. market may not surprise observers, but the move presents some formidable challenges, chiefly in the form of the existing competition, some observers say. At the same time, they add, Zettle brings a potent brand that fills a …

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R1 RCM Finalizes VisitPay Acquisitions and other Digital Transactions News briefs from 7/2/21

Health-care technology provider R1 RCM Inc. has closed on its acquisition of VisitPay LLC, a platform specializing in medical payments. R1 announced in early May it would acquire VisitPay for approximately $300 million in cash.Personal-finance app provider Charlie Finance Co. announced new services, including DirectPay, which lets users link credit cards to the app …

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Contactless Parking Expands As ParkMobile Grows Its Presence in North Carolina

ParkMobile LLC Thursday expanded its partnership with parking-lot operator The Car Park to Raleigh, Asheville, and Boone, North Carolina. Previously, The Car Park worked with another payment provider in those cities. The deal also builds on an existing relationship The Car Park has with ParkMobile in Tampa, Boise, Estes Park, …

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COMMENTARY: The Case for Integrated Payments Providers

If there’s a software need for your business—accounting, payroll management, lease portfolio management, and the like— then it’s likely your business is working with several different vendors at any given point during the working day. All the vendors you are working with won’t always be obvious, particularly if you’re working …

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After a Covid Shutdown, a Florida Road Authority Revives Its Visitor Toll Pass Program

Fifteen months after suspending its popular Visitor Toll Pass program due to travel restrictions placed on tourists moving through Orlando International Airport during the Covid pandemic, the Central Florida Expressway Authority on Wednesday rebooted the program. The Visitor Toll Pass, which debuted in May 2019 and was suspended in March …

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COMMENTARY: How Digital Revolving Credit Can Build a Lasting E-Commerce Model

Buy Now Pay Later (BNPL) options have become a staple in the E-commerce marketplace, mostly because they provide merchants and their customers an attractive and flexible alternative to credit cards. This has proven particularly appealing to younger shoppers such as Millennials, or Generation Z consumers up to 24 years old. …

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Paysafe Continues Its Push Into Online Gaming Via an Expanded Deal With FOX Bet

Paysafe Group Holdings Ltd. continued its push Tuesday into making processing online gambling transactions a larger part of its business by expanding a partnership with FOX Bet, a U.S. online and mobile sports-betting platform operated by Flutter Entertainment plc.  Under the terms of the deal, which follows a deal earlier this …

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Small Bank, Big Influence: North American Banking Co. Joins Nacha’s Ranks of Direct Members

Every so often, evidence emerges that size is not necessarily linked to influence. Nacha, the governing body for the nation’s automated clearing house network, on Tuesday announced that North American Banking Co. has joined the ranks of direct members of the association. Direct members constitute a group of more than …

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Afterpay’s Rewards Program Grows and other Digital Transactions News briefs from 6/29/21

Buy now, pay later specialist Afterpay Ltd. expanded its points-based Pulse Rewards program to all users. The company claims 17 million users in North America.Rival BNPL specialist Klarna AB announced it will offer financing to client merchants through business-finance platform Liberis Ltd.Rectangle Health, a payments provider specializing in doctors’ offices, is working with DoctorLogic …

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Cardknox Is the Latest Player to Adopt QR Codes for Contactless Payments

As the popularity of using quick-response codes for payment at the point-of-sale grows, the trend toward offering the technology to software developers and merchants has gained momentum and now includes small and mid-sized processors. Omnichannel payment gateway Cardknox Development Inc. on Monday became the latest processor to enter the fray, …

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Eye on Equities: A Post-SPAC Payoneer Starts Trading; Cantaloupe Hits the Russell 2000

Having completed its merger with a special purpose acquisition company, Payoneer Global Inc.’s common stock and warrants began trading Monday on the Nasdaq under the symbols PAYO and PAYOW, respectively. The shares were trading at $10.82 at mid-morning, slightly up from their opening price. “We are just scratching the surface …

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Slice Payments on the Menu for Pizzerias and other Digital Transactions News briefs from 6/28/21

Slice, which provides an ordering and payment app for independent pizzerias, added Slice Payments as an in-store payment platform. Slice Payments can be used with Slice Register, its point-of-sale service, or as a standalone option.Splitit Inc., a U.S. buy now, pay later provider, said it will integrate its installment-payment platform with tabby, …

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Digital Channels Remain Popular for Bill Pay As Covid Fades, an ACI Study Finds

Consumers’ use of digital channels to pay bills continues to rise even as the Covid-19 pandemic begins to ease, according to a study by ACI Worldwide Inc. In looking at how consumers’ use of digital channels, such as Web sites and mobile apps, has grown during the first half of …

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Through an Expanded Walmart MoneyCard, Green Dot Sharpens Its Focus on Banking Services

Green Dot Corp. has been steadily building its product roster in financial services for the underbanked, with the latest development emerging this week in the form of an expanded focus for the 15-year-old Walmart MoneyCard. The prepaid card, issued by Green Dot Bank and branded by Mastercard or Visa, can …

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EMV 3-D Secure 2.0 Use Soars and other Digital Transactions News briefs from 6/25/21

Global payment transaction volume authenticated with EMV 3-D Secure 2.0 increased 1,667% in the first quarter year-over-year, according to Outseer’s latest quarterly fraud and payments report. The same type of volume authenticated with the previous version of EMV 3-D Secure increased 59% for the same period. Outseer is an authentication services provider.Payments …

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Blocked in Its Bid for Plaid, Visa Agrees to Acquire European Open-Banking Player Tink

In a deal that underscores the crucial importance of open banking in payments, Visa Inc. early Thursday said it has agreed to pay $2.15 billion to buy Tink AB, a 9-year-old, Stockholm-based company whose network connects to 3,400 financial institutions throughout Europe. The agreement comes five months after Visa abandoned …

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Eye on Crypto: Fiserv Enables Crypto Transactions at FIs, And a Crypto ATM Firm Eyes 6,000 Machines

As interest grows in cryptocurrency, financial-services providers are taking note. The latest is Fiserv Inc., which announced on Thursday that financial institutions it works with will be able to allow their customers to buy, sell, and hold Bitcoin via their bank accounts. The capability is enabled via an integration between …

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Digital Transactions