Wednesday , January 8, 2025

Digital Transactions News staff

BankiFi Raises $4.8 Million And Other Digital Transactions News briefs from 8/15/22

Technology startup BankiFi, which seeks to enable payments and banking functions for small businesses, announced it has received a $4.8 million investment to fund its expansion into North America. Praetura Ventures led the funding round.Focused Labs, a developer of custom payments software, said it has joined the Stripe Partner Ecosystem. Stripe Inc.’s …

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With New Funding, Central Payments Is Spun Out and other Digital Transactions News briefs from 8/12/22

Central Payments, a unit of Central Bank of Kansas City, completed a $30 million funding round, which was led by Castle Creek Capital and with more investment from Launchpad Capital. The funding spins the company out from Central Bank.PayGround, a digital wallet for medical bills, launched a “get healthy now, pay …

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Finix Raises $30 Million And Other Digital Transactions News briefs from 8/11/22

Finix, a payments provider for software platforms, raised $30 million in its latest funding round, bringing its total funding to $133 million. American Express was among investors.Unit, whose technology allows firms to weave accounts, payments, cards, and other banking services into their products, said it has partnered with Thread Bank, a …

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Jack Henry Snaps up Payrailz And Other Digital Transactions News briefs from 8/10/22

Financial-technology provider Jack Henry & Associates Inc. said it will acquire Payrailz, a provider of digital-payments technology, including real-time peer-to-peer payments capability. Terms of the transaction, which is expected to close by the end of the month, were not disclosed.Payments platform BlueSnap has agreed to support KeyBank’s U.S payments gateway for e-commerce transactions by middle-market …

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ParTech Acquires Menu Technologies And Other Digital Transactions News briefs from 8/9/22

Restaurant-technology provider ParTech Inc. announced it has acquired Menu Technologies AG, an omnichannel ordering platform serving international restaurant brands. Terms were not disclosed.The Western Union Co. expanded its integration of Visa Direct, Visa’s real-time payment service, to its U.S. network, enabling consumers to send or receive funds directly to their eligible Visa debit …

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Forage Raises $22 Million And Other Digital Transactions News briefs from 8/8/22

Forage Technology Corp., a payment processor specializing in SNAP EBT acceptance for grocers, said it raised $22 million in Series A funding led by venture capital firm Nyca with participation from PayPal Ventures, EO Ventures, and the founder of Instacart, a grocery delivery provider.Infinicept, an embedded payments specialist, launched Infiniport, its …

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MoneyGram Online Revenue Increased 13% and other Digital Transactions News briefs from 8/5/22

MoneyGram International Inc. said its MoneyGram Online digital service had second quarter revenue of $53.3 million, up 13% from $47 million in the same quarter in 2021. Its overall revenue of $329.6 million in the quarter, was up slightly from $329.3 million revenue in the 2021 second quarter. MoneyGram posted a …

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July Sales up 11.2% And Other Digital Transactions News briefs from 8/4/22

Mastercard Inc. said July retail sales increased 11.2% from July 2021. E-commerce sales were up 11.7% and in-store sales increased 11.1% for the same period.Payments provider ACI Worldwide Inc. reported $340 million in revenue for its June quarter, up 13% year-over-year.In related news, ACI’s Speedpay will integrate with the Vindicia platform from technology firm Amdocs …

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North American Banking Adds Real-Time Payments And Other Digital Transactions News briefs from 8/3/22

North American Banking Co. said it can offer customers instant payments to and from any financial institution linked to The Clearing House Payments Co.’s Real Time Payment network. The new service relies on NABC’s ExcheQ application and technology from Open Payment Network.Payments provider Waitr Holdings Inc. announced it will provide stadium ordering to …

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AmEx Launches SMB Global Pay Service And Other Digital Transactions News briefs from 8/2/22

American Express Co. launched American Express Global Pay, a digital payment service to enable U.S. businesses to make domestic and international business-to-business payments. Eligible U.S. AmEx Small Business cardholders can fund payments from their business bank accounts to suppliers in more than 40 countries with a dozen currencies.RevoluGroup Canada Inc., a payments-technology provider, …

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