MoneyGram International Inc., which is being acquired by private-equity player Madison Dearborn for $1.8 billion, said it had fourth quarter revenue of $324.6 million, a 0.4% increase from $323.3 million in the 2020 fourth quarter. Net income for last quarter of 2021 was $4.2 million, a 37% decrease from $7.3 million …
Read More »Tipalti Volume Tops $36 Billion and other Digital Transactions News briefs from 2/24/22
Business-to-business payments provider Tipalti Inc. reported “unprecedented” growth in payments volume in 2021, with volume growing more than 100% from 2020 to more than $36 billon. The company’s client base increased to more than 2,000, including GoDaddy, Roku, ZipRecruiter, and Amazon Twitch.Fintech Social Finance Inc. said its SoFi Technologies Inc. unit has launched SoFi …
Read More »TreviPay To Acquire Baton Financial and other Digital Transactions News briefs from 2/23/22
Fintech TreviPay said it is acquiring Baton Financial Services Inc., which provides a business-to-business invoice payments network. Terms were not disclosed.Mobile wallet payment provider Citcon said its service is now integrated with Abacus Business Computer, a merchant services company serving restaurant and retail merchants.U.S.-based payments-technology provider ACI Worldwide Inc. announced South Africa’s Nedbank will move all …
Read More »Klarna Expands Rewards Program and other Digital Transactions News briefs from 2/22/22
Buy now, pay later specialist Klarna AB said it is expanding the geographic reach of its rewards program and its Pay Now service. The rewards program will be available in nine countries, with Pay Now expanding to nine new countries beyond the current base in the U.S. and U.K., where the immediate-payment …
Read More »ProducePay Debuts Quick-Pay+ and other Digital Transactions News briefs from 2/21/22
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 …
Read More »Delta Adopts AmEx BNPL Service and other Digital Transactions News briefs from 2/18/22
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 …
Read More »Circle’s Valuation Doubles and other Digital Transactions News briefs from 2/17/22
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 …
Read More »BIM Launches BuyPass ACH Service and other Digital Transactions News briefs from 2/16/22
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 …
Read More »ACI PayAfter BNPL Service Debuts and other Digital Transactions News briefs from 2/15/22
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 …
Read More »F1 Payments Adopts Corvia Moniker and other Digital Transactions News briefs from 2/14/22
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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