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 …
Read More »GoDaddy Payments Touts Early Growth and other Digital Transactions News briefs from 2/11/22
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. …
Read More »Retail Sales up 7.2% and other Digital Transactions News briefs from 2/10/22
U.S. retail sales in January, excluding automobile-related spending, grew 7.2% year-over-year, with online sales increasing 10.4%, according to the Mastercard SpendingPulse report. Sales were propelled by such factors as accumulated savings and wage growth, the report says.Payments-processing giant Global Payments Inc. reported revenue of $2.19 billion on a GAAP basis for the fourth quarter, …
Read More »Stripe Targets Easier On-Boarding and other Digital Transactions News briefs from 2/9/22
Stripe Inc. said it will use technology from Celonis SE to improve its user onboarding process for e-commerce merchants.Payments provider Adyen NV said it will open technology hubs in Chicago and Madrid as it builds out a global processing platform. The company maintains more than 25 offices around the world.In related news, Adyen reported it processed …
Read More »Apple’s Tap to Pay on iPhone Debuts and other Digital Transactions News briefs from 2/8/22
Apple Inc. launched Tap to Pay on iPhone, a service that enables U.S. merchants to accept Apple Pay and other contactless payment services with an iPhone and an iOS app. Long speculated, especially since Apple’s 2020 acquisition of Mobeewave Inc., which developed the ability to accept payments via an NFC link, Tap to Pay …
Read More »Fiserv Acquires Finxact and other Digital Transactions News briefs from 2/7/22
Processor Fiserv Inc. said it has agreed to acquire digital-banking developer Finxact Inc. Fiserv, an early investor in Finxact, will acquire total ownership interest for $650 million.Israel-based payments provider Nayax Ltd. said it has submitted a draft registration statement with the U.S. Securities and Exchange Commission for a potential U.S. initial public offering of …
Read More »Bill.com’s Volume Jumps 62% and other Digital Transactions news briefs from 2/4/22
Payments technology provider Bill.com processed $56.4 billion in volume in the Dec. 31 quarter, up 62% year-over-year, with 9.8 million transactions on its platform, a 35% increase. It also processed 5.3 million Divvy card transactions worth $1.9 billion.Abaca, a fintech specializing in cannabis payments, said it has processed $2 billion in transactions …
Read More »Small Businesses Mostly Pleased With Their Acquirers and other Digital Transactions news briefs from 2/3/2022
Small-business satisfaction with merchant processors stands at 859 on a scale of 1,000, up 23 points from 2021, according to the J.D. Power 2022 U.S. Merchant Services Satisfaction Study. Banks lead the way in the survey, with Bank of America and Chase ranking first and second, followed by Square.Payments provider Payliance announced it …
Read More »Nayax’s New Vending Options and other Digital Transactions news briefs from 2/2/2022
Nayax Ltd., a payments processor for vending machines, announced it has launched an EMV-compliant platform allowing multiple choices with a single transaction authorization.Hospitality-technology provider Bite Ninja said it has acquired Zenu, a provider of ordering and payment technology for restaurants. Terms were not announced.BlueOne Card Inc. said it is launching its BlueOne Card, …
Read More »Trust Payments Acquires Retail Tech Firm and other Digital Transactions News briefs from 2/1/22
Trust Payments Ltd., a payments provider in the U.K., European Union, and U.S. markets, announced it has acquired retail-technology company WonderLane Solutions Ltd. Terms were not announced.In related news, Trust Payments is the first client to go live on a payments platform created by cryptocurrency specialist Ripple Labs Inc. and Moduir Finance …
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