July 23, 2021
Competitive Strategies, Digital Currency, Mobile Wallets, Point-of-sale
Blockchain-based business-to-business payments network Paystand Inc. announced a $50-million Series C funding round led by NewView Capital.Payments provider Paystone Inc. received a $30-million investment from Credit Mutuel Equity. Paystone said it will use the funds to fuel growth.ForumPay, whose technology converts cryptocurrency spent by consumers into fiat currency for processing, said it will work with …
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July 22, 2021
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Electronic Bill Payment, Fraud & Security, Issuing/Originating, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
Discover Financial Services reports its payment services volume of $78.4 billion for the second quarter of 2021 increased 22% from $64.5 billion in the same period a year ago. Its Pulse network dollar volume of $62.9 billion increased 18% from $52.9 billion year-over-year. Discover card sale volume of $45.6 billion increased …
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July 21, 2021
Acquiring, Competitive Strategies, Credit Cards, Digital Currency, E-Commerce, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
Payments provider Veem Inc. launched several new products for small businesses, including Veem Invoicing and Veem Collections.Cryptocurrency platform OKCoin USA Inc. has chosen FIS’s Worldpay unit to provide merchant acquiring and global exchange service in support of OKCoin’s ongoing global expansion.Visa Inc. said it will launch later this year an “evolved” brand identity featuring refreshed …
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July 20, 2021
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Buy now, pay later provider Sezzle Inc. launched Sezzle Capital, a program that provides working capital up to $10 million to qualified merchants. The service is built on the Wayflyer funding platform.Square Inc. launched Square Banking, based on the company’s industrial bank, Square Financial Services, which began operating in March. The banking offering consists …
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July 19, 2021
Acquiring, ATMs, Competitive Strategies, Debit Cards, Digital Currency, Issuing/Originating, Marketing, Mergers & Acquisitions, Point-of-sale, Transaction Processing
Business payments provider Bill.com announced the $625 million acquisition of Invoice2go, a mobile-first accounts receivable software provider. The stock and cash transaction is expected by the end of 2021.U.S. blockchain-payments specialist GreenBox POS LLC has agreed to acquire Europe-based processor Transact Europe Holdings OOD for 30 million euros, or approximately $35 million. The deal …
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July 16, 2021
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Marketing, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Payments provider Shift4 Payments Inc. announced preliminary results for the quarter ended June 30. It expects end-to-end payment volume—activity it processes rather than directing it through its gateway to other processors—in the range of $11.78 billion to $11.82 billion. Gross revenue will total between $345 million and $350 million.Blockchain payments and financial-services provider Circle …
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July 15, 2021
Acquiring, Automated Clearing House, Competitive Strategies, Electronic Bill Payment, Marketing, Mergers & Acquisitions, Point-of-sale, Transaction Processing
Waystar, a provider of payments software for the health-care industry, announced it will buy Patientco Holdings Inc., a payments provider in the same industry. Terms were not announced, though persons familiar with the matter valued Patientco at $450 million, according to Bloomberg.Payments provider Payroc WorldAccess LLC said it has acquired DCS Holdings Group …
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July 14, 2021
Acquiring, Competitive Strategies, Digital Currency, Issuing/Originating, Marketing, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Prepaid Cards, Transaction Processing
Payments provider Global Payments Inc. announced consulting firm PwC will be a charter member of Global’s TSYS Partner Program, an initiative aimed at developing business partnerships with companies globally.CloudPay Inc., a payroll-processing provider, launched CloudPay Now, a service allowing multinational companies to provide earned-wage access globally.InComm Payments will process prepaid card transactions online …
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July 13, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
GoDaddy Inc. and Alphabet Inc.’s Google unit announced an integration that enables GoDaddy clients access to various Google online properties from GoDaddy’s online store. These clients will be able to create a Google Merchant Center account, sync their online product listing on Google, and promote their products on Google.Payments-technology startup KodyPay Ltd. announced …
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July 12, 2021
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Mergers & Acquisitions, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Real-time Payments, Transaction Processing
ICBA Bancard, the payment services subsidiary of the Independent Community Bankers of America, said it now offers real-time payments via Finzly, a fintech, and its connection to The Clearing House Payments Co. LLC’s Real Time Payments network.Mastercard Inc. and Major League Baseball announced a multiyear extension of their sponsorship deal. Mastercard …
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