Payments provider Fintainium said it is working with Visa Inc.’s real-time push-payment network, Visa Direct, and CIT Inc. to let merchants access cash flow and consumers receive payouts.Progressive Care Inc. said its PharmCoRx pharmacies is accepting Bitcoin in payment for Covid-19 rapid-testing services. The company began accepting cryptocurrency in 2018.ParkMobile LLC said its mobile app is …
Read More »LG Pay To Shut Down and other Digital Transactions News briefs from 6/3/21
Not quite two years old, LG Pay, the mobile payment service from LG Electronics USA, is shutting down, according to a report on Droid-Life.com. It captured a screenshot of an alert declaring the service will be phased out and discontinued “over the remainder of 2021.” In April, LG announced it was exiting …
Read More »Mitek Acquires Tech Firm and other Digital Transactions News briefs from 6/2/21
Mitek Systems Inc., a provider of digital identity-verification technology, said it has acquired ID R&D Inc., a provider of voice and face biometrics technology, for up to $49 million in Mitek stock and cash.Payments processor Fleetcor Technologies Inc. closed on its acquisition of cross-border payments specialist Associated Foreign Exchange Inc. The deal, …
Read More »Deluxe Closes on First American Payment Deal and other Digital Transactions News briefs from 6/1/21
Deluxe Corp. has closed on its $960-million cash deal for payments provider First American Payments Systems, announced in April. The acquisition doubles Deluxe’s payments revenue to $600 million annually, driving its share of the company’s overall revenue from 17% to 29%.Authentication-technology provider LoginID Inc. said it has received an undisclosed investment from Visa Inc., …
Read More »Shopify Recruits Google and other Digital Transactions News briefs from 5/28/21
Shopify Inc.’s 1.7 million-plus merchants will have access to Google Cloud technology in more regions under a new agreement.Buy now, pay later provider Klarna Bank AB said its U.S. user base more than doubled in April year-over-year, to 17 million. The user base worldwide totals 90 million.The big France-based processor Worldline S.A. has agreed to …
Read More »SpotOn Sponsors Guy Fieri Special and other Digital Transactions News briefs from 5/27/21
SpotOn Transact Inc. said it will offer its point-of-sale services free for one year to aspiring restaurateurs under a program with the TV show “Guy’s Restaurant Reboot.”In related news, SpotOn said it has raised $125 million in Series D funding in a round led by Andreessen Horowitz. The round values the company at …
Read More »Repay’s Online Cash Deal and other Digital Transactions News briefs from 5/26/21
Payments-technology provider Repay Holdings Corp. said it has struck a deal with processor Paysafe Group to allow Repay merchants to receive cash payments at any of 60,000 retail locations linked to Paysafe’s eCash service.Liv.rent, a platform for apartment tenants to pay rent, introduced a capability allowing tenants to pay in Bitcoin while landlords receive …
Read More »dLocal Launches IPO and other Digital Transactions News briefs from 5/25/21
Payments platform dLocal Ltd. announced the launch of its initial public offering involving more than 29 million shares with an estimated price range of $16 to $18 per share.ACI Worldwide Inc. is collaborating with JPMorgan Chase & Co. to combine Chase’s European acquiring platform with ACI’s payments platform in an offering to merchants …
Read More »Tappit Lands College Deal and other Digital Transactions News briefs from 5/24/21
Payments technology provider Tappit said it is providing its white label, touchless mobile payment service to Learfield IMG College, a media and technology services company in intercollegiate athletics. Learfield will offer the service to university athletic departments that can integrate the service into their mobile apps.Payments provider Rev19 LLC, founded in 2017, has rebranded as …
Read More »Passport Secures $90 Million in Funding and other Digital Transactions News briefs from 5/21/21
Passport Labs Inc., a parking-app developer, reported it has received $90 million in growth capital from Sixth Street Growth.Mastercard Inc. announced a line of prepaid cards that allows users to contribute to wildlife preservation. The program allocates $1 for each card purchased to Conservation International.Banking-software provider Temenos says money-transfer firm Wise joined the …
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