Certegy Payment Solutions LLC added a white-label version of its buy now, pay later service that enables merchants to add their own branded BNPL option.Buy now, pay later specialist Quadpay Inc. said its inaugural “Quadpay Fest” sale, which offered deals to users over a four-day period, saw 40% of purchases on average made …
Read More »Western Union Ready at Walmart Stores and other Digital Transactions News briefs from 5/19/21
The Western Union Co. said its money transfer services are now available at almost 4,700 U.S. Walmart Inc. stores. The two companies announced the addition of Western Union in January.Grocery chain Food Lion said it is accepting the Supplemental Nutrition Assistance Program’s electronic benefit transfer card in the 10 states where the chain has …
Read More »Appetize Payments Served up and other Digital Transactions News briefs from 5/18/21
Appetize Technologies Inc., a provider of point-of-sale technology for the hospitality and entertainment industries, launched Appetize Payments, which combines payment processing with the company’s cloud-based software.Ally Lending, the personal-lending unit of Ally Bank, a subsidiary of Ally Financial Inc., said buy now, pay later provider Sezzle Inc. will offer Ally’s longer-term …
Read More »Afterpay Adds Another Retailer and other Digital Transactions News briefs from 5/17/21
The Container Store Group Inc. next month will start offering installment payments from buy now, pay later specialist Afterpay Ltd.With the accelerating conversion of cash to electronic payments, the total value of transactions processed by point-of-sale terminals will grow to more than $17.3 trillion globally in 2026, up from $14.8 trillion this year, …
Read More »PayPal Makes Greater Use of Google Cloud and other Digital Transactions News briefs from 5/14/21
With its active user count having jumped 24% to 392 million during the pandemic, PayPal Holdings Inc. said it is moving more of its infrastructure and workloads to Google Cloud.CareTime, a software platform for home caregivers, introduced a capability to accept credit cards and e-checks within the platform.Wirex Ltd., whose platform allows consumers …
Read More »Priority’s Revenue up 22% and other Digital Transactions News briefs from 5/13/21
Payments technology provider Priority Technology Holdings Inc. reported first-quarter revenue of $113.3 million, up almost 22% from $93.1 million. The latter figure omits $3.5 million in revenue from the company’s RentPayments business, which it sold in September.The Federal Reserve Bank of Atlanta formed the Special Committee on Payments Inclusion that will focus on advancing …
Read More »MoneyGram’s Bitcoin Gambit and other Digital Transactions News briefs from 5/12/21
MoneyGram International Inc. said it and Coinme Inc., a cryptocurrency exchange, are jointly offering a service to enable consumers to purchase Bitcoin with cash and withdraw Bitcoin value in cash. Initially, the service will be available at select U.S. MoneyGram locations in coming weeks. Eventually, the service will expand to include …
Read More »Repay To Acquire BillingTree and other Digital Transactions News briefs from 5/11/21
Repay Holdings Corp. said it is acquiring BillingTree, which provides payment services to the healthcare, credit union, accounts receivable management, and energy industries, for $503 million. BillingTree was founded in 2003. Repay also released its first quarter results with $47.5 million in revenue, a 20.3% increase from $39.5 million in the 2020 first …
Read More »Nuvei Volume Soars 132% and other Digital Transactions News briefs from 5/10/21
Payments provider Nuvei Corp. reported first-quarter volume of $20.6 billion, up 132% year-over-year, with e-commerce accounting for 87% of that total. Revenue grew 80% to $149.9 million. Nuvei was known as Pivotal Payments until rebranding in 2018.Kount, an authentication and fraud prevention provider, announced Kount Dispute and Chargeback Management Solution, a service that integrates …
Read More »Nuvei To Acquire SimplexCC for $250 Million and other Digital Transactions News briefs from 5/7/21
Payments provider Nuvei Corp. announced an agreement to acquire SimplexCC Ltd., whose technology enables market participants to buy or sell cryptocurrencies. The $250-million deal is expected to close in the second half of the year and comes on the heels of Nuvei’s agreement to acquire sports-betting technology specialist Mazooma Technical Services Inc. for $56 …
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