In 2020, mobile-wallet usage exceeded that of cash for in-store payments for the first time, according to the annual Global Payments Report by Worldpay from FIS. The report, which canvassed 46,000 consumers worldwide, found cash usage fell 10 percentage points to account for 20% of all face-to-face transactions.Inspriration4, the civilian-crewed space mission …
Read More »NMI Acquires USAePay and other Digital Transactions News briefs from 2/23/21
Gateway provider NMI said it acquired USAePay in a deal that will strengthen NMI’s coverage in verticals, including retail and restaurant, where USAePay has had success. The deal, terms of which were not disclosed, also will help create a stronger omnichannel capability for NMI. The combined company had more than $100 billion in annual …
Read More »Another Joins Isaacman Space Venture and other Digital Transactions News from 2/22/21
The planned Inspiration4 project, the first space flight with an all-civilian crew, added its second crew member, Hayley Arceneaux, a physician assistant in Memphis. Crew commander is Shift4 Payments Inc. chief executive Jared Isaacman.Credit union service organization PSCU said spending made with debit cards increased 12.5% for the week ending Feb. 14 compared to …
Read More »Promise Network Raises $20 Million in Funding and other Digital Transactions News briefs from 2/19/21
Promise Network Inc., a startup specializing in government-related payments such as utilities, child support, and parking tickets, said it has raised more than $20 million in a Series A funding round led by Kapor Capital and XYZ Venture Capital.A survey by payroll platform Everee Inc. of 400 U.S. independent contractors found that …
Read More »Wirex Preps for U.S. Debut and other Digital Transactions News briefs from 2/18/21
To support a cryptocurrency-payments launch set for April in the United States, London-based digital-payments platform Wirex has linked to crypto-trading firm Zero Hash. Harold Montgomery, former chief executive of independent sales organization Calpian Inc., is managing director for Wirex USA Inc.Parking-app provider ParkMobile LLC said its latest municipal agreement allows its app to be …
Read More »Klarna’s Crypto Foray and other Digital Transactions News briefs from 2/17/21
Payments provider Klarna AB has entered the cryptocurrency market with an agreement with Swedish crypto broker Safello, which is launching Klarna Open Banking to allow 180,000 Safello users to buy digital currencies directly from their bank accounts.Mastercard Inc. and payments provider Island Pay have collaborated with the central bank of the Bahamas to …
Read More »AeroPay Enters Online Cannabis Payments with Olla and other Digital Transactions News briefs from 2/16/21
AeroPay, a fintech that provides payment processing service to cannabis businesses, said it and Olla, an e-commerce platform for cannabis retailers, will offer online payments. AeroPay will be integrated as a cashless payment method to consumers ordering online through white-labeled e-commerce sites provided by Olla. Payments are made via bank-to-bank …
Read More »Boyd Gaming Debuts Wallet and other Digital Transactions News briefs from 2/15/21
Gaming-properties operator Boyd Gaming Corp. launched a digital wallet, working with gaming-technology provider Aristocrat Technologies and payments provider Sightline Payments. The service, called BoydPay, is live at Blue Chip Casino Resort Spa, Belterra Park, and Aliante Casino.Payments provider National Merchants Association launched a program that offers free credit card processing for three months and …
Read More »BNPL Specialist Affirm Adds 52% More Customers and other Digital Transactions News briefs from 2/12/21
Affirm Inc. said it had 4.5 million active customers in its fiscal 2021 second quarter ended Dec. 31, a 52% increase from the second quarter of fiscal 2020.Payments provider Repay Holdings Corp. said an integration with PN3 Solutions, a software provider for business-to-business payment automation, will allow PN3’s clients to complete payments to …
Read More »Uplift Signs Travel BNPL Clients and other Digital Transactions News briefs from 2/11/21
Buy now, pay later specialist Uplift Inc. said it signed new travel brands and experienced a 72% growth in monthly transaction revenue in the 2020 fourth quarter. New clients coming online in the second quarter include Alaska Airlines, Frontier Airlines, Virgin Voyages, and Air Canada Vacations.ACI Worldwide Inc. said it and Gilbarco Veeder-Root, …
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