Two years after it acquired the big point-of-sale technology company Ingenico S.A., the French processing giant Worldline S.A. has launched negotiations to sell the business to the asset-management firm Apollo Global Management Inc. The terms worked out so far, based on a binding offer from New York-based Apollo, call for …
Read More »Buy Now, Pay Later Kingpin Klarna Opens a U.S. Waiting List for Its Visa Card
Klarna AB, the Sweden-based buy now, pay later giant with a major stake in the U.S. market, has opened a waiting list for its Klarna Card in the United States. The cobranded Visa card, to be issued by Salt Lake City-based industrial bank WebBank, follows Klarna’s convention of allowing users …
Read More »Amazon Comes to Terms With Visa After Dropping Its Threat to Ban Visa Cards in the U.K.
With a crucial card-acceptance market at stake, Amazon.com Inc. has reportedly struck a deal with Visa Inc. to continue taking Visa cards issued in the United Kingdom. The agreement comes nearly a month after Amazon dropped a threat to stop taking the cards and said it would negotiate with Visa. That …
Read More »Shift4 Snags D.C.’s Audi Field As Its Latest Sports-Venue Client for Mobile Transactions
As sports fans return to stadiums after nearly two years of the Covid pandemic, payment processors are eyeing a big opportunity for transaction volume. In the latest development, one of the biggest players in this game, Shift4 Payments Inc., said early Wednesday it has signed Audi Field in Washington, D.C., …
Read More »FIS’s Top Brass Looks for Big Results Among Small Sellers Following the Payrix Deal
FIS Inc.’s acquisition of Payrix Solutions LLC, announced Monday, comes as e-commerce is booming and as payments platforms are weaving payments capabilities into the software they’re selling to online merchants. The deal will also help FIS, known for its processing capabilities for enterprises, reach small and medium-size online sellers, top …
Read More »Paysafe Extends Its Reach in U.S. Sports Betting With Deals in Louisiana And Oregon
The major United Kingdom-based payments processor Paysafe Ltd. has extended its reach in the U.S. sports-betting market, announcing early Monday deals to support bettors’ deposits by credit or debit card in Louisiana and Oregon. Driving Paysafe’s latest gambit in mobile sports betting includes contracts with venue-operator Caesars Entertainment Inc. and betting …
Read More »Affirm Logs Big Gains From Its Shopify And Amazon Deals While Addressing a CFPB Probe
When it comes to fast growth, it doesn’t hurt to have huge merchant platforms like Amazon.com Inc. and Shopify Inc. in your corner, a proposition Affirm Inc. underscored late Thursday as it reported huge increases in merchandise volume, active users, and other indicators. “We feel great about our progress,” said …
Read More »Apple Targets the Terminal Market, But Terminal Execs And Rivals Are Far From Flustered
Apple Inc. rattled the payments industry on Tuesday with its announcement of technology that will let merchants accept card and Apple Pay transactions directly on an off-the-shelf iPhone with no attachments, but rivals say they’re taking the news in stride. “We’ll feel some impact, we’ll feel it a little bit, …
Read More »An Acquisitive Fiserv Adds Finxact for Cloud-Based Digital Banking Services
Fiserv Inc. has been an acquisitive company since its merger in 2019 with First Data Corp., and on Tuesday its top management said its latest acquisition will accelerate the company’s penetration of the growing market for digital-banking services provided not locally but through a cloud configuration. The $650-million deal for …
Read More »BofA Posts a Big January in Payments Thanks to Surging Migration Away From Paper
If the nation’s second-largest bank is any indication, total consumer payments are booming despite the pandemic, while digital alternatives are gaining ground fast, in part because of the pandemic. Bank of America Corp. reported early Monday spending by consumer customers in January rose 17% compared to January last year, resulting …
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