Online shoppers in the United States are projected to spend a record $23.8 billion during Amazon.com’s upcoming Prime Day event, a more than 28% increase from the prior year, according to figures released early Monday by digital publishing and services provider Adobe Inc. Amazon’s Prime Day event runs July 8 …
Read More »Thoma Bravo Acquires Olo; Shift4 Clinches Its Deal for Global Blue
Restaurant-technology provider Olo Inc. has entered into an agreement to be acquired by software-investment firm Thoma Bravo. Thoma Bravo has agreed to pay Olo shareholders $10.25 per share in cash, a 65% premium over Olo’s unaffected share price of $6.20 as of April 30, 2025. Thoma Bravo has placed Olo’s …
Read More »Payments Industry Support Builds to Eliminate the Federal Government’s Reliance on Paper Checks
Organizations representing the payments industry are coming out in support of the federal government’s move to eliminate paper checks for disbursements. Nacha, the governing body that oversees the ACH network, The Bank Policy Institute, The Clearing House Association, and the Consumer Bankers Association, have submitted comments to the Treasury Department …
Read More »Adyen Launches a Business Partner Program; Klarna And Affirm Add a BNPL Option for Tesla
Adyen NV unveiled an enhanced partner program early Tuesday that it says will provide its more than 1,000 business clients the resources, support, and incentives to deliver a better user experience to Adyen merchants. The new program gives Adyen business partners better visibility into Adyen’s product roadmap and integration expectations, …
Read More »AI-Assisted Mobile Device Takeovers Are Becoming a Threat to Consumers
While fewer consumers reported identity crimes between April 2024 and March 2025 compared to the same time a year earlier, the number of consumers reporting multiple identity crimes increased, The Identity Theft Resource Center says. In its annual industry report, the IRTC says reports of identity crimes declined 31% to …
Read More »Meijer Says Its Rewards Program Has Delivered Michigan Consumers $200 Million in Savings
Michigan consumers enrolled in Meijer Inc.’s mPerks rewards program saved nearly $200 million the past year, the Grand Rapids, Mich.-based supermarket chain announced late Thursday. To encourage consumers enrolled in mPerks to shop more often this summer, Meijer is offering customers the opportunity to earn 30 points on every gallon …
Read More »Wyndham Franchisees Tap Into Elavon’s Cloud-based Technology
Elavon Inc. announced Thursday it is expanding its two-decades-old-relationship with Wyndham Hotels & Resorts by making its Cloud Payments Interface available to more than 6,000 Wyndham franchisees in the United States and Canada. The scalable, cloud-based technology supports mobile check-in, reduces overhead costs, and minimizes security issues, the Atlanta-based merchant-services …
Read More »Early Warning’s Paze Gets a Big Boost From Fiserv
Fiserv Inc. announced late Tuesday it will begin offering Paze, the online-payment system from Early Warning Services LLC, to financial institutions. Fiserv will, in addition, support Paze across its e-commerce payments platform. The collaboration with Fiserv is expected to help Paze significantly expand its reach to banks and credit unions …
Read More »U.S. Consumers Embrace Digital Remittances, According to Visa Research
Some 55% of remittance-sending consumers expect to send more or the same amount of money overseas in 2025, says Visa Inc.’s “2025 Digital Remittances Adoption Report.” In 2024, global remittances totaled $905 billion, up from $865 billion in 2023, according to the World Bank, a 4.6% increase. In the United …
Read More »Cantaloupe Will Be Acquired by 365 Retail Markets in an $848 Million Deal
365 Retail Markets LLC, a provider of self-service commerce technology, has entered into an agreement to acquire Cantaloupe Inc. in an all-cash deal for $848 million in a deal that will take Cantaloupe private. Cantaloupe shareholders will receive $11.20 per share, a 34% premium. The deal is expected to close …
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