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- Cantaloupe Inc., a payments provider for the vending and self-service industries, reported it processed $703.5 million in volume in the June quarter, up 14% year-over-year, on 278.6 million transactions, up slightly from 274.6 million. It collected $64.2 million in revenue, an 11% rise.
- In a letter to shareholders, Innovative Payment Solutions Inc. chairman and chief executive William Corbett said the company is “for now” exiting its IPSIPay digital wallet and debit card business in favor of a new business line called IPSIPay Express (IPEX), an instant-settlement merchant-processing platform. IPSIPay had 66,000 downloads and more than 6,000 active wallet users as of June 30. “We have been unable to generate meaningful revenues from IPSIPay,” Corbett’s letter said.
- Health-care payments platform PatientPay said it is working with health-care technology provider SlicedHealth to provide billing and other services to SlicedHealth’s client medical facilities.
- The Western Union Co. has opened a “concept store” in Jordan to offer services surrounding money transfers. The company says it now has more than 70 of these stores worldwide.
- BNY Mellon launched Bankify, a service that relies on open-banking connections to allow consumers to pay Mellon business clients directly from their bank accounts. The open-banking service is provided by Trustly.
- Payments provider Repay Holdings Corp. said it will offer embedded payments through an agreement with Quadient, a specialist in accounts-payable automation.
- PayPal Holdings Inc. made good on its vow to enable Apple Pay support for its credit and debit cards, reported 9to5mac.com. Tapping on a banner in the PayPal app will add these cards to Apple Pay. PayPal said in November these cards would be added.
- The Clearing House’s Real Time Payments (RTP) network announced it processed 1 million payments in a day for the first time on Sept 1. Its quarterly rate is 60 million transactions, TCH said.
- Buy now, pay later specialist Affirm Inc. said it will work with online-travel platform Booking.com to offer payment options to users of the site.
- Payments provider iStream announced it will offer payments services in partnership with GrailPay, a payments software provider.
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