The decision over the weekend by three of the nation’s largest payments networks to introduce a new category code for gun shops could raise more questions for the payments industry than answers. The move by American Express Co., Mastercard Inc., and Visa Inc. would for the first time create a …
Read More »JPMorgan Acquires Renovite And Other Digital Transactions News briefs from 9/12/22
J.P. Morgan announced it has agreed to acquire Renovite Technologies Inc., a payments-technology company based in California, to help modernize the bank’s merchant-acquiring platform. Terms were not announced.The Western Union Co. announced it has acquired Te Enviei, a digital wallet based in Brazil, in an effort to introduce expanded Western Union services …
Read More »Aurora Payments Bulks up With Its Deal for the ISO One Payment
Aurora Payments LLC, which specializes in integrated-payments technology for small to medium-size businesses, has acquired One Payment, a Florida-based fintech payment company, for an undisclosed sum. One Payment services more than 6,000 merchants, with a focus on minority-owned small and medium-size businesses. The company processes more than $1 billion in …
Read More »Feeney Will Step Down As CEO of Cantaloupe Following Record Revenue Results
Sean Feeney, the veteran software executive and former U.S. Army officer who took over as chief executive of Cantaloupe Inc. in June 2020, will retire Sept. 30 and will be replaced by Ravi Venkatesan, who has been serving as chief operating officer of the vending-payments specialist since February. The move …
Read More »Lavu Partners With Up ‘n Go; BofA’s Payments Data And Other Digital Transactions News briefs from 9/9/22
Lavu, a payments-technology provider specializing in restaurants, said it is partnering with Up ‘n Go, a vendor of contactless-payment technology based on QR codes, for pay-at-table checkouts.Data from the Bank of America Institute indicate overall consumer spending seen by the big bank in August was up 13% over the same month in …
Read More »Zelle’s Big Results; Square’s Canada Gambit And Other Digital Transactions News briefs from 9/8/22
Block Inc.’s Square unit announced it has integrated accounting software from Sage into its point-of-sale software in Canada.A fintech called DailyPay launched a Visa-branded card called Friday that allows users to access earned pay before payday. The card is issued by The Bancorp Bank.Insurance-industry payments network ePayPolicy launched CheckMate, a facility that converts paper checks into …
Read More »Shift4 Ups Its Game As Rivalry Gets Intense in the Restaurant POS Market
Shift4 Payments Inc., which has built a large client base in the hotel and hospitality market, made a bid for greater share in the highly competitive restaurant POS market Tuesday with the introduction of SkyTab POS, a modular, Android-based software application that combines back-end functionality and point-of-sale capabilities in a …
Read More »Eight Embedded-Payments Players Issue a ‘Bill of Rights’ to Bolster Industry Ethics
Eight companies involved in the rapidly expanding industry of weaving payments capability into business software have announced an “Embedded Payments Bill of Rights” to stress ethical practices for the young industry. More companies will join these eight very soon, says Todd Ablowitz, co-chief executive and co-founder of Denver-based Infinicept, one …
Read More »Paysafe Bets on Iowa And Other Digital Transactions News briefs from 9/7/22
Paysafe Ltd. announced a link to mobile sportsbook ClutchBet that will allow Paysafe’s Skrill USA digital wallet and Paysafecash digital-cash platform to support online payments for ClutchBet’s Iowa sportsbook.Payments platform Spreedly launched a payments-orchestration capability for marketplaces and other merchant aggregators. Payments orchestration manages transactions arriving from various gateways and by means of …
Read More »Usio Forges Its Own Point-of-Sale Credit Service for Merchants
Usio Inc. is jumping into the point-of-sale credit arena with its own service, which enables businesses to offer instant credit to customers without the risk of consumer lending. Announced Tuesday, the service enables merchants to offer POS financing without integration issues or credit concerns, Usio says. “Any business that deals …
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