Fiserv Inc.’s Small Business Index dipped four points in June to 140 amid a slowdown in consumer spending. Lower average tickets helped bring the separate transaction index down to 111 from 113 in May. Canada-based Digital Commerce Payments announced it has closed on its $1.5-million acquisition of the product information management business of Jasper …
Read More »Canadian Processor Helcim Looks to Draw More Partners With a Revenue Split
The Canada-based payments provider Helcim Inc., which like many processors works with a range of third-party partners, said late on Tuesday it is stepping up that collaboration to allow these integration partners to share in the company’s transaction revenue. Helcim figures revenue sharing will help attract yet more developers and …
Read More »Netevia Lines up $120 Million in Funding and other Digital Transactions News briefs from 7/3/24
Payments provider Netevia Group LLC said it raised up to $120 million committed and uncommitted capital from private investment firm WhiteHorse Capital. Ant Group and Mastercard Inc., and 12 other Ant payment partners have extended the International Consumer Friendly Zones program to Chengdu and Chongqing because inbound tourist travel is increasing in the region. They launched …
Read More »How the Supreme Court Has Set up an Intense Struggle Over Sellers’ Debit Card Costs
Decisions from the U.S. Supreme Court are supposed to settle matters, but a verdict the high court delivered early Monday has the potential to stir up debit card pricing questions for some time to come, some observers say. The justices, in a 6-3 decision, ruled a case brought by a …
Read More »Raptor Acquires PayK12 and other Digital Transactions News briefs from 7/2/24
Raptor Technologies, a provider of software to schools, announced it has acquired PayK12, a platform for online payments and event ticketing for schools from kindergarten through 12th grade. Terms were not announced. Payments-technology provider SpotOn said it has joined the U.S. Foods Check Business Tools program, which provides technology and services to …
Read More »Nayax Readies EV CloudPay for Burgeoning Electric Vehicle Charging Payments
Payments and commerce platform Nayax Ltd. is tapping the cloud to enable its EV CloudPay service designed for payments at electric-vehicle charging stations. Announced Monday, EV CloudPay enables motorists to pay for EV charging with a credit card, debit card, or mobile wallet via a physical payment-processing kiosk at charging …
Read More »Tiptop Adds a New Twist to BNPL By Applying Trade-In Value to New Purchases
Tiptop Labs Inc., a payments-service provider, has launched a buy now, pay later program that allows consumers to trade in items for a credit toward a new purchase with select e-commerce merchants. The idea of applying trade-in value for a new purchase grew out of a trade-in-only app Tiptop launched …
Read More »Credit Cards Remain the Preferred Travel Payment Option for 58% of North Americans
The iconic ad slogan “don’t leave home without it” may have had its heyday in the 1970s, but its message still rings true for many consumers, especially when they travel. Among North American consumers, 58% prefer to use a credit card when traveling, found a new report from TSG, a …
Read More »Payroc’s Deal With i3 Verticals and other Digital Transactions News briefs from 6/27/24
Payments provider Payroc WorldAccess LLC has agreed to pay $440 million to acquire the merchant-of-record payments business of i3 Verticals Inc., a provider of software and services to public and private companies. Afterpay, a buy now, pay later platform and part of Block Inc., said 82% of BNPL users said the service …
Read More »Merchants Look Forward to Their Day in Court After Judge Brodie Rejects the Interchange Settlement
Merchants are looking forward to making their case now that a judge has rejected a proposed settlement of their two-decades-long litigation with Visa Inc. and Mastercard Inc. over transaction costs. Late Tuesday morning, Margo K. Brodie, U.S. District Court Judge for the Eastern District of New York, issued a written …
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