Zark Parking Solutions Inc., a parking-reservations platform, said it is adding payment options, including an integration with Apple Pay, single-click log-ins with Google and Apple, and its own Web app. Sales by U.S. small businesses grew 5.6% year-over-year in April, sending Fiserv Inc.’s April Small Business Index up four points to 145. …
Read More »Shrugging off Volatility, Crypto Enthusiasts Hike First Quarter Spending by 20%
When cryptocurrency prices rise, spending may dip, but only for a short time before users accelerate their purchases with Bitcoin and other digital coins, according to a report released Thursday by BitPay Inc., an Atlanta-based payments-service provider for crypto users and crypto-accepting merchants. The ”2024 BitPay Spending Report,” which covers …
Read More »Accel-KKR Picks up Accertify and other Digital Transactions News briefs from 5/3/24
Accertify, which provides fraud prevention, chargeback management, account protection, and gateway services, said private equity firm Accel-KKR completed the acquisition of the company from American Express Co., which it acquired in 2010. Terms were not disclosed. The U.S. Payments Forum announced a white paper exploring the links between connected cars and contextual …
Read More »Block Slams News Reports of a DOJ Investigation for Compliance Violations
Block Inc. chief executive Jack Dorsey fired back at news reports that the U.S. Department of Justice is investigating the company for alleged compliance lapses at Block’s Square and Cash App units. The reports “lack full context,” Dorsey said during Block’s quarterly earnings call late Thursday. News of the investigation …
Read More »Chase Adds a Pay-Per-Use Real-Time Payments Option for SMBs
Chase, the banking arm of giant JPMorgan Chase & Co., introduced a suite of digital products it says will help small businesses improve their cash flow and payment processing. Among the services are the ability to choose a payment speed, such as standard automated clearing house, same-day ACH, or real-time …
Read More »Worldpay PayFacs Get Tap-to-Pay on iPhone and other Digital Transactions News briefs from 5/2/24
Worldpay has made tap-to-pay on iPhone technology available to payment facilitators to offer to their merchants. Two payfacs, Fullsteam and Autobooks, have launched the service. Tap to pay lets merchants accept contactless card payments on an ordinary mobile phone with no additional hardware. Cantaloupe Inc., a supplier of payments technology for …
Read More »Potential Merchant Savings on Swipe Fees Is the Latest Payments Battleground
The war over the proposed Credit Card Competition Act shows no signs of abating as combatants on both sides of the fence continue their efforts to sway legislators and public opinion on the matter of card-acceptance costs. The latest battle centers on data from payments consultancy CMSPI that says merchants …
Read More »A Year After Closing, Global Begins to Reap Returns on Its $4 Billion EVO Deal
The top management at Global Payments Inc. said early Wednesday the company is beginning to reap the benefits it planned for when it paid $4 billion to acquire EVO Payments Inc., a processor with international merchant connections. The deal, which is now more than a year past its closing date, …
Read More »Mastercard Revenue up 10% and other Digital Transactions News briefs from 5/1/24
Mastercard Inc. reported $6.3 billion in first-quarter revenue, a 10.5% increase from $5.7 billion in the 2023 first quarter. It posted a quarterly net income of $3 billion, up 25% from $2.4 billion a year prior. Executives noted strong consumer spending, cross-border payments volume growth, and new deals across its regions …
Read More »Eye on Acquiring: Mohegan Picks PayNearMe in Pennsylvania; Xplor Capital Debuts
Online-gambling consumers in Pennsylvania using Mohegan Digital iGaming services will be able to use PayNearMe Inc.’s deposit and payout services. Announced Tuesday, the collaboration sees Santa Clara, Calif.-based PayNearMe’s MoneyLine as the exclusive payments platform for Mohegan Digital in that state. Mohegan, the Uncasville, Conn.-based parent company of numerous casinos, …
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