Software companies are a preferred client for payment gateways, with 74% of gateways targeting them in their sales efforts, according to the latest edition of the Payment Gateway Directory from TSG, formerly The Strawhecker Group. TSG says in addition to software companies as favored clients, 83% of gateways target merchant …
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The claims process begins today for merchants to file for a share of the $5.54-billion settlement of a massive lawsuit originally filed more than a decade ago that alleged that Visa, Mastercard, and banks had violated antitrust laws in setting fees for card acceptance. The number of merchants involved is expected to …
Read More »Payments-platform provider Payroc LLC has launched an application programming interface that enables clients to offer its PayByBank solution in the United States and Canada through a single interface. Before this launch, Payroc clients needed separate interfaces to offer PayByBank in each country. The single interface eliminates the need for multiple …
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Relay Payments, a fintech specializing in payments for the trucking and logistics industries, added convenience-store chain Yesway to its roster of locations. Announced Thursday, the expansion adds to the more than 1,500 truck stops nationwide that accept Relay’s cardless payment method. Yesway also owns the Allsup convenience-store chain. Drivers who …
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Priority Technology Holdings Inc. said its MX Merchant Suite software will integrate a platform from payments-technology provider Datacap. Mastercard Inc.’s Dynamic Yield technology unit launched a generative AI (artificial intelligence) tool that is aimed at helping consumers search for products in a merchant’s digital catalog. Authvia, a provider of tokenized pay-by-text technology, …
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Shift4 Payments Inc. continues to build out its footprint in sports and entertainment venues through an expanded deal with the Orlando Magic of the National Basketball Association. Under the terms of the deal, announced early Wednesday, Shift4 will process transactions at all concession stands within the Amway Center, home of …
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Nuvei Corp. launched card issuing in 30 markets in Europe with 2024 plans to expand it to the United Kingdom, the United States, and Latin America. The program enables clients to offer physical and virtual white-labeled cards. Payments-technology provider BHMI said it will market its software through a reseller agreement with NCR …
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Digital gift cards are a hot product, and that’s attracting the interest of payments players looking to make acquisitions to enter or bulk up their assets in this market. In the latest deal, the Hamilton, Ontario-based point-of-sale payments platform Ackroo Inc. early Tuesday announced it has agreed to acquire the …
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Square and Afterpay merchants counted 70 million transactions over the Black Friday-Cyber Monday holiday weekend, up 14% from the same period in 2022, Square said. In-person shopping increased 15% year-over-year. Amendments under consideration by Australia’s national government would impose on digital wallets like Apple Pay and Google Pay the same regulations as those enacted …
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Holiday shoppers are projected to spend a record $12 billion to 12.4 billion online on Cyber Monday 2023, according to Adobe Analytics. Cyber Monday caps off the first weekend of the traditional holiday shopping season that begins Thanksgiving Day. Overall, Adobe projects online sales for the five days between Thanksgiving …
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