Wednesday , January 8, 2025

Acquiring

Eye on Processing: Cantaloupe Quarterly Revenue up 8%; Repay Boasts 4% Revenue Bump

Unattended payments and software specialist Cantaloupe Inc. boosted its roster of customers in its fiscal 2024 first quarter, which helped increase the company’s revenue to $62.7 million, up 8.5% from $57.8 million in the 2023 first quarter that ended Sept. 30. Malvern, Pa.-based Cantaloupe said the number of active customers …

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COMMENTARY: Why Every Payments Provider Should Launch a Capital Offering

Trust is the linchpin of payments processing. Whether it’s business-to-business or business-to-consumer, people want someone they trust to help them facilitate their money movements. This is why community banks remain resilient, even when grappling with stringent regulations and battling against giant global banks. It’s the same reason small businesses retain …

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Alkami in Plaid Tie up And Other Digital Transactions News briefs from 11/10/23

Digital-banking software provider Alkami Technology Inc. said it has enabled access for client banks to open-banking network Plaid via an application programming interface. Lightspeed Commerce Inc., a specialist in payments processing for the hospitality industry, launched “Luminaries,” a planned series of interviews with the leaders of client businesses, starting with the corporate …

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A New Merchant Group Voices Opposition to a Bill Aimed at Credit Card Acceptance Costs

The political battle over the Credit Card Competition Act has heated up as the Small Business Payments Alliance (SBPA), a recently formed merchant trade group, has come out in opposition to the proposed legislation. The group argues that, if passed, the CCCA would harm small businesses. The SBPA, which held …

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Avelo Airlines All in with PayPal And Other Digital Transactions News briefs from 11/9/23

Avelo Airlines said it has entered a multi-year agreement to adopt payments services from PayPal Holdings Inc., including Pay in 4, PayPal’s buy now, pay later service, as well as PayPal Checkout and Braintree, PayPal’s transaction processor. U.S.-based payments platform FreedomPay said it will support transactions for Pennies, a United Kingdom-based fintech that …

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Shift4 Embraces M&A As Its Finaro Deal Finally Closes And More Stadium Business Beckons

The payments business may be shying away from the mergers-and-acquisitions market for the time being, but that’s not a strategy Shift4 Payment Inc.’s boss is interested in imitating. “Now, there’s a general distaste for acquisitions. That’s not a mistake we’re going to make,” declared Shift4 chief executive Jared Isaacman early …

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Chargebacks911 in FTC Settlement And Other Digital Transactions News briefs from 11/8/23

The Federal Trade Commission and the state of Florida reached a settlement with Chargebacks911 in a lawsuit they filed in April alleging the company and its owners use multiple unfair techniques to prevent consumers from winning chargeback disputes. The settlement would prohibit them from providing chargeback mitigation services to high-risk clients that use affiliate …

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FIS Still Sees Opportunity in Payments in the Wake of Its Approaching Sale of a Big Worldpay Stake

FIS Inc. is selling a majority stake in its massive Worldpay transaction-processing operation, but that doesn’t mean the company is ditching the payments business, its chief executive made plain early Tuesday. “We have not moved totally away from that,” Stephanie Ferris told equity analysts during an early-morning call to review …

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CPI Revenue Drops 15% And Other Digital Transactions News briefs from 11/7/23

Card manufacturer CPI Card Group Inc. reported $105.9 million in third-quarter revenue, a 15% decrease from $124.6 million in the 2022 third quarter. It had a profit of $3.9 million, a 67.2% decrease from $11.9 million a year ago. Cautious consumer spending and a focus on managing inventory levels likely had an …

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OpenTable And Uber Team Up To Stimulate Diner Traffic During San Francisco’s Restaurant Week

Restaurant-management platform provider OpenTable Inc. is offering 1,000 vouchers for Uber rides to diners eating at restaurants participating in San Francisco’s Restaurant Week. The promotion is intended to encourage visitors and locals to dine out during the event, which actually runs for two weeks from Nov. 3 through Nov. 16. …

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Digital Transactions