Luma Health Inc. debuted LumaPay, which allows patients to pay medical bills via text messages.U.S.-based payments provider FreedomPay said it is working with Network International to provide digital-payment capability to the hospitality industry in the Middle East and Africa region.Canada-based Kapsch TrafficCom announced it has now manufactured 100 million toll-payment transponders, which are used in …
Read More »Huntington Creates Payment-Strategy Unit and other Digital Transactions News briefs from 6/3/22
Huntington Bancshares Inc. said it is establishing a unit within the bank dedicated to payments strategy and investment. Amit Dhingra has been appointed to lead the group as Enterprise Payments Director.A platform called i-payout said it is launching a real-time service for payouts in the U.S. and Canada. Rather than …
Read More »Wirex Lists a New Stablecoin and other Digital Transactions News briefs from 5/31/22
Cryptocurrency-based payments platform Wirex listed a new stablecoin, NXUSD, on its platform and added support for it to its digital wallet.In related news, Asia-based crypto-investment platform Bit.Store said it is extending a partnership with crypto-based payments provider Alchemy Pay to add mobile wallets and domestic instant-transfer capabilities to Bit.Store alongside existing credit card and …
Read More »Cannabis Specialist POSaBIT Posts Strong Volume, Despite Industrywide Headwinds
Having weathered an industrywide downturn in sales that began during the third quarter of 2021, cannabis-payments processor POSaBIT Systems Corp. late Thursday reported strong first-quarter sales and revenue. Transactions totaled $103 million, a 61% increase from the same period last year, and revenues totaled $6.4 million, up 79%. Same-store sales …
Read More »Mastercard’s Cyber Front and other Digital Transactions News briefs from 5/24/22
Mastercard Inc. launched Cyber Front, a platform aimed at helping businesses and governments combat online intrusions through the simulation and assessment of cyber attacks.MoneyGram International Inc. said its shareholders have approved a previously announced, $1.8-billion acquisition by private-equity firm Madison Dearborn Partners LLC. The merger is expected to close in the fourth …
Read More »EVO Payments Acquires North49 and other Digital Transactions News briefs from 5/23/22
Payments provider EVO Payments Inc. announced it has acquired North49 Business Solutions Inc., to enable integrated payment services for businesses using the Sage accounting system. Terms were not announced.Restaurant specialist SpotOn released a report on the impact of inflation on restaurants that found the biggest average price increase was in seafood restaurants, up 19% …
Read More »Afterpay Now In-Store at Square Merchants and other Digital Transactions News briefs from 5/17/22
Square announced its Afterpay buy now, pay later service is available to in-person point-of-sale merchants in the United States and Australia who use Square Point of Sale, Square for Retail, Square Appointments, or Square for Restaurants. In the first quarter, Square, a unit of Block Inc., said the average transaction size with Afterpay …
Read More »Toast Renews US Foods Deal and other Digital Transactions News briefs from 5/16/22
Toast Inc., a payments-technology provider specializing in restaurants, said it has renewed its collaboration with US Foods, a distributor serving approximately 250,000 U.S. restaurants and foodservice operators.Investment firm Thoma Bravo has closed on its $2.6-billion acquisition of business-to-business payments provider Bottomline Technologies Inc. The deal was announced in December and approved by …
Read More »Kickfin Enlists Visa Direct for Tip Payouts and other Digital Transactions News briefs from 5/13/22
Kickfin, a tip disbursement provider, said its tie-in with Visa Direct, the card brand’s push payment service, will enable its clients to send cashless tip payouts directly to employees’ existing bank accounts via eligible debit cards.Buy now, pay later provider Affirm Inc. announced a multi-year extension of its agreement to provide installment-payment …
Read More »Checkout.com To Acquire ID Firm ubble and other Digital Transactions News briefs from 5/12/22
Payments provider Checkout.com has agreed to acquire ubble, a provider of identity-verification technology, in a transaction set to close later this year. Terms were not disclosed.The March 18 increase in the same-day limit to $1 million helped lift same-day ACH volume in the first quarter to $290.3 billion, up 53.3% year-over-year, Nacha said. Transactions …
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