Competitive Strategies

Paya Holdings Inc. has been among the payments industry’s more acquisitive processors, and on Friday morning its chief executive made plain the company isn’t ruling out bigger deals. “You can see our balance sheet, our leverage, and the powder is certainly there to do larger transactions,” chief executive Jeff Hack …

Processing and banking services giant FIS Inc. said revenue from its digital-only merchants increased 28% in the first half of the year, while its merchant solutions overall experienced a 12% growth in revenue in the second quarter. Jacksonville, Fla.-based FIS said continued e-commerce growth aided to that expansion. And it …

Shift4 Payments Inc. has long made no secret of its plans to expand the average size of the merchants it serves, but early on Thursday its chief executive made the company’s overarching strategy crystal clear following recent signings of such international clients as Time Inc. and SpaceX’s Starlink satellite business, …

Mastercard Inc. said July retail sales increased 11.2% from July 2021. E-commerce sales were up 11.7% and in-store sales increased 11.1% for the same period.Payments provider ACI Worldwide Inc. reported $340 million in revenue for its June quarter, up 13% year-over-year.In related news, ACI’s Speedpay will integrate with the Vindicia platform from technology firm Amdocs …

Splitit USA Inc. furthered the expansion of buy now, pay later loans beyond the point-of-sale Wednesday through its parentship with letus (formerly RentMoola), a Vancouver, B.C.-based fintech that provides rent advances, credit reporting, and other consumer-credit solutions. By partnering with Splitit, letus can offer tenants the option of spreading monthly …

North American Banking Co. said it can offer customers instant payments to and from any financial institution linked to The Clearing House Payments Co.’s Real Time Payment network. The new service relies on NABC’s ExcheQ application and technology from Open Payment Network.Payments provider Waitr Holdings Inc. announced it will provide stadium ordering to …

After a few stumbles in recent months, PayPal Holdings Inc. returned to growth mode in its June quarter as the big payments provider refocused its energies on its basic businesses, including checkout, peer-to-peer payments, and the Braintree processing operation. “We are well under way toward regaining our momentum,” chief executive …

The cost of fraud to U.S. merchants increased 4.2% in 2022, up from $3.60 to $3.75 for every dollar lost to fraud. That’s the latest from the 2022 edition of the LexisNexis Risk Solutions “True Cost of Fraud Study: Retail and Ecommerce” report released Tuesday. The metric had been $3.13 …

The U.S. automated clearing house network saw a double-digit increase year-over-year in transactions in the second quarter while dollar volume ballooned 94%, the network operator Nacha reported Tuesday morning. The volume of all transactions on the system, meanwhile, reached 7.5 billion, up from 7.3 billion in the first quarter. Helping …

American Express Co. launched American Express Global Pay, a digital payment service to enable U.S. businesses to make domestic and international business-to-business payments. Eligible U.S. AmEx Small Business cardholders can fund payments from their business bank accounts to suppliers in more than 40 countries with a dozen currencies.RevoluGroup Canada Inc., a payments-technology provider, …