Competitive Strategies

Having finished what its chief executive called “a very busy quarter,” the major processor Shift4 Payments Inc. early Thursday reviewed recent moves in acquisitions, stadium deals, and point-of-sale technology, both for its longstanding position in the U.S. hospitality market and overseas. Even more ambitious initiatives are looming, promised chief executive …

Consumers are using their debit cards more frequently than ever and generating higher tickets in the process, according to a report based on data from the Pulse electronic funds transfer network. Active debit card holders now use their cards 34.6 times per month on average, up more than 4% year …

Global Payments Inc. remains invested in growing by acquisition, but it’s equally committed to growth via third-party agents such as independent software vendors and payment facilitators, its chief executive said early Wednesday as he reviewed his company’s June-quarter results and discussed its strategies in the two markets it straddles—issuing and …

Hospitality point-of-sale maker Toast Inc. said it now serves 120,000 merchant locations as of the end of the second quarter, a 29% increase from the same period a year ago. Its gross payment volume jumped 26% year-over-year to $40.5 billion. Toast posted second quarter revenue of $1.24 billion, a 27% increase from …

PayPal Holdings Inc. Tuesday announced its Fastlane By PayPal checkout service is now officially available to merchants of all sizes in the United States. PayPal began piloting Fastlane, which speeds guest checkout by allowing online shoppers to complete a purchase in one click, earlier this year with BigCommerce Inc. merchants. …

FIS Inc. isn’t quite the factor in merchant processing it once was, but the big Jacksonville, Fla.-based processor remains a significant factor in digital payments, specifically for banks, its top management was at pains to stress early Tuesday as the company reported its second-quarter results. “We’re very pleased with our …

Drug store chain Walgreens announced it is enabling online SNAP/EBT payment acceptance via Instacart nationwide at more than 7,500 Walgreens stores, including more than 100 Duane Reade stores in New York. Most Walgreens locations already accept SNAP/EBT payments in store. Walgreens also added DoorDash Inc.’s SNAP/EBT acceptance earlier this year. In related news, Instacart also announced …

Bitcoin Depot Inc. has added more than 1,500 merchants across six more states to its BDCheckout program, which allows consumers to load cash into their Bitcoin Depot wallets at participating merchants. The expansion brings the number of BDCheckout merchants to 7,723 in 31 states. The new states into which Bitcoin …

Major payments providers have focused in recent years on signing and providing devices and services for restaurants, but that big bet may be taking at least a temporary beating, according to the latest Small Business Index from the big processor Fiserv Inc. The overall index, which is derived from Milwaukee-based …

Payments provider North American Bancard has rebranded as North. The independent sales organization, which debuted in 1992, said North is emblematic of upward movement. Its values, business strategy, and merchant commitment stay the same, North said in a blog post.  Nuvei Corp. said it will acquire Pay2All Instituição de Pagamento Ltda., a …