Competitive Strategies

When talking about crypto exchanges, it’s common to divide them into the big, stable, safe, reliable ones on the one hand, and the little, unknown, shady, and suspicious ones on the other. However, the Financial Conduct Authority (FCA), the UK’s financial regulator, seems not to have a very high opinion …

In response to small and mid-size businesses’ need for capital as the economy re-opens in the wake of the Covid-19 pandemic, payment-technology provider Veem Inc. on Thursday introduced two new short-term lending options as part of its Veem Capital offering. The first option, Pay Later, allows small and mid-size businesses …

The U.S. Department of Justice on Wednesday lent its weight to a proposed rule from the Federal Reserve Board that would reinforce merchants’ choice of networks for e-commerce transactions arising from debit cards. At the same time, it suggested the rule could be made more stringent. Justice’s support for the …

Vehicle-based payments got a boost Wednesday with BlackBerry Ltd.’s introduction of a new app to enable secure payments from a car’s dashboard. The app, which leverages the concept of the connected car, acts like a mobile wallet that connects to a payment network to enable a variety of transactions, including …

With a Federal Reserve deadline hitting Wednesday for comments on decade-old debit card regulations, large merchants are firing some last-minute salvos in hopes of influencing the Fed to make major revisions to rules governing transaction routing and pricing. “[M]ajor banks and networks continue to interfere with competition for debit business,” …

Cloud-based point-of-sale maker Revel Systems said Dave’s Hot Chicken restaurant chain will use Revel Enterprise for its POS system. In the first quarter, the chain said its newly signed franchisees expanded the number of locations to more than 400.Payments provider Qualpay said it will process transactions for FuelMor, a software platform for propane suppliers.Buy …

Paymentus Holdings Inc., a provider of cloud-based bill-payment technology, announced Tuesday it has agreed to acquire Payveris LLC, a digital money-movement platform, in a deal valued at $152.2 million. Paymentus will pay 56% of the purchase price in cash and the remainder in Paymentus Class A common stock. The acquisition …

With credit card acceptance rates expected to rise next spring, payments-technology firms are starting to launch services for merchants that they say will soften the blow. The latest comes in the automobile-repair industry with an announcement Tuesday by Facepay Inc. of general availability of a service aimed at replacing credit …

Repay Holdings Corp. said its second-quarter card payment volume of $4.6 billion increased 28% from $3.6 billion in the 2020 second quarter. Revenue of $48.4 million was up 32.6% from $36.5 million a year ago. Repay had a net loss of $13.4 million, an improvement from its $83.2 million loss in …

One consequence of the pandemic has been a boom in e-commerce. And now consumers can purchase automobiles online just as easily as they can most any other product.  Otoz, a subsidiary of business-services and enterprise-software provider Netsol Technologies Inc., announced on Monday its e-commerce app for Mini auto dealers is …