Saturday , December 14, 2024

Competitive Strategies

Nuvei Readies UAE Expansion and other Digital Transactions News briefs from 6/25/24

The Canada-based processor Nuvei Corp. said it has received approval for a retail-services license from the central bank of the United Arab Emirates, laying the groundwork for an expansion into the UAE market. Fast-food chain Long John Silver’s said it is working with multiple technology vendors to update its digital and in-store ordering experience …

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Shopify Merchants Gain Access to Target Plus Marketplace

Some Shopify Inc. merchants will be able to get their products in front of more online shoppers via a deal the e-commerce platform has struck with Target Corp. Announced Monday, the deal enables select Shopify Inc. merchants to feature their products on Target Plus, the retailer’s third-party, curated marketplace. Target …

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After Coming ‘a Really Long Way,’ Paze Signs Sellers As It Executes a Staged Rollout

Paze, the online checkout platform backed by some of the nation’s biggest banks, is barreling through a state-by-state rollout that could culminate in nationwide coverage by late summer or early fall, according to James Anderson, the platform’s general manager who has spearheaded the project since Early Warning Services LLC announced …

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AmEx Looks to a Pair of Acquisitions to Raise Its Game in the Hotly Competitive Dining Market

American Express Co. early Friday announced it is acquiring Tock, a restaurant-reservation application, from Squarespace Inc. for $400 million, and Rooam, a contactless-payment platform for restaurants, bars, music venues, and arenas, for an undisclosed sum. Launched in 2014, Tock provides reservation, table-management, and event ticketing capabilities to 7,000 restaurants, wineries, …

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Working with Elavon, Delta Adopts Tap to Pay on iPhone for U.S. Flights

Delta Air Lines Inc. is adopting Tap to Pay on iPhone for its U.S. flights, a move made in conjunction with processor Elavon Inc. Delta has long accepted card payments on flights, having adopted a card-only policy in 2009 for North America flights, The Atlanta Journal-Constitution reported then. The move …

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Shift4 Marks Another Europe Deal and other Digital Transactions News briefs from 6/21/24

U.S.-based Shift4 Payments Inc. has deepened its penetration of the European market through an agreement to partner with Stockholm-based digital-payments platform OneMoneyWay to offer small merchants in the United Kingdom and Europe a combined business and payments platform. Shift4 recently took a majority stake in Germany’s Vectron Systems, a point-of-sale technology company. Strider, …

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Eye on Deals: Corpay’s Bid for GPS; JG Wentworth Snaps Up OttoPay; RevoluGroup Looks to Sell Its Spanish Unit

Corpay Inc. has reached an agreement to acquire GPS Capital Markets LLC, a provider of cross-border and treasury management technology for businesses primarily in the United States. Terms of the deal, which is expected to close in early 2025, were not disclosed. Founded in 2002, GPS Capital Markets provides corporate …

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FEVO Picks Shift4 for Processing

FEVO Inc., an online shopping tool that enables consumers to share purchases with their friends, says it will use Shift4 Payments Inc. as its preferred payment processor for all music festivals and general-admission events. New York City-based FEVO’s model is built on enabling consumers to shop together without leaving a …

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Apple Pay Later Is Shutting Down in Favor of Third-Party BNPL Providers

Apple Pay Later, the buy now, pay later product from Apple Inc. released just over a year ago, is shutting down. The move comes after installment-payment specialist Affirm Inc. confirmed it would be part of Apple Wallet when the tech giant’s annual software updates for iPhones and computers emerge this …

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Eye on Ticketing: Shift4’s San Diego FC Ticket Win; Passport Preps for College World Series

A new soccer club in San Diego will use Shift4 Payments Inc. for its ticketing transactions, while Passport Inc. readies its parking expertise for the NCAA Men’s College World Series this week. Allentown, Pa.-based Shift4 says its payments technology will undergird ticket transactions for the new Major League Soccer team, …

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Digital Transactions