Competitive Strategies

Payments platform provider Payroc WorldAccess LLC has agreed to work with processor Moneris Solutions Corp. to provide card-present payments in Canada. The partnership with Toronto-based Moneris enables Tinley Park, Ill.-based Payroc to provide independent software vendors and small and medium businesses with a single platform for processing card-present transactions in …

Payments has always been an acquisitive business, as economies of scale loom large for CEOs and CFOs and buying that scale can often look cheaper and quicker than building it over time. But so far, activity in 2024 is mapping to what was seen last year—which is to say, slow. …

Sweden-based EasyPark Group, a provider of mobile apps for parking payments, is working with parking-technology firms ZipBy and Fennix to enable parking and gate-entry at parking lots throughout Vancouver, British Columbia. EasyPark expanded into North America in 2021 with its acquisition of Park Now Group, which included ParkMobile LLC. EasyPark acquired Park …

Mobile wallets vie for consumer attention, but tech-based ones are most favored as 54% of credit cardholders use one of the big three—Apple Pay, Google Wallet, or Samsung Pay—finds new research from Auriemma Group. Tracked by the New York City-based advisory firm since 2016 in its Mobile Pay Tracker, mobile …

Lightspeed Commerce Inc. announced it is working with US Foods Holding Corp., a large foodservice distributor, to sell Lightspeed’s payments technology for restaurants in the U.S. market. Embedded payments provider i3 Verticals Inc. reported $56 million in fiscal third-quarter revenue, down 2.3% from $57.3 million year-over-year. Its net loss increased to $8.3 million …

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. …