Competitive Strategies

There are a lot of conflicting economic forecasts about what lies ahead for the rest of 2024. Of course, it is said that economic forecasting exists only to validate astrology, but two things are certain: increased global trade and shifting populations due to migrations by higher-income-seeking migrant labor. Both of …

Galileo Financial Technologies expanded its relationship with The Bancorp Bank NA that now includes access to the RTP network, the real-time payments service from The Clearing Payments Co. LLC. Apple Inc. was hit with a $2 billion fine by the European Union over its European app store payment practices, CNN reported. Synchrony …

In its first earnings report since its split from the former NCR Corp., point-of-sale and digital-commerce technology provider NCR Voyix Corp. on Thursday said it added 14,000 sites to its platform in 2023. Atlanta-based NCR Voyix’s platform handles payments, business-management and marketing functions for retailers, restaurants, and banks, and the …

With money mule activity on the rise, Nacha, the governing body for the automated clearing house network, has released an infographic to educate consumers about unwittingly becoming money mules. Money mules help criminals launder money from online scams, fraud or crime, such as human and drug trafficking, unknowingly or knowingly. …

Relay Payments Inc. said it is providing payment services to Solid Rock Carriers, an over-the-road trucking company. The move should help Solid Rock’s efforts to streamline payments and reduce fraud, Relay said. Payments provider Payoneer Global Inc. posted fourth-quarter revenue of $224.3 million, a 22.2% increase from $184.6 million in the 2022 fourth …

Shift4 Payments Inc. went public in June 2020 after more than two decades as a privately held processor, but now its senior management may be looking for greater returns via an acquisition by an outside company. Both the processing giant Fiserv Inc. and a Spain-based reservations-processing company called Amadeus could …

Credit card issuers claimed the top three spots in J.D. Power’s second annual buy now, pay later satisfaction study, with American Express Co.’s Plan It topping the list. JPMorgan Chase’s My Chase Plan and Citibank’s Citi Flex Pay rounded out the top three. American Express’s Plan It, which it launched …

Hospitality point-of-sale specialist Qu Inc. announced GoTo Foods, owner of brands Auntie Anne’s, Cinnabon, Carvel, Jamba, McAlister’s Deli, Moe’s Southwest Grill, and Schlotzsky’s, will use the Qu POS platform across these brands. GoTo Foods said it has more than 6,700 global locations. Payments platform ACI Worldwide Inc. reported December-quarter revenue of $476.6 million, up …

With 29 days until Major League Baseball’s opening day on March 28, the New York Yankees have selected Shift4 Payments Inc. as the team’s concessions and retail sales point-of-sale system provider. Announced Wednesday, the deal will see Shift4 payment technology deployed at Yankee Stadium and at the George M. Steinbrenner …

Having closed on two key acquisitions, the big processor Shift4 Payments Inc. is looking to expand its business in Canada and Europe and build on its new beachhead in sports arenas, top management said early Tuesday. With its $100-million deal last fall to acquire Appetize Technologies Inc. from SpotOn Transact …