Competitive Strategies

Two payments companies are turning to the investment market to raise funds with public offerings. EVO Payments International says it began its roadshow to promote its initial public offering it announced in April. If successful, the IPO could generate anywhere from $186,666,662 to $213,333,328, based on a share value ranging from $14 …

Visa Inc. and PayPal Holdings Inc. have extended to Canada an agreement they made in 2016 that gives PayPal access to Visa’s tokenization engine in return for promoting Visa products for PayPal account funding. In related news, Visa said it is expanding its Visa Direct service in Canada, with processor …

First Data Corp. is betting big on integrated payments, and Square Inc. is adding a restaurant-specific point-of-sale system to capture more transactions from larger merchants. Atlanta-based First Data was one of the investors in a $12 million funding round for Salido Inc., a restaurant POS system provider, reported CNBC.com Wednesday. …

Jim Lofgren has been appointed chief executive of Nosto, an online retail personalization firm. Most recently, Lofgren led Klarna AB’s North American operations. Payments provider First Atlantic Commerce announced an expansion into Canada through its virtual terminal for call centers. Bluefin Payment Systems is providing point-to-point encryption services as part …

Unattended payments continue to bear fruit for USA Technologies Inc. as the company said its connections increased 92.3% in its fiscal third quarter from a year ago. Malvern, Pa.-based USAT said its connections totaled 969,000 in the quarter ended March 31, up from 504,000. Its total number of customers, at …

Microsoft Corp. is adapting its Microsoft Pay wallet to allow users of Outlook to pay bills and invoices they receive in the email program. The new feature, announced Monday at a company-sponsored developer conference, will become available to “a limited number” of users of Outlook’s Web-based service “over the next …

Payments provider St. Louis Merchant Services announced it is offering the PayLo Cash Discount Progam from SignaPay Ltd. Fiserv Inc. has teamed with fraud-analytics firm Rippleshot to offer Card Risk Office, an early-detection service that allows client institutions to identify potential fraud anywhere from 30 days to 60 days before …

An airline trade group has teamed up with Germany’s Deutsche Bank to develop a payment system that would bypass the credit card networks, potentially saving users billions in interchange. The proposal comes from the International Air Transport Association, which says it has 280 members representing 83% of air traffic. The …

A new entry in the arena for payments-related acquisitions, Syncapay, is targeting specialists in disbursements and payouts. Plano, Texas-based Syncapay debuted last week with the intent to acquire payments companies that could benefit from shared services, while retaining the autonomy that differentiates them. “We are not looking at doing a …

Ripple Labs Inc. has notched a number of successes lately for its distributed-ledger technology, but now it finds its cryptocurrency, known as XRP, is caught up in a lawsuit that reflects a larger debate over whether such digital tokens constitute securities. Ryan Coffey, an investor who bought XRP in January …