Point-of-sale specialist CardFlight Inc. extended the ability to create invoices to its SwipeSimple app, a feature that was previously only available via the Web version. Meanwhile, Fiserv Inc. says the Prudential Center, where the National Hockey League New Jersey Devils play, will adopt Clover Sport point-of-sale hardware and software. New …
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Payments provider Nuvei Corp. announced an integration with Block Inc.’s Cash App, allowing Nuvei merchants to more easily adopt Cash App Pay for online checkouts. Worldpay LLC announced it is now operating as an independent company following the close of an $18.5-billion transaction that saw private-equity firm GTCR acquire 55% of its equity, …
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Mastercard Inc. is confronting a slowdown in dollar volume in its home market while it pushes into vital new markets like real-time payments and open banking, its presentation of fourth-quarter 2023 financial results indicated early Wednesday. Gross dollar volume of $727 billion in the December quarter represented a 4% rise …
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Payment technology provider Electronic Merchant Systems acquired PaymentCloud, an Encino, Calif.-based payment gateway provider. The acquisition will enable PaymentCloud to expand its merchant base while utilizing EMS’s technology services. The deal also solidifies the existing relationship between the two companies and positions Cleveland-based EMS to leverage PaymentCloud’s marketing and sales …
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KioSoft Technologies has agreed to license technology from PayRange Inc. in a deal that could exceed $62 million in value over a 10-year period. The agreement stems from a settlement of a four-year dispute in which PayRange, a provider of payments technology for the laundry and vending industries, alleged KioSoft infringed its …
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Amazon.com Inc. is offering buy now, pay later loans in Mexico through a partnership with Kueski Pay, a BNPL program in Mexico. Shoppers on Amazon Mexico can use Kueski Pay to pay for their purchases in four or 12 bi-weekly installments through a linked bank account or debit card, or …
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Most U.S. consumers—53%—concerned about a possible fraudulent transaction on their credit card statements make the first inquiry with the issuing bank, not with the merchant. That’s according to the newly released 2024 Cardholder Dispute Index released by Chargebacks911, a Clearwater, Fla.-based dispute-management company. Conducted in partnership with TSG, an Omaha, …
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Quisitive Technology Solutions Inc., a payments-technology provider and Microsoft Corp. cloud partner, announced Monday it has completed the sale of its LedgerPay Inc. subsidiary, including its PayiQ platform, to Fulcrum IT Partners for an aggregate price of up to $45 million. The sale price includes $27 million worth of preferred …
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PayPal Holdings Inc. has put its new stablecoin to work as an investment tool with a PayPal USD investment in Mesh Connect Inc., an embedded-finance platform. Announced Monday, the stake from PayPal Ventures, the digital wallet’s investment arm, was made almost entirely in PayPal USD, a stablecoin PayPal introduced in …
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American Express Co. reported record revenue and record earnings early Friday as it posted a fourth-quarter 2023 performance that the company says proves it has put the languor of the pandemic behind it. “Looking back over two years, we have achieved what we set out to do. We are a …
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