Fanatics Betting & Gaming, which launched its first retail sports-betting location in January and its mobile sportsbook in May, will use the card-payment and alternative-payment methods offered by Paysafe Ltd. Announced Monday, the integration will enable U.S. bettors on the Fanatics platform to make deposits and receive payouts in a …
Read More »
Payments platform Klarna AB added a service in the U.S. market that enables “creators” to open customized online storefronts. PCI Pal, a provider of compliance technology for the Payment Card Industry data-security standard, said it is working with Zoom Video Communications Inc. to launch its services with Zoom Contact Center and Zoom …
Read More »
Unattended payments and software specialist Cantaloupe Inc. boosted its roster of customers in its fiscal 2024 first quarter, which helped increase the company’s revenue to $62.7 million, up 8.5% from $57.8 million in the 2023 first quarter that ended Sept. 30. Malvern, Pa.-based Cantaloupe said the number of active customers …
Read More »
Trust is the linchpin of payments processing. Whether it’s business-to-business or business-to-consumer, people want someone they trust to help them facilitate their money movements. This is why community banks remain resilient, even when grappling with stringent regulations and battling against giant global banks. It’s the same reason small businesses retain …
Read More »
The political battle over the Credit Card Competition Act has heated up as the Small Business Payments Alliance (SBPA), a recently formed merchant trade group, has come out in opposition to the proposed legislation. The group argues that, if passed, the CCCA would harm small businesses. The SBPA, which held …
Read More »
Bitcoin Depot Inc. looks to expand the installation of its cryptocurrency kiosks in a new deal with Cord Financial Services LLC. Separately, RocketFuel Inc. will adopt Ripple Payments for its payment-products suite. Atlanta-based Bitcoin Depot, which recently expanded the footprint of its BDCheckout cryptocurrency digital-wallet funding program, says it will …
Read More »
The payments business may be shying away from the mergers-and-acquisitions market for the time being, but that’s not a strategy Shift4 Payment Inc.’s boss is interested in imitating. “Now, there’s a general distaste for acquisitions. That’s not a mistake we’re going to make,” declared Shift4 chief executive Jared Isaacman early …
Read More »
The Federal Trade Commission and the state of Florida reached a settlement with Chargebacks911 in a lawsuit they filed in April alleging the company and its owners use multiple unfair techniques to prevent consumers from winning chargeback disputes. The settlement would prohibit them from providing chargeback mitigation services to high-risk clients that use affiliate …
Read More »
Long-time credit union service and financial-technology providers PSCU and Co-op Solutions announced a merger late Monday. The merged entity, which has yet to be named, will create an end-to-end payments system for credit unions of all sizes, PSCU chief executive and president Charles E. “Chuck” Fagan, promised during a press …
Read More »
FIS Inc. is selling a majority stake in its massive Worldpay transaction-processing operation, but that doesn’t mean the company is ditching the payments business, its chief executive made plain early Tuesday. “We have not moved totally away from that,” Stephanie Ferris told equity analysts during an early-morning call to review …
Read More »
Digital Transactions Authoritative, insightful and timely information for payments professionals
