Thursday , December 12, 2024

Digital Currency

Shift4 Lands Petco Park Processing and other Digital Transactions News Briefs from 3/25/21

Shift4 Payments Inc. said it will process all payment transactions at Petco Park, home of the San Diego Padres. The deal follows Shift4’s expansion into stadiums and other venues through its recent acquisition of VenueNext Inc.Payments provider SignaPay Ltd. announced a partnership with Valor PayTech to provide Valor’s countertop, handheld, and PIN pad equipment …

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Focus POS Releases @Table and other Digital Transactions News briefs from 3/24/21

Focus POS released its @Table service that enables customers to scan a QR code on the table that pulls up a menu on the device. They then can select and order items and receive confirmation their order is being prepared. They service can keep the tab open until the customer is …

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COMMENTARY: With Digital Currency, Regulators Should Let Markets Pick Winners

Launched in 1989, Digicash introduced the first cryptocurrency. In the 1990s, it was considered leading-edge payments technology. But physical and digital currencies are payment networks. In payment systems, good technology is neither sufficient nor generally the biggest hurdle. No matter how good the technology, without critical mass they’re worth little.  …

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Priority 4Q Revenue up 8.1% and other Digital Transactions News briefs from 3/17/21

Payments provider Priority Technology Holdings Inc. reported fourth-quarter revenue of $106.1 million, up 8.1% year-over-year. Excluding Priority’s RentPayment business, which the company sold in September, revenue grew 12.3% from $94.5 million.Payments provider Flywire Corp. launched Flywire eStore, a platform that supports e-commerce for Flywire clients and their customers. The move follows Flywire’s decision last …

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Hotelier Adds Bitcoin Acceptance and other Digital Transactions News briefs from 3/10/21

All eight hotels in The Kessler Collection will accept Bitcoin and other cryptocurrencies under an agreement with digital-currency processor BitPay Inc. Guests will receive an email, from which they may pay using their crypto wallet.Personas Social Inc. launched its Paysonas payment-processing platform, which supports online real-time debit and Bitcoin.Menufy, a provider of online-ordering …

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With Its Deal for Curv, PayPal Tightens Security for Its Push Into Cryptocurrency

Building on its strategy to support cryptocurrency, PayPal Holdings Inc. announced Monday that it has agreed to acquire Curv Inc., a provider of cloud-based infrastructure for digital-asset security, for an undisclosed sum. Once the acquisition is completed later this year, Tel Aviv, Israel-based Curv will become part of a PayPal …

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Via BitPay, Dogecoin Becomes the Latest Cryptocurrency Accepted by the Dallas Mavericks

Cryptocurrency can be a volatile store of value and continues to struggle as a medium of exchange, but merchants in some markets are slowly moving to accept it as a faster and cheaper payment method than cards in the face of complications brought on globally by the pandemic or by …

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OLB Expands Crypto Support and other Digital Transactions News briefs form 3/4/21

Payments provider The OLB Group Inc. said its SecurePay gateway can now support cryptocurrency transactions and settlement of funds for merchants, putting crypto on par with credit and debit payments.PayActiv Inc., a provider of earned-wage access technology, said Hancock Whitney is the first financial institution to offer the company’s service.In related news, …

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Clearent in Merger Deal and other Digital Transactions News briefs from 2/25/21

Payments provider Clearent LLC and Transaction Services Group, a New Zealand-based software and integrated payments provider, will merge and form Xplor Technologies, TSG announced. Terms were not disclosed. Both companies are part of investor Advent International’s portfolio. The combined company will serve more than 82,000 businesses that processed more than $27 billion …

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As Users Flock to Cash App, the Product Delivers Nearly Half of Square’s Profit

Square Inc. started out in 2009 as a slick new way for micro merchants and small sellers to get sophisticated point-of-sale gear along with payment processing. On Tuesday, the company showed it’s still getting more than half its gross profit from its merchant business, but its Cash App trade is …

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Digital Transactions