With a crucial card-acceptance market at stake, Amazon.com Inc. has reportedly struck a deal with Visa Inc. to continue taking Visa cards issued in the United Kingdom. The agreement comes nearly a month after Amazon dropped a threat to stop taking the cards and said it would negotiate with Visa. That …
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Digital-currency payments specialist Circle Internet Financial LLC announced it has agreed to new terms with Concord Acquisition Corp., terminating an agreement it had reached with that company in July. The new agreement values Circle at $9 billion, twice the valuation set by the original SPAC combination. The holding company established by the original agreement …
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As sports fans return to stadiums after nearly two years of the Covid pandemic, payment processors are eyeing a big opportunity for transaction volume. In the latest development, one of the biggest players in this game, Shift4 Payments Inc., said early Wednesday it has signed Audi Field in Washington, D.C., …
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Payments-technology firm Buy It Mobility launched BuyPass, a platform aimed at allowing merchants to more quickly launch automated clearing house and merchant-branded payments programs. BIM is working with network capabilities and virtual card technology from Discover Network to reduce the time and cost for merchant integration.Transaction-security firm Forter launched Smart Payments, a technology that uses the …
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Money-transfer powerhouse MoneyGram International Inc. will go private later this year in a deal announced Tuesday with private-equity firm Madison Dearborn Partners LLC. Valued at $11 per common-stock share, the deal also includes assumption of $799 million in debt. Expected to close in the fourth quarter, the deal will see …
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FIS Inc.’s acquisition of Payrix Solutions LLC, announced Monday, comes as e-commerce is booming and as payments platforms are weaving payments capabilities into the software they’re selling to online merchants. The deal will also help FIS, known for its processing capabilities for enterprises, reach small and medium-size online sellers, top …
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ACI Worldwide Inc. announced ACI PayAfter, a buy now, pay later service that provides merchants access to more than 70 BNPL providers via a single integration. “ACI PayAfter gives consumers one BNPL option—ACI PayAfter—displayed at checkout, one application form, and a single credit check, all while providing access to multiple financing …
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With online ordering capabilities now table stakes for restaurants, Epos Now, a London-based provider of cloud-based software, announced Monday it is rolling out its Epos Now Delivery application for restaurants in the United States. The decision to launch Epos Now Delivery in the U.S. market was prompted by the massive …
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With ransomware attacks showing no signs of slowing down, the National Cybersecurity Alliance and the PCI Security Standards Council issued a joint warning bulletin Thursday. The bulletin was prompted by feedback from payment industry stakeholders and heightened news coverage of the attacks throughout 2021, says the PCI SSC. In 2021, …
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GoDaddy Inc. said its newly formed GoDaddy Payments unit has sold more than 1,000 point-of-sale devices and taken in “tens of thousands” of applications for the service from customers of the firm’s Web services. GoDaddy in September released a countertop payment terminal and mobile card reader, following the launch of GoDaddy Payments in June. …
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