Merchants are looking for ways around the issues created by the Covid-19 pandemic, and this has been especially true for restaurants. That’s creating a wide range of opportunities for merchant-service firms. On Wednesday, Square Inc. said it has added DoorDash to Square Online as a delivery option for eateries and …
Read More »
Sightline Payments, which provides payments for gaming companies, said it received an investment from private investment firm Searchlight Capital Partners. The amount was not disclosed. Also, Sightline cofounder and chief executive Kirk Sanford was replaced by Joe Pappano, Sightline president of Americas, who was appointed chief executive and a director …
Read More »
InComm Payments announced Tuesday that its Visa-branded Vanilla Gift Cards can now be downloaded to Apple Pay, Google Pay, and Samsung Pay mobile wallets, enabling the card to be used for contactless payments. It is the first open-loop Visa gift card to be supported on mobile wallets, InComm says. In …
Read More »
Capital One Financial Corp. is barring all of its credit cards from being used for point-of-sale lending transactions, aside from the United Kingdom where buy now, pay later products are being reviewed for possible regulation. The move comes as overall buy now, pay later providers garner a lot of attention, …
Read More »
Wells Fargo Co. said overall levels of optimism among small businesses remain at just more than half where they were late last year, even though its Wells Fargo/Gallup Small Business Index rose 12 points for the second straight quarter in the latest period.As local governments imposed measures to control fresh outbreaks …
Read More »
Less than a week after announcing its partnership with Cybersource, Houston-based P97 Networks Inc.’s plans to expand its PetroZone platform globally are coming into sharper focus. P97 intends to leverage Cybersource’s gateway connections to more than 140 acquiring banks globally to expand its reach to petroleum retailers. The company will …
Read More »
Processor Stripe Inc. launched Stripe Treasury, a banking-as-a-service platform for its merchants, which can open Stripe Balance business accounts. Stripe is working with Evolve Bank & Trust on the service. Merchants can open interest-bearing accounts eligible for FDIC insurance in minutes. Commerce platform Shopify Inc. is one of the first to offer …
Read More »
Canadian processor Lightspeed POS Inc. expects its acquisition of Upserve Inc., a Providence, R.I.-based provider of cloud-based restaurant-management software, to make it more competitive in the restaurant point-of-sale business in the United States. The acquisition of Upserve for a combination of cash and stock totaling $430 million comes hot on …
Read More »
Nuvei Corp. is making a move to bolster its integrated payments offerings with the acquisition of substantially all the assets of Phoenix-based Base Commerce LLC. Announced Tuesday, the pending deal—it’s expected to close by Dec. 31—will expand Nuvei’s product capabilities with a proprietary automated clearing house platform and additional merchants, Montreal-based …
Read More »
Commerce platform Shopify Inc. reported $2.4 billion in global Black Friday sales, a 75% increase from 2019. Black Friday is the Friday following Thanksgiving. Mobile sales accounted for 68% of U.S. transactions and desktop, 32%. Top U.S. cities were New York, Los Angeles, and Vernon, Calif. The average ticket of $93.80 was …
Read More »
Digital Transactions Authoritative, insightful and timely information for payments professionals
