Marketing

The big processor FIS Inc. may be a possible acquisition target of Visa Inc., according to news reports that emerged last week. The card network reportedly was eyeing FIS before the processor announced last month it would spin off its Worldpay processing unit but might still bid to acquire all or part of the …

Payment technology provider Repay Holdings Inc. has high hopes in 2023 for two new business segments—Consumer Payments and Business Payments—as its posts $6.6 billion in processed card volume for 2022. In related news, CardFlight, developer of SwipeSimple, a mobile point-of-sale service, hits a record merchant count of 125,000. Repay’s plans …

Felix announced its Terminal Tap to Pay technology has been integrated with the Android-based M50 Mobile Computer from Elo, enabling contactless payments on the Elo device. The move follows Stripe Inc.’s move last week to launch Tap to Pay for Android technology in six countries, including the United States. Payments provider ACI Worldwide Inc. reported …

Buy now, pay later provider Klarna AB said its 2022 loss of 10.47 billion krona ($1 billion) grew on its 2021 loss of 7.1 billion krona ($680 million). This comes amid growth in 2022. The United States became Klarna’s largest market in December. Also, Klarna will begin collecting late fees from United Kingdom consumers who miss a payment, …

Credit unions wanting another option among debit card networks have a new choice with the launch of Co-op Solutions’ Co-op Pay Network. Announced Monday, the network is open to all credit unions, regardless of their debit-processing relationships. The new network, which works with regular point-of-sale transactions, PINless transactions, mobile wallets, …

The Western Union Co. has collaborated with the fintech Beforepay to offer users in Australia the option of boosting money transfers with loans up to 2,000 Australian dollars ($1,349 US) in a service billed as send now, pay later. American Express Co., working with the National Trust for Historic Preservation, will …

Block Inc. has been a fast-growing payments machine over the years since its founding in 2009, and now the company is looking to slow down somewhat and focus more intently on profit growth, according to top executives. That move could start with personnel. “We plan on slowing our pace of …

Payments provider Nuvei Corp. closed on its previously announced $1.3-billion deal to acquire Paya Holdings Inc. Nuvei will release fourth-quarter and full-year 2022 results on March 8. Earlier this week, Paya released figures indicating its 2022 payments volume totaled $49.5 billion, with 2022 revenue of $282.7 million and net income of $8.3 million. Processor Evertec …

The United States has become buy now, pay later provider Klarna AB’s largest market by revenue, the company announced Tuesday. BNPL use blossomed during the pandemic and continues to find favor as inflation concerns push consumers to make value-based spending decisions. With 8 million monthly active users of the Klarna …

Payments provider PayJunction released an updated version of its developer toolset to enable software companies to integrate account-to-account bank transfer connectivity within their platforms. Equipifi, a white-label buy now, pay later provider, said customers of credit union ACU of Texas can now use BNPL as a payment method with their existing debit …