Digital Transactions Authoritative, insightful and timely information for payments professionals
Music-technology provider SoundExchange announced it is adding PayPal and Venmo as options for royalty payments to registered creators. The two payments channels join CashApp and Zelle as payout options on the platform. Tulip, a point-of-sale technology provider for retailers, said it will incorporate payments services from Stripe Inc. Dollar General announced DG Cash …
July, 2023
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10 July
$16 Trillion in Digital Wallet Volume by 2028 And Other Digital Transactions News briefs from 7/10/23
Services such as buy now, pay later loans and personal financial management will help drive the global volume of digital-wallet transactions to $16 trillion in 2028, up 77% from $9 trillion this year, according to a report from Juniper Research. Katapult Holdings Inc. said more than 20 merchants are now available on …
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6 July
Merchant Lynx Acquires National Credit Card Processing; 365 Retail Markets, First American Launch Terminals
Merchant Lynx Services has acquired National Credit Card Processing Group, a provider of B2B payment solutions, for an undisclosed sum. National Card Processing specializes in payment acceptance for the construction and heavy-duty trucking parts and repairs, concrete ready mix, asphalt and aggregate supply, and highway civil construction industries. The acquisition …
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6 July
FIS Makes It Official: It’s Selling a 55% Worldpay Stake to GTCR at an $18.5 Billion Valuation
In a fleeting 10-minute conference call, FIS Inc. announced early Thursday a move to sell a 55% interest in its merchant-processing business, which principally consists of the Worldpay unit it acquired four years ago, to the private-equity firm GTCR. The deal is expected to close by the end of the …
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6 July
Sabre Acquires Gift Card Platform And Other Digital Transactions News briefs from 7/6/23
Travel-technology provider Sabre Corp. announced it has acquired Techsembly, a gift card and e-commerce platform for hotels. The U.S. Payments Forum published a white paper outlining the impact of the Federal Reserve’s clarification that debit card issuers must enable a choice of two unaffiliated networks for all transactions, including card-not-present payments. The clarification took effect …
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5 July
FIS Is Reportedly Working to Sell a Majority Stake in Its Merchant Unit to GTCR
FIS Inc. is talking to the private-equity firm GTCR LLC about taking a majority stake in the Jacksonville, Fla.-based company’s merchant-processing business, according to a report late Monday from Reuters. The report indicates the talks are “advanced” and value the stake at between $15 billion and $20 billion. The latest …
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3 July
FIS Mulling New Worldpay Path? And Other Digital Transactions News briefs from 7/3/23
Payments-processing giant FIS Inc. is reportedly looking into selling a majority stake in its Worldpay unit to private-equity firms at a valuation of $15 billion. The news indicates a change in strategy at FIS, which announced in February it intended to spin off Worldpay as a publicly held company some time during the coming …
June, 2023
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29 June
Visa to Acquire Brazilian Processor Pismo for $1 Billion in Cash
Visa Inc. said Wednesday it has struck a definitive agreement to acquire Brazilian financial and payments processor Pismo Soluções Tecnologicas Ltda. for $1 billion in cash. The deal strengthens Visa’s presence in fast-growing Latin America and gives it access to technological services that can be taken abroad. Founded only in …
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22 June
Eye on Acquiring: Fortis Expands Into Canada and Acquires SmartPay; FreedomPay Adds Visa Network Tokenization
It’s been a busy June for Fortis Payment Systems LLC. The payment facilitator and independent sales organization announced Thursday it is moving into Canada, has acquired payments provider SmartPay, and has added new funding and settlement capabilities. Also Thursday, merchant processor FreedomPay Inc. said it is integrating Visa Inc.’s tokenization …
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9 June
Nuvei Lands Nonprofit and Government SaaS Provider Sylogist
Sylogist Ltd., a global provider of software-as-a-service to more than 2,000 public-sector customers across the government, nonprofit, and education sectors, has selected Nuvei Corp. as its payments processor. Nuvei will provide Sylogist with payments functionality including support for mobile wallets such as Apple Pay and Google Pay. In addition, Nuvei …
