Digital Transactions Authoritative, insightful and timely information for payments professionals
Square, the point-of-sale and e-commerce unit of Block Inc., said Tap to Pay on iPhone is now commercially available to its merchants following a June release to select sellers. Available within the Square Point of Sale iOS app, Tap to Pay on iPhone enables merchants to accept contactless payments directly …
September, 2022
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14 September
Bottomline Acquires Nexus Systems And Other Digital Transactions News briefs from 9/14/22
Payments-technology provide Bottomline announced it has acquired Nexus Systems, a vendor of payments-automation software the real-estate and property-management sector. Terms were not disclosed.Payments provider Stax launched Stax Bill, a service that provides automated billing software. It had been known as Fusebill, a company that Stax acquired in 2021.Loyalty network Engage People said it partnered with FreedomPay to …
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12 September
JPMorgan Acquires Renovite And Other Digital Transactions News briefs from 9/12/22
J.P. Morgan announced it has agreed to acquire Renovite Technologies Inc., a payments-technology company based in California, to help modernize the bank’s merchant-acquiring platform. Terms were not announced.The Western Union Co. announced it has acquired Te Enviei, a digital wallet based in Brazil, in an effort to introduce expanded Western Union services …
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9 September
Aurora Payments Bulks up With Its Deal for the ISO One Payment
Aurora Payments LLC, which specializes in integrated-payments technology for small to medium-size businesses, has acquired One Payment, a Florida-based fintech payment company, for an undisclosed sum. One Payment services more than 6,000 merchants, with a focus on minority-owned small and medium-size businesses. The company processes more than $1 billion in …
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9 September
Feeney Will Step Down As CEO of Cantaloupe Following Record Revenue Results
Sean Feeney, the veteran software executive and former U.S. Army officer who took over as chief executive of Cantaloupe Inc. in June 2020, will retire Sept. 30 and will be replaced by Ravi Venkatesan, who has been serving as chief operating officer of the vending-payments specialist since February. The move …
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9 September
Lavu Partners With Up ‘n Go; BofA’s Payments Data And Other Digital Transactions News briefs from 9/9/22
Lavu, a payments-technology provider specializing in restaurants, said it is partnering with Up ‘n Go, a vendor of contactless-payment technology based on QR codes, for pay-at-table checkouts.Data from the Bank of America Institute indicate overall consumer spending seen by the big bank in August was up 13% over the same month in …
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1 September
Inflation Tasks Sports Bettors And Other Digital Transactions News briefs from 9/1/22
Fifty-four percent of sports bettors using mobile technology earn incomes of $100,000 or more but “many” are worried about the impact of inflation on their ability to make credit card payments in the future, according to research from TransUnion in its report, “Consumer Pulse Online Sports Betting Study.”In other research, some 59% …
August, 2022
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24 August
Google Wallet Adds Markets And Other Digital Transactions News briefs from 8/24/22
Alphabet Inc. said it is expanding Google Wallet to six more countries, including South Africa, bringing to 45 the number of countries in which the product can be used. Google Wallet was introduced this spring as a replacement for Google Pay.Transaction processor Computer Services Inc. said it will be acquired by private investment firms Centerbridge …
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23 August
Dutchie POS Launches And Other Digital Transactions News briefs from 8/23/22
Dutchie, which develops technology for cannabis retailers, unveiled Dutchie POS, which includes a hardware terminal and point-of-sale software.In related news, point-of-sale technology vendor POSaBIT Systems Corp. announced an agreement to license its point-of-sale technology to an unnamed “large cannabis technology partner.” The agreement calls for a one-time fee to POSaBIT of $500,000, …
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22 August
CFPB Wants More from Block And Other Digital Transactions News briefs from 8/22/22
The Consumer Financial Protection Bureau has filed a petition with the U.S. District Court for the Northern District of California seeking to require Block Inc. to fully comply with the CFPB’s demands for information related to Block’s Cash App product, according to Bloomberg. Block said it is “disappointed” with the action and …