Digital Transactions Authoritative, insightful and timely information for payments professionals
Payments provider Celero Commerce has acquired Community Bankers Merchant Services, a provider of electronic transaction processing through community and regional banks across the country. Terms of the deal, announced late Thursday, were not disclosed. The acquisition of CBMS will open the door for Celero to provide processing services to merchants …
August, 2022
-
19 August
Blackhawk Network’s Get Sports-Betting Gift Card OK and other Digital Transactions News briefs from 8/19/22
Blackhawk Network has received approval to offer its sports-betting gift card line, including its 2-year-old Game On card, in New York and Louisiana.Community Brands, a software and payments platform for nonprofits and schools, announced it has acquired BigSIS, a vendor of management software for educational institutions. Terms were not disclosed.Payments-technology provider Quisitive …
-
18 August
RMS Acquires OrbaGraph And Other Digital Transactions News briefs from 8/18/22
OrbaGraph, a payment automation firm, said Revenue Management Solutions acquired the company. Private equity firm Thompson Street Capital Partners funded the acquisition. Terms were not disclosed.Dan Price, cofounder of Gravity Payments, which set a minimum starting annual salary of $70,000 for his employees and cut his salary from $1 million …
-
16 August
Choice Hotels Adds Choice Direct Pay Billing Option And Other Digital Transactions News briefs from 8/16/22
Choice Hotels International Inc. launched Choice Direct Pay, which allows businesses to make reservations for employees and guests at multiple properties with billing through a centralized invoice. The service works with more than 5,000 U.S. properties.Grocery Outlet Holding Corp. announced customers can order groceries for delivery from nearly 400 stores via online-delivery …
-
10 August
Jack Henry Snaps up Payrailz And Other Digital Transactions News briefs from 8/10/22
Financial-technology provider Jack Henry & Associates Inc. said it will acquire Payrailz, a provider of digital-payments technology, including real-time peer-to-peer payments capability. Terms of the transaction, which is expected to close by the end of the month, were not disclosed.Payments platform BlueSnap has agreed to support KeyBank’s U.S payments gateway for e-commerce transactions by middle-market …
-
9 August
Eye on Acquiring: Nuvei and Priority Post Revenue Bumps
Merchant acquirers continue to reap the benefits of a bustling economy. Nuvei Corp., a Montreal-based acquirer, said its payments volume increased 38% in the second quarter, and Alpharetta, Ga.-based Priority Technology Holdings Inc. said its bank card processing volume increased 14.3% in the quarter. Nuvei said its payments volume topped …
-
9 August
ParTech Acquires Menu Technologies And Other Digital Transactions News briefs from 8/9/22
Restaurant-technology provider ParTech Inc. announced it has acquired Menu Technologies AG, an omnichannel ordering platform serving international restaurant brands. Terms were not disclosed.The Western Union Co. expanded its integration of Visa Direct, Visa’s real-time payment service, to its U.S. network, enabling consumers to send or receive funds directly to their eligible Visa debit …
-
5 August
Paya’s Boss Says the Acquisitive Processor Could Go Big on Future Deals
Paya Holdings Inc. has been among the payments industry’s more acquisitive processors, and on Friday morning its chief executive made plain the company isn’t ruling out bigger deals. “You can see our balance sheet, our leverage, and the powder is certainly there to do larger transactions,” chief executive Jeff Hack …
-
4 August
E-Commerce Merchants Drive Big Growth in FIS’s Second Quarter
Processing and banking services giant FIS Inc. said revenue from its digital-only merchants increased 28% in the first half of the year, while its merchant solutions overall experienced a 12% growth in revenue in the second quarter. Jacksonville, Fla.-based FIS said continued e-commerce growth aided to that expansion. And it …
-
4 August
Shift4 Spells Out Big Ambitions for Bigger Merchants And International Expansion
Shift4 Payments Inc. has long made no secret of its plans to expand the average size of the merchants it serves, but early on Thursday its chief executive made the company’s overarching strategy crystal clear following recent signings of such international clients as Time Inc. and SpaceX’s Starlink satellite business, …
