Digital Transactions Authoritative, insightful and timely information for payments professionals
The buy now, pay later concept is nothing new, but it took on momentum during the pandemic and may now undergo unstoppable growth in the next few years, according to RBC equity analyst Dan Perlin, who analyzed data on BNPL contained in the 2022 Global Payments Report recently released by …
March, 2022
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18 March
CanPay Notes $500 Million in Legal Payments and other Digital Transactions News briefs from 3/18/22
Cannabis-payments platform CanPay said it has passed half a billion dollars in transactions, processing for more than 800 merchant locations in 31 in states.A cryptocurrency-investment platform called BitStore introduced a Mastercard-branded prepaid card that allows users to make payments at merchants with their crypto assets. Processing is handled by Alchemy Pay.Payments provider PayTrace Inc. announced it …
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17 March
Priority Racks up Revenue Gains As It Looks to Expand Into New Services Such As Cash Processing
Priority Technology Holdings LLC late on Wednesday reported $144 million in revenue for 2021’s December quarter and $514.9 million for the full year, increases of 35.7% and 27.4% year-over-year, respectively. The Alpharetta, Ga.-based company, which ranks among the 25 largest merchant processors in the country, handles payments and related services …
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17 March
Mercator Advisory Group Has New Owner and other Digital Transactions News briefs from 3/17/22
Escalent Inc., an analytics and advisory firm, said it acquired Mercator Advisory Group, adding to its payments advisory portfolio. Escalent acquired Javelin Strategy & Research in 2019. Current Mercator president and chief executive Robert Misasi will help with the transition before leaving these positions.MoneyGram International Inc. agreed to pay a civil monetary penalty of …
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15 March
A Link to Plaid Lets Green Dot Leverage Open Banking for Its New GO2bank Mobile App
Underscoring the rising profile of open banking in consumers’ financial lives, Green Dot Corp. early Tuesday said it has completed an integration for its GO2bank mobile banking app with the Plaid Exchange network from Plaid Inc. The move will connect users of Green Dot’s app, launched only in January last …
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10 March
Diebold Nixdorf’s New Retail Platform and other Digital Transactions News briefs from 3/10/22
Diebold Nixdorf Inc. launched its Vynamic Retail Platform that includes functions such as checkout, loyalty program management, retail management, and compliance.Visa Inc. said it completed its $2.15 billion acquisition of Tink, an open banking platform. Announced in June, the acquisition gets Visa access to 3,400 financial institutions in Europe. Stockholm-based Tink will operate …
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9 March
Fiserv Lays out a $10-Billion 2025 Revenue Goal for Its Merchant-Acquiring Business
When Fiserv Inc. acquired First Data Corp. three years ago, the Brookfield, Wis.-based fintech took on an enormous commitment to the merchant-acquiring business. Late Tuesday, Fiserv’s top management made clear just how big that commitment is, how fast it’s growing, and how big it will get. “We see a clear …
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7 March
TCH Notes 9.6% ACH Volume Increase and other Digital Transactions News briefs from 3/7/22
The Clearing House Payments Co. LLC said transaction volume on EPN, its automated clearing house network, increased 9.6% in 2021. The Clearing House and the Federal Reserve, the only ACH operators in the United States, each handle approximately half the commercial ACH market, TCH said.Buy now, pay later provider Sezzle Inc. said Yapstone …
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2 March
How Paysafe Sees Crypto And Gaming As Keys to Turning Around Its Digital Wallets
Paysafe Ltd. early Wednesday reported progress in turning around its beleaguered digital-wallet business, noting a crucial deal with the world’s largest cryptocurrency exchange and progress in its key iGaming market. As part of an effort to reinvigorate its wallets, “We’re starting to work with crypto exchanges” more actively, Philip McHugh, …
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1 March
Organic Growth, ACH Volume, And M&A Fuel a Big Year for Paya As a Public Company
Marking its first full year as a public company, Paya Holdings Inc. cited organic growth, increasing ACH volume, partnerships, and mergers and acquisitions as key growth drivers. Atlanta-based Paya reported payment volume of $11.7 billion for the fourth quarter, up from $9.2 billion from the same period in 2020, a …
