Digital Transactions Authoritative, insightful and timely information for payments professionals
The giant credit bureau Equifax Inc. launched Onboard Connect, a service that the company says offers near real-time business verification, fraud checks, and other services to support business-to-business transactions.Vivid Seats Inc., a provider of technology that links ticket buyers and sellers, said it has closed on its acquisition of Betcha Sports Inc., …
December, 2021
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10 December
Corcentric To Go Public and other Digital Transactions News briefs from 12/10/21
Corcentric, a business-to-business payments provider, said it will go public via a merger with North American Merger Corp., a special purpose acquisition company. The company’s network supports more than 450,000 buyers and more than 1.4 million suppliers and processes more than $100 billion in volume annually.Chainalysis, a provider of blockchain …
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9 December
Fortis Fortifies Its Position With ISVs Via Its Acquisition of VIP Integrated Payments
Fortis has proven in recent months to be one of the country’s most active payments providers when it comes to extending capabilities for independent software vendors, and now it has expanded further in that business with its acquisition of VIP Integrated Payments in a deal announced Wednesday. Terms were not …
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8 December
57% Use App for Takeout Food and other Digital Transactions News briefs from 12/8/21
A report from consulting firm Deloitte found that 57% of consumers use a digital app to order restaurant food for off-premise dining, up from 54% in 2020. Even for ordering in a restaurant, 64% of consumers prefer to place their order digitally, up from 53% last year. The survey of 1,000 consumers …
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7 December
Stripe Acquires OpenChannel and other Digital Transactions News briefs from 12/7/21
Processor Stripe Inc. said it acquired OpenChannel, which provides app marketplace software. Terms were not disclosed.Payments provider Payoneer Inc. announced a worldwide working-capital offer for sellers on the Walmart U.S. marketplace.In related news, Facepay Inc., a payments provider specializing in auto-repair shops, said its Facepay Capital service is available to all shops on its platform.Money transmitter LianLian …
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3 December
Splitit Volume Increases 61% and other Digital Transactions News briefs from 12/3/21
Buy now, pay later specialist Splitit Payments Ltd. said its merchant sales volume for the first two months of the fourth quarter totaled $94 million, a 52% increase quarter-over-quarter and a 61% increase year-over-year. Splitit reported $11 million in merchant sales volume across the holiday shopping weekend, including Black Friday and Cyber …
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2 December
Cart Abandonment Issues Linger and other Digital Transactions News briefs from 12/2/21
Online checkouts remain a challenge for many merchants as 40% report cart abandonment as more than a minor issue and 41% say fraudulent transactions have risen since the pandemic set in, according to Paysafe Ltd.’s “Lost in Transaction” report.PayPal Holdings Inc. said merchants on the Wix.com Ltd. e-commerce platform can offer …
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1 December
With Demand Rising, Stax Acquires CardX To Boost Its Surcharging Efforts
Merchant services company Stax has acquired CardX LLC, a Chicago-based surcharging provider, in an effort to better meet demand for surcharging, especially among enterprise clients. Terms were not disclosed. The deal is the third of 2021 for Orlando, Fla.-based Stax, whose parent company is Fattmerchant . Founded in 2013, CardX has …
November, 2021
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30 November
Waitr Adds Harbortouch Devices and other Digital Transactions News briefs from 11/30/21
Waitr Holdings Inc., an ordering and delivery platform for restaurants, has agreed to offer the Harbortouch point-of-sale system from payments provider Shift4 Payments Inc. to Waitr’s 26,000 clients.Payments provider Nuvei Corp. said a subsidiary has won approval to provide payment processing to support daily fantasy sports and sports-wagering operators in Louisiana. The …
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18 November
Shift4 Denies EVO Rumors and other Digital Transactions News briefs from 11/18/21
Shift4 Payments Inc. denied what it called “media reports” that it is pursuing an acquisition of EVO Payments Inc. Shift4 is “focused on supporting … new growth verticals” instead, the company said.Microsoft Corp. is testing buy now, pay later capability in its Edge browser. In conjunction with Zip Co. Ltd., the BNPL service is at the …