Digital Transactions Authoritative, insightful and timely information for payments professionals
Global Payments Inc. remains invested in growing by acquisition, but it’s equally committed to growth via third-party agents such as independent software vendors and payment facilitators, its chief executive said early Wednesday as he reviewed his company’s June-quarter results and discussed its strategies in the two markets it straddles—issuing and …
August, 2024
-
7 August
Toast Sites Balloon 29% and other Digital Transactions News briefs from 8/7/24
Hospitality point-of-sale maker Toast Inc. said it now serves 120,000 merchant locations as of the end of the second quarter, a 29% increase from the same period a year ago. Its gross payment volume jumped 26% year-over-year to $40.5 billion. Toast posted second quarter revenue of $1.24 billion, a 27% increase from …
-
5 August
NAB Rebrands as North and other Digital Transactions News briefs from 8/5/24
Payments provider North American Bancard has rebranded as North. The independent sales organization, which debuted in 1992, said North is emblematic of upward movement. Its values, business strategy, and merchant commitment stay the same, North said in a blog post. Nuvei Corp. said it will acquire Pay2All Instituição de Pagamento Ltda., a …
July, 2024
-
24 July
Fortis Makes Acquisition and other Digital Transactions News briefs from 7/24/24
Fortis Payment Systems LLC acquired the NetSuite payments division of MerchantE Solutions Inc. Fortis said the acquisition will boost its position in embedded enterprise resource planning payments. Terms were not disclosed. Mastercard Inc. and JPMorgan Chase are two of eight companies the Federal Trade Commission issued orders to seek information about products that …
-
18 July
Discover Posts a Strong Quarter As Executives Stay Mostly Mum About Performance
For the second consecutive quarterly earnings call, executives at Discover Financial Services had little to say about the company’s financial performance, plans going forward, or anything else. With a proposed $35.3-billion merger with Capital One Financial Corp. hanging over them, Discover executives again took no questions, and equity analysts were …
-
8 July
Fiserv Small Business Index Dips and other Digital Transactions News briefs from 7/8/24
Fiserv Inc.’s Small Business Index dipped four points in June to 140 amid a slowdown in consumer spending. Lower average tickets helped bring the separate transaction index down to 111 from 113 in May. Canada-based Digital Commerce Payments announced it has closed on its $1.5-million acquisition of the product information management business of Jasper …
-
2 July
Raptor Acquires PayK12 and other Digital Transactions News briefs from 7/2/24
Raptor Technologies, a provider of software to schools, announced it has acquired PayK12, a platform for online payments and event ticketing for schools from kindergarten through 12th grade. Terms were not announced. Payments-technology provider SpotOn said it has joined the U.S. Foods Check Business Tools program, which provides technology and services to …
June, 2024
-
20 June
Eye on Deals: Corpay’s Bid for GPS; JG Wentworth Snaps Up OttoPay; RevoluGroup Looks to Sell Its Spanish Unit
Corpay Inc. has reached an agreement to acquire GPS Capital Markets LLC, a provider of cross-border and treasury management technology for businesses primarily in the United States. Terms of the deal, which is expected to close in early 2025, were not disclosed. Founded in 2002, GPS Capital Markets provides corporate …
-
14 June
Shift4 Closes Revel Deal and other Digital Transactions News briefs from 6/14/24
Shift4 Payments Inc. announced it has acquired a majority interest in Germany-based point-of-sale provider Vectron Systems AG in a transaction previously reported by Digital Transactions News. Vectron serves roughly 65,000 merchant locations throughout Europe. Shift4 also said it has closed on its previously announced deal for Revel Systems, a point-of-sale technology company serving more than …
May, 2024
-
21 May
Revenue Down 33% and other Digital Transactions News briefs from 5/21/24
Presto Automation Inc., a provider of payments technology for quick-serve restaurants, said its March-quarter revenue dropped 33% year-over-year to $4.45 million. Revenue for the year ending March 31 also fell by one-third, to $14.2 million. The company said it will wind down its pay-at-table product to concentrate on its artificial-intelligence …