Digital Transactions Authoritative, insightful and timely information for payments professionals
Of 500 companies that process at least 500 online monthly transactions, 58% say their chargeback rates have gone up since March 2020, and of these, 45% say the biggest reason likely is delivery delays, according to a survey by fraud-prevention technology firm Kount, a unit of Equifax Inc.Payment processor EirthPay announced its launch. …
August, 2021
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17 August
Vending-Payments Specialist Cantaloupe Targets Micro-Markets With Its Deal for Yoke
Building on a strategy of growing share of payments in the unattended retail market, Cantaloupe Inc. announced Tuesday its acquisition of Delicious Nutritious LLC, a Los Angeles-based micro-market payments company that operates under the trade name of Yoke Payments. The purchase price was not disclosed. The deal gives Cantaloupe, which earlier this …
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13 August
WUBS Renames as Convera and other Digital Transactions News briefs from 8/13/21
Western Union Business Solutions (WUBS), formerly a unit of the Western Union group of companies, will rename itself Convera upon its recently announced $910-million acquisition by Goldfinch Partners LLC and The Baupost Group LLC. Patrick Gauthier, most recently head of Amazon Pay, has been announced as chief executive of Convera, which …
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10 August
Paymentus Acquires Payveris To Build Out It Bill-Pay Platform
Paymentus Holdings Inc., a provider of cloud-based bill-payment technology, announced Tuesday it has agreed to acquire Payveris LLC, a digital money-movement platform, in a deal valued at $152.2 million. Paymentus will pay 56% of the purchase price in cash and the remainder in Paymentus Class A common stock. The acquisition …
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9 August
Circle Preps for SPAC Move and other Digital Transactions News briefs from 8/9/21
Circle Internet Financial Inc., a provider of payments based on digital currencies, filed a Form S-4 registration statement with the U.S. Securities and Exchange Commission in connection with its effort to go public via a $4.5-billion buyout by a special purpose acquisition corporation.Bill.com said KPMG Spark, an accounting service for small and medium-sized …
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6 August
Paya Looks to M&A, ISVs, And ACH for Growth As It Reports a Strong First Quarter
Paya Holdings Inc. hasn’t let up on its search for growth via acquisitions as it plays to its strengths in integrated payments and automated clearing house processing. The Reston, Va.-based company reported early Friday a record-high $10.7 billion in payment volume for the first quarter, a number that doesn’t include …
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5 August
Shift4 Looks to a Revamped Restaurant Platform As It Racks up a Strong Second Quarter
Top executives at Shift4 Payments Inc. said early Thursday the company will launch general availability of a new restaurant platform in the first quarter of next year. The Android-based technology will include a Quick Response-code payments option as well as capabilities for analytics, marketing, payroll, and other features, according to …
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3 August
FIS Logs a Record Performance in the June Quarter As Merchant Volume Balloons
Led by robust growth in its merchant-processing unit, FIS Inc. Tuesday morning heralded a strong second quarter, with record sales and with momentum continuing deeper into the summer, according to the Jacksonville, Fla.-based company’s top executives. Speaking to equity analysts to discuss the company’s second-quarter results, management also outlined a …
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2 August
Square Is Set to Become an Overnight Force In BNPL With Its Afterpay Acquisition
Square Inc.’s acquisition of Afterpay Ltd. is expected to give Square a ready-made product in the hotly competitive buy now, pay later market that it can quickly plug into its consumer and merchant applications to make it an immediate force in BNPL. Square on Sunday announced it was acquiring Afterpay, …
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2 August
Global Payments Celebrates Its Latest Deals As Its CEO Says, ‘The Best Is Yet to Come’
Global Payments Inc. early Monday announced it will make its Netspend prepaid card services available via Amazon Web Services. While reporting a strong performance for the June quarter, the Atlanta-based processing company also said it is acquiring from Spain’s Caixabank the payments businesses of the bank’s Bankia unit. The move …
