Digital Transactions Authoritative, insightful and timely information for payments professionals
A new resort will open in Las Vegas next week, and with it will come cashless wagering, the ability to place bets via a mobile phone. Resorts World Las Vegas says it will be the first casino in the city to offer cashless betting at both slot machines and table …
June, 2021
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16 June
Repay Closes on BillingTree Deal and other Digital Transactions News briefs from 6/16/21
Payments provider Repay Holdings Corp. closed on its $503-million cash-and-stock acquisition of BillingTree, an 18-year-old payments-technology provider. The deal, the largest in Repay’s history, was announced May 10.NCR Corp. said it expects to close its $2.5-billion acquisition of ATM-network specialist Cardtronics plc on June 21. The merger agreement was announced in January.Freight-payments provider PayCargo received a $125-million Series …
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15 June
Kabbage Checking Debuts and other Digital Transactions News briefs from 6/15/21
American Express Co. said its Kabbage unit now offers Kabbage Checking to U.S. small businesses. AmEx also said it now offers Kabbage Funding to small businesses with lines of credit ranging from $1,000 to $150,000.Global Payments Inc. has launched a point-of-sale application that operates on commercially-available, off-the-shelf mobile phones, reported The Paypers …
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10 June
Stripe Debuts an App to Ease the Burden of Sales Tax Collection for Merchants
Heeding years-long requests from merchants for a solution to simplify sales-tax compliance, Stripe Inc. on Thursday introduced Stripe Tax, an application that allows merchants to automatically calculate and collect sales tax, value-added tax (VAT), and goods-and-services tax (GST) in the United States and more than 30 other countries. Spurring the need …
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10 June
Uplift’s BNPL Bet on Vegas.com and other Digital Transactions News briefs from 6/10/21
Buy now, pay later provider Uplift Inc. said its service has been integrated with Vegas.com, a travel site.In related news, buy now, pay later provider Splitit said its service is now available on the ChargeAfter platform, which offers merchants a variety of consumer financing methods.Mastercard Inc. said it has closed on its $850-million acquisition of Ekata …
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9 June
86% Abandon Shopping Carts and other Digital Transactions News briefs from 6/9/21
A survey from Fast, an online checkout provider, found that 86% of U.S. shoppers have abandoned an online shopping cart. Of the 1,004 consumers surveyed earlier this month, 55% said they would be more likely to make an online purchase if there was a quicker, easier way to buy directly from …
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7 June
Lightspeed’s Latest Acquisitions Position the Processor to Become An Omnichannel Platform
As part of its strategy to create an all-encompassing platform for merchants and their suppliers, Lightspeed POS Inc. on Monday announced the acquisition of two companies: Ecwid Inc., a consumer e-commerce platform, and NuOrder Inc., an e-commerce platform for suppliers, for a combined $925 million in cash and equity in …
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4 June
Fintainium and Visa Direct and other Digital Transactions News briefs from 6/4/21
Payments provider Fintainium said it is working with Visa Inc.’s real-time push-payment network, Visa Direct, and CIT Inc. to let merchants access cash flow and consumers receive payouts.Progressive Care Inc. said its PharmCoRx pharmacies is accepting Bitcoin in payment for Covid-19 rapid-testing services. The company began accepting cryptocurrency in 2018.ParkMobile LLC said its mobile app is …
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3 June
LG Pay To Shut Down and other Digital Transactions News briefs from 6/3/21
Not quite two years old, LG Pay, the mobile payment service from LG Electronics USA, is shutting down, according to a report on Droid-Life.com. It captured a screenshot of an alert declaring the service will be phased out and discontinued “over the remainder of 2021.” In April, LG announced it was exiting …
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2 June
Mitek Acquires Tech Firm and other Digital Transactions News briefs from 6/2/21
Mitek Systems Inc., a provider of digital identity-verification technology, said it has acquired ID R&D Inc., a provider of voice and face biometrics technology, for up to $49 million in Mitek stock and cash.Payments processor Fleetcor Technologies Inc. closed on its acquisition of cross-border payments specialist Associated Foreign Exchange Inc. The deal, …
