Digital Transactions Authoritative, insightful and timely information for payments professionals
AffiniPay, a specialist in payments for professional offices, launched a refreshed version of its In-Person-Payments service featuring new payments devices that include tap-to-pay functionality. Fiserv Inc.’s Small Business Index for January remained unchanged from December at 138. Year-over-year sales grew 1.7%, down from December’s 2.6% rate. The Index, introduced in January, measures …
February, 2024
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2 February
Cantaloupe Makes a Play for Stadium Pay With a $4.75 Million Deal for Cheq
Cantaloupe Inc., a provider of cashless payment technology for the self-service market, has acquired Cheq Inc. for $4.75 million, Cantaloupe announced late Thursday. Cheq is a payments and ordering platform for sports, entertainment, and hospitality venues. With the acquisition, Malvern, Pa.-based Cantaloupe can enter what has become in recent years …
January, 2024
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31 January
As Its U.S. Business Slows, Mastercard Looks to Emerging Markets Like Real Time Payments
Mastercard Inc. is confronting a slowdown in dollar volume in its home market while it pushes into vital new markets like real-time payments and open banking, its presentation of fourth-quarter 2023 financial results indicated early Wednesday. Gross dollar volume of $727 billion in the December quarter represented a 4% rise …
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31 January
Eye on Acquisitions: EMS Nabs PaymentCloud; Blackhawk Acquires Tango Card
Payment technology provider Electronic Merchant Systems acquired PaymentCloud, an Encino, Calif.-based payment gateway provider. The acquisition will enable PaymentCloud to expand its merchant base while utilizing EMS’s technology services. The deal also solidifies the existing relationship between the two companies and positions Cleveland-based EMS to leverage PaymentCloud’s marketing and sales …
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29 January
Eye On Acquisitions: Quisitive Completes Its Sale of PayiQ; Visa Equity Closes on EngageSmart
Quisitive Technology Solutions Inc., a payments-technology provider and Microsoft Corp. cloud partner, announced Monday it has completed the sale of its LedgerPay Inc. subsidiary, including its PayiQ platform, to Fulcrum IT Partners for an aggregate price of up to $45 million. The sale price includes $27 million worth of preferred …
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19 January
Synchrony To Acquire Ally’s POS Financing Unit And Other Digital Transactions News briefs from 1/19/24
Synchrony Financial said it will acquire the point-of-sale financing business of Ally Financial Inc. The portfolio includes $2.2 billion in loan receivables and includes relationships with nearly 2,500 merchant locations and more than 450,000 active borrowers in home improvement services and health care. Terms were not disclosed. Alchemy Pay, whose gateway …
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4 January
Talus Pay’s New Year Starts With Two Acquisitions
Payments provider Talus Pay announced two acquisitions on Thursday, indicating it acquired Clarus Merchant Services and Jobox.ai in separate deals. Total annual payments volume for the newly combined company total $9 billion for more than 22,000 U.S. merchants. Dallas-based Talus Pay says Clarus Merchant Services, based in Gaithersburg, Md., provides …
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3 January
RDE Views Its CardCash.com Acquisition As a Boost in the Gift Card Market
RDE Inc., owner of Restaurant.com, a popular dining-deals site, has closed on its acquisition of CardCash Exchange LLC, operator of CardCash.com, a secondary gift card marketplace. The deal advances RDE’s presence in gift cards for consumers and merchants. The combined business accounted for more than $100 million in revenue in …
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3 January
Kindcard To Acquire OpenTransact And Other Digital Transactions News briefs from 1/3/24
Kindcard Inc., which among other services provides closed-loop payments technology connecting businesses and consumers, said it has entered a letter of intent to acquire OpenTransact from AcePay Inc. OpenTransact offers a banking platform that supports high-risk merchants. Terms were not disclosed. The tokens USDT and USDC dominate the stablecoin market, …
December, 2023
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15 December
With Sale Rumors Swirling, Shift4 May Be Traveling Down An Alternative Path
With the payments industry abuzz since late Thursday with reports that the big processor Shift4 Payments Inc. is in talks to be acquired by Global Payments Inc.—reports Global Payments has denied— questions are emerging as to whether Shift4’s plans to grow through the exploration of strategic initiatives include a sale. …