Digital Transactions Authoritative, insightful and timely information for payments professionals
SoundHound AI Inc. said it will acquire SYNQ3 Restaurant Solutions, a voice artificial intelligence and technology provider for restaurants, in a deal valued at $25 million. Once completed, the deal will extend SoundHound’s services to 10,000 locations and more than 25 national and multinational chains. The deal is expected to close …
December, 2023
November, 2023
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29 November
Nuvei Launches Issuing Program And Other Digital Transactions News briefs from 11/29/23
Nuvei Corp. launched card issuing in 30 markets in Europe with 2024 plans to expand it to the United Kingdom, the United States, and Latin America. The program enables clients to offer physical and virtual white-labeled cards. Payments-technology provider BHMI said it will market its software through a reseller agreement with NCR …
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28 November
Square Holiday Shopping up 14% And Other Digital Transactions News briefs from 11/28/23
Square and Afterpay merchants counted 70 million transactions over the Black Friday-Cyber Monday holiday weekend, up 14% from the same period in 2022, Square said. In-person shopping increased 15% year-over-year. Amendments under consideration by Australia’s national government would impose on digital wallets like Apple Pay and Google Pay the same regulations as those enacted …
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8 November
Shift4 Embraces M&A As Its Finaro Deal Finally Closes And More Stadium Business Beckons
The payments business may be shying away from the mergers-and-acquisitions market for the time being, but that’s not a strategy Shift4 Payment Inc.’s boss is interested in imitating. “Now, there’s a general distaste for acquisitions. That’s not a mistake we’re going to make,” declared Shift4 chief executive Jared Isaacman early …
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7 November
PSCU And Co-op Solutions Merge to Create a Potential Fintech Powerhouse for Credit Unions
Long-time credit union service and financial-technology providers PSCU and Co-op Solutions announced a merger late Monday. The merged entity, which has yet to be named, will create an end-to-end payments system for credit unions of all sizes, PSCU chief executive and president Charles E. “Chuck” Fagan, promised during a press …
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7 November
CPI Revenue Drops 15% And Other Digital Transactions News briefs from 11/7/23
Card manufacturer CPI Card Group Inc. reported $105.9 million in third-quarter revenue, a 15% decrease from $124.6 million in the 2022 third quarter. It had a profit of $3.9 million, a 67.2% decrease from $11.9 million a year ago. Cautious consumer spending and a focus on managing inventory levels likely had an …
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1 November
In His First Earnings Call As PayPal’s New Boss, Alex Chriss Leaves No Doubt Who’s in Charge
Most new corporate chiefs keep a low profile for a time, perhaps tweaking their predecessors’ strategies but announcing few major changes. Not so Alex Chriss. PayPal Holdings Inc.’s new CEO, who took over Sept. 27 from long-time chief Dan Schulman, took the opportunity of his new company’s third-quarter earnings call …
October, 2023
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31 October
Merchants Will Be the Winners in the Fed’s Debit Scheme, Global’s Boss Says
Observers of the payments industry who wonder how the Federal Reserve’s proposed rate reductions for debit card acceptance might be received by the nation’s biggest processors heard an unequivocal answer early Tuesday from at least one of them. “Any time the cost of acceptance goes down, it’s a positive for …
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30 October
Eye on POS: Nayax Acquires Retail Pro; Lightspeed Expands Price Matching Globally
Two point-of-sale companies have separately taken steps to boost their competitiveness, one with an acquisition and the other in a marketing expansion. Payments platform Nayax Ltd. says it will acquire Folsom, Calif.-based Retail Pro International in a $36.5-million deal. Expected to close in the fourth quarter, the deal will expand …
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27 October
European Processors Take Stock Hit And Other Digital Transactions News briefs from 10/27/23
European transaction processors are getting hammered by slowing economies and increased regulatory scrutiny. Shares in the big French processor Worldline slid 59% on Wednesday, followed by a feeble recovery Thursday. AppTech Payments Corp. announced it has closed on its acquisition of Alliance Partners LLC. The deal brings to AppTech FinZeo, Alliance’s money-movement software …
