Business-to-business payments provider Tipalti Inc. reported “unprecedented” growth in payments volume in 2021, with volume growing more than 100% from 2020 to more than $36 billon. The company’s client base increased to more than 2,000, including GoDaddy, Roku, ZipRecruiter, and Amazon Twitch.Fintech Social Finance Inc. said its SoFi Technologies Inc. unit has launched SoFi …
Read More »EVO Posts Double-Digit Gains in Volume And Revenue As It Seeks Out Further M&A
EVO Payments Inc. capped off 2021 as a year of recovery from the impact of the pandemic as its top brass on Wednesday indicated the Atlanta-based processor intends to step up its hunt for acquisitions. “As we move further into 2022, we look forward to closing our acquisition in Greece …
Read More »Consumers Say Friction Is a Leading Cause of Late Bill Payments, Especially Online
More than half of consumers in the United States have been late paying a bill in the past 12 months, even if they pay online, but not always for reasons associated with unemployment and financial hardships. For many consumers, late bill payments are a result of friction in the bill-payment …
Read More »Klarna Expands Rewards Program and other Digital Transactions News briefs from 2/22/22
Buy now, pay later specialist Klarna AB said it is expanding the geographic reach of its rewards program and its Pay Now service. The rewards program will be available in nine countries, with Pay Now expanding to nine new countries beyond the current base in the U.S. and U.K., where the immediate-payment …
Read More »Worldline Says It’s Working out a Deal to Sell Its Ingenico Unit to Asset Manager Apollo
Two years after it acquired the big point-of-sale technology company Ingenico S.A., the French processing giant Worldline S.A. has launched negotiations to sell the business to the asset-management firm Apollo Global Management Inc. The terms worked out so far, based on a binding offer from New York-based Apollo, call for …
Read More »Buy Now, Pay Later Kingpin Klarna Opens a U.S. Waiting List for Its Visa Card
Klarna AB, the Sweden-based buy now, pay later giant with a major stake in the U.S. market, has opened a waiting list for its Klarna Card in the United States. The cobranded Visa card, to be issued by Salt Lake City-based industrial bank WebBank, follows Klarna’s convention of allowing users …
Read More »Delta Adopts AmEx BNPL Service and other Digital Transactions News briefs from 2/18/22
American Express Co. said Delta Air Lines has adopted AmEx’s Plan It buy now, pay later service, allowing AmEx consumer card users to pay for Delta flights in equal monthly installments with a fixed fee. AmEx launched Plan It in 2017.Payments provider Blackhawk Network Holdings Inc. said it is working with retail-technology developer …
Read More »Amazon Comes to Terms With Visa After Dropping Its Threat to Ban Visa Cards in the U.K.
With a crucial card-acceptance market at stake, Amazon.com Inc. has reportedly struck a deal with Visa Inc. to continue taking Visa cards issued in the United Kingdom. The agreement comes nearly a month after Amazon dropped a threat to stop taking the cards and said it would negotiate with Visa. That …
Read More »Circle’s Valuation Doubles and other Digital Transactions News briefs from 2/17/22
Digital-currency payments specialist Circle Internet Financial LLC announced it has agreed to new terms with Concord Acquisition Corp., terminating an agreement it had reached with that company in July. The new agreement values Circle at $9 billion, twice the valuation set by the original SPAC combination. The holding company established by the original agreement …
Read More »Shift4 Snags D.C.’s Audi Field As Its Latest Sports-Venue Client for Mobile Transactions
As sports fans return to stadiums after nearly two years of the Covid pandemic, payment processors are eyeing a big opportunity for transaction volume. In the latest development, one of the biggest players in this game, Shift4 Payments Inc., said early Wednesday it has signed Audi Field in Washington, D.C., …
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