News

May, 2023

• 4 May

  Block Nears $5 Billion in Revenue

  

  Buoyed by Cash App, services, and a move up market Block Inc., parent of Square and Afterpay, generated nearly $5 billion in first-quarter revenue, a 25% increase from $4 billion in the same quarter a year ago. Its transaction-based revenue of $1.42 billion was a 15% increase from $1.29 billion …
• 4 May

  Shift4 Busies Itself with Domestic Expansion As It Waits for Clearance on Its Finaro Deal

  

  Shift4 Payments Inc. is still waiting on approval from European regulators to complete its $525-million Finaro acquisition, but in the mean time the Allentown, Pa.-based processor has been busy expanding in its home market. That expansion includes yet other acquisitions aimed at consolidating Shift4’s grip on the restaurant point-of-sale market, …
• 4 May

  Stripe Taps Thinkific as First Platform Provider to Distribute Stripe Apps

  

  Stripe Inc. has expanded its partnership with Thinkific Labs Inc., a platform for creating, marketing, and selling online learning products, to distribute Stripe Apps to its network of instructional course creators. The agreement makes Thinkific the first platform provider supporting embedded payments to distribute Stripe’s apps to its customers. Gaining …
• 4 May

  Deluxe’s Payments Revenue up And Other Digital Transactions News briefs from 5/4/23

  

  Payments provider Deluxe Corp. reported its first-quarter revenue dipped nearly 2% year-over-year to $545.4 million. Net income swooned from $9.7 million to $2.8 million owing to higher interest expense and a higher income-tax rate, according to the company. Revenue in its payments division, its second-largest unit after checks, rose 3.5% to $172 …
• 3 May

  NRS Reports Big Growth in Same-Store Sales; Brookshire Grocery Rolls Out NCR POS

  

  National Retail Solutions Inc., a provider of point-of-sale technology to independent retailers, reported same-store sales in April among retailers in its network grew 6.5% compared to the same period a year earlier. The increase was a significant jump from the 0.1% increase in same-store sales in March, compared to a …
• 3 May

  Western Union Views Visa+ as Complement

  

  The Western Union Co. says its decision to join the early set of providers in Visa Inc.’s interoperable peer-to-peer payments service called Visa+ reflects its business. Visa+ allows users to move payments between rival peer-to-peer payments networks. The pilot, set to launch later this year, will begin with transfers between …
• 3 May

  Deluxe and Echo Form DPX Payments And Other Digital Transactions News briefs from 5/3/23

  

  Deluxe Corp. said it and Echo Health Inc. have formed a joint venture called DPX Payments to provide payables services to the middle-market and will offer a disbursements platform. ACI Worldwide Inc. said its 2023 Prime Time for Real-Time Payments report found the Middle East as the fastest-growing region for real-time payments globally, …
• 2 May

  Fiserv Gives the Burgeoning Text to Pay Option a Big Boost

  

  Fiserv Inc. has partnered with conversational-commerce platform provider Authvia to enable independent software vendors to offer a text-to-pay solution through Fiserv’s CardPointe gateway. The offering, which was developed in response to the growing use by businesses of tools to communicate with consumers via text and chat, allows businesses to bill, …
• 2 May

  GoDaddy Joins With Microsoft to Enable Payments During Meetings on Teams

  

  Businesses were quick to adopt online chat platforms as a handy meeting tool during the pandemic, and now payments providers are starting to target the services as a new venue for transactions. One of the first is GoDaddy Inc., which on Monday announced it is working with Microsoft Corp. to …
• 2 May

  Rev Worldwide Closes Netspend Deal And Other Digital Transactions News briefs from 5/1/23

  

  Working with Searchlight Capital Partners, payments provider Rev Worldwide closed on its $1-billion all-cash acquisition of the Netspend consumer business from Global Payments Inc. Netspend is a specialist in prepaid and debit cards for more than 100,000 retail locations. Payments provider Finix Payments Inc. said it is now a payment processor, having completed direct connections to …