News

May, 2022

• 13 May

  Affirm Posts a Big Quarter as It Reaps a User Payoff From Its Shopify And Amazon Deals

  

  Corporations aren’t in business to please Wall Street, but for publicly held companies investor expectations are hard to ignore. Affirm Inc. early Friday is seeing its share price climb steadily after exceeding analysts’ consensus expectations for payment volume and revenue for its fiscal third quarter, ended March 31. The good …
• 13 May

  Square Unveils New Developer Tools Aimed at Enhancing Checkout and Reducing Friction

  

  Aiming to help developers address friction at checkout, Block Inc.’s Square unit late Thursday announced several new tools for its Square payments platform. The announcement was made at Square Unboxed, Block’s annual developer and partner conference. The centerpiece of the new tools is Cash App Pay for Developers, which enables …
• 13 May

  Kickfin Enlists Visa Direct for Tip Payouts and other Digital Transactions News briefs from 5/13/22

  

  Kickfin, a tip disbursement provider, said its tie-in with Visa Direct, the card brand’s push payment service, will enable its clients to send cashless tip payouts directly to employees’ existing bank accounts via eligible debit cards.Buy now, pay later provider Affirm Inc. announced a multi-year extension of its agreement to provide installment-payment …
• 12 May

  Google’s New Wallet Digitizes Payment Cards Plus Drivers’ Licenses And Other Credentials

  

  In a nod to consumers’ preference to have all the contents of a physical wallet digitized—including driver’s licenses and vaccine cards, in addition to payment cards—Alphabet Inc.’s Google subsidiary has introduced a new Google Wallet. The new wallet, which Google plans to make available in more than 40 countries, is …
• 12 May

  Eye on BNPL: Klarna Debuts a Virtual Shopping Service; Splitit Joins the Visa Ready Program

  

  In the latest buy now, pay later updates, Klarna AB introduced Virtual Shopping, an online service that connects shoppers with in-store experts, and Splitit Payments Ltd. joined the Visa Ready for BNPL program. Stockholm-based Klarna says its Virtual Shopping service enables consumers to browse and buy online while connecting via live chats …
• 12 May

  Checkout.com To Acquire ID Firm ubble and other Digital Transactions News briefs from 5/12/22

  

  Payments provider Checkout.com has agreed to acquire ubble, a provider of identity-verification technology, in a transaction set to close later this year. Terms were not disclosed.The March 18 increase in the same-day limit to $1 million helped lift same-day ACH volume in the first quarter to $290.3 billion, up 53.3% year-over-year, Nacha said. Transactions …
• 11 May

  Accelerating growth for your merchants with real-time payments

  

      By Steven Velasquez, Senior Vice President and Head of Partner Business Development for Elavon, Inc. The past two years have brought unprecedented change to both business and consumer behavior. 2020 was the year small businesses needed to find a way to adapt their operations to survive in a …
• 11 May

  Infinicept Lands New Funding To Expand Its Embedded-Payments Platform

  

  Fresh off a $23-million round of new funding, Infinicept, a Denver-based firm that specializes in embedded payments, intends to use the money to add scalability and functionality to its payments platform, expand into international markets, and add tools and processes for clients.  As a result, Infinicept says, clients will have …
• 11 May

  Eye on Earnings: Paya Pursues Integrated Commerce; Paysafe Looks to Recover Momentum

  

  Paya Holdings Inc., which has been acquisitive in recent years, isn’t done doing deals. Chief executive Jeff Hack won’t name names, but multiple acquisition targets have clearly been scoped out. “We’re busy doing due diligence on a variety of deals. We see attractive opportunities for inorganic growth. You should expect …
• 11 May

  Priority’s Revenue up 35% and other Digital Transactions News briefs from 5/11/22

  

  Payments provider Priority Technology Holdings Inc. reported first-quarter revenue of $153.2 million, up 35% year-over-year.PayBright said it will provide installment payments to passengers using CheapOair.ca, an online travel agency.Travel platform Agoda said it now offers interest-free credit card installment payments on its booking platform in a partnership with Visa Inc.E-commerce fraud protection provider Signifyd said it …