News

January, 2022

• 20 January

  Mastercard Track Instant Pay Unveiled and other Digital Transactions News briefs from 1/20/22

  

  Mastercard Inc. launched Mastercard Track Instant Pay, a platform enabling instant payment of supplier invoices via virtual card transactions supported by machine learning. The service is available in the United States now, with plans to expand globally.Nuvei Corp. has been approved by the New York State Gaming Commission to process payments for …
• 19 January

  Eye on BNPL: Verifone And Affirm; Uplift and Southwest Airlines; Sezzle’s New Options

  

  Terminal maker Verifone Inc. expanded its buy now pay later options Tuesday through a partnership with Affirm Inc. The deal will enable merchants using Verifone terminals to automatically offer Affirm as a payment option online and in-store. Merchants will be able to offer Affirm’s full range of payment options, including …
• 19 January

  Celero’s Omega Acquisition, Its Second in a Month, Brings Strength in Software

  

  Celero Commerce made its second acquisition in a month with its deal to acquire Omega Technology, a Fort Thomas, Ky.-based payments provider. Nashville, Tenn.-based Celero says the combined company will process payments for more than 50,000 merchants at approximately $20 billion in annual card volume. Celero acquired Everest Payment Solutions in …
• 19 January

  Boku To Sell its Identity Unit and other Digital Transactions News briefs from 1/19/22

  

  Mobile-payments provider Boku Inc. is selling its Boku Identity Inc. unit to cloud-communication platform Twilio Inc. for $26.1 million upfront and another $6.2 million payable later to cover indemnities.Payments provider Lightspeed Commerce said its NuOrder technology will support orders and payments for women’s fashion platform Intermix, which operates 31 boutiques and an e-commerce site.Text …
• 18 January

  Going Beyond the Gateway, NMI Acquires A Payment-Specific Services Firm in IRIS CRM

  

  As part of its strategy to expand its offering of multichannel payment technology, payment-platform provider NMI announced Tuesday the acquisition of IRIS CRM, a merchant-services customer relationship management and merchant-management platform that services clients in the payments industry. Terms of the deal were not disclosed.  The addition of IRIS CRM …
• 18 January

  Amazon’s Acceptance Ban Got Visa’s Attention in the U.K. Now What Will Negotiations Likely Yield?

  

  Amazon.com Inc.’s decision to pull back from its threat to stop accepting Visa cards issued in the United Kingdom may have evoked a sigh of relief among some consumers, not to mention at Visa itself, but it also could betoken some complex dynamics behind the decision-making at both corporate giants. …
• 18 January

  Mastercard OKs Coinbase NFT Marketplace Use and other Digital Transactions News briefs from 1/18/22

  

  Mastercard Inc. said it is enabling Mastercard-branded cards to be used for purchases on Coinbase’s upcoming NFT marketplace. NFTs, or non-fungible tokens, are digital goods.Accounting-automation company Bookkeep announced integrations with Stripe, Sage Intacct, and NetSuite. The company, which serves more than 600 retailers and restaurants, also offers links to Shopify, Square, Amazon, and …
• 17 January

  Stripe Partners With Ford To Help the Automaker Retool E-commerce

  

  Stripe Inc. announced Monday a five-year deal with Ford Credit, Ford Motor Company’s financial-services arm, to develop new e-commerce applications for Ford customers and dealers in North America and Europe. The agreement also includes processing payments for the automaker’s dealer network and providing Ford dealers with an improved payment-acceptance platform.  …
• 17 January

  Trends Like Open Banking And BNPL Will Sustain E-Commerce’s Hot Streak, a Report Says

  

  Open banking, single-click checkout wallets, and the hot buy now, pay later trend will all help drive e-commerce volume worldwide in the coming five years, predicts Juniper Research in a report released Monday. This momentum is likely to push online sales long after the short-term impetus from the pandemic subsides, …
• 17 January

  UST Debuts Touchless Checkout Platform and other Digital Transactions New briefs from 1/17/22

  

  Software firm UST said it has worked with Kiosk Information Systems to introduce a touchless checkout platform that offers both voice and gesture-based interaction as well as a variety of payment flows, including QR codes, app wallets, contactless cards, and cash.Point-of-sale terminal maker Ingenico, a unit of Worldline, launched its Self-Modular POS, a …