News

March, 2022

• 3 March

  It Took off During the Pandemic, And Now E-Commerce Shows No Signs Of Slowing

  

  Despite the economy reopening after the disruptions caused by the Covid-19 pandemic, e-commerce continues to boom as consumers embrace shopping online from home or via their mobile device.  A recent study from FIS Inc. reveals that e-commerce transaction values in the United States grew 10% in 2021 compared to 2020, …
• 3 March

  Payments Sanctions on Russia Have Been Coming Quick, But Their Impact May Be Limited

  

  The actions taken by the SWIFT payments-messaging network and by Visa Inc. and Mastercard Inc. to punish Russia for its invasion of Ukraine will have an impact, but a muted one, observers say.  The 49-year-old SWIFT system, which on Saturday said it is banning Russian banks, has not barred all …
• 3 March

  Flywire Volume up 75% and other Digital Transactions News briefs from 3/3/22

  

  Cross-border payments specialist Flywire Corp. reported its payment volume rose 75% year-over-year in the fourth quarter, to $3.1 billion. Volume for 2021 totaled $13.2 billion, up 76% from 2020.Walmart Inc. announced customers can send remittances from any of its U.S. stores to any of its stores in Mexico for a fee as low …
• 2 March

  Ownit Says Its Connected Checkout Will Help DTC Brands Lift Conversion Rates

  

  Ownit Commerce Inc. is betting the release of its new Connected Checkout service will give direct-to-consumer brands the ability to improve conversion rates by embedding Connected Checkout links anywhere they place URLs. The links enable one-tap purchase of any product. The effort is aimed at combatting shopping-cart abandonment as e-commerce …
• 2 March

  How Paysafe Sees Crypto And Gaming As Keys to Turning Around Its Digital Wallets

  

  Paysafe Ltd. early Wednesday reported progress in turning around its beleaguered digital-wallet business, noting a crucial deal with the world’s largest cryptocurrency exchange and progress in its key iGaming market. As part of an effort to reinvigorate its wallets, “We’re starting to work with crypto exchanges” more actively, Philip McHugh, …
• 2 March

  Volante Unites Real-Time Payments Services and other Digital Transactions News briefs from 3/2/22

  

  Volante Technologies Inc., a cloud payments and financial messaging provider, said it will offer U.S. financial institutions a unified real-time payments service that offers access to The Clearing House’s RTP network and the upcoming FedNow service, which is expected to launch in 2023. Volante has been in the FedNow pilot program since 2021.Facepay …
• 1 March

  Organic Growth, ACH Volume, And M&A Fuel a Big Year for Paya As a Public Company

  

  Marking its first full year as a public company, Paya Holdings Inc. cited organic growth, increasing ACH volume, partnerships, and mergers and acquisitions as key growth drivers. Atlanta-based Paya reported payment volume of $11.7 billion for the fourth quarter, up from $9.2 billion from the same period in 2020, a …
• 1 March

  A Pair of Acquisitions Propel Shift4 Into Blockchain And Cross-Border Processing

  

  Shift4 Payments Inc. early Tuesday said it has concluded agreements to acquire international e-commerce acquirer Finaro and cryptocurrency-based donation platform Giving Block in deals valued at $875 million in cash and stock, including future earnout provisions. The latter deal has already closed, while Allentown, Pa.-based Shift4 expects to close the …
• 1 March

  DoorDash To Acquire Restaurant Tech Firm and other Digital Transactions News briefs from 3/1/22

  

  Delivery platform DoorDash Inc. said it has agreed to acquire Bbot, a provider of online and in-store ordering and payments technology for restaurants. Terms were not announced.A survey from PCI Pal of 1,100 Canadian consumers found that 85% said trust in an organization’s ability protect personal data and secure payment processes is of the …

February, 2022

• 28 February

  Australia’s Zip Beefs Up in the U.S. Market With a $355.5 Million All-Stock Deal for Sezzle

  

  Australian fintech Zip Co Ltd. is poised to expand its buy now, pay later services through a definitive agreement to acquire Sezzle Inc. in an all-stock deal that values Sezzle at $355.5 million, or 491 million in Australian dollars (AUS). The deal is expected to significantly expand Zip’s presence in the …