News

February, 2022

• 17 February

  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 …
• 17 February

  How a Link to Discover And BIM’s New BuyPass App Ease ACH Payments for Merchants

  

  Digital payments platform provider Buy It Mobility Networks Inc. is betting its new BuyPass application will further reduce the complexities around connecting to its platform for merchants that want to offer branded payment options that debit a consumer’s bank account. Launched Wednesday, the application drops a URL into a merchant’s …
• 17 February

  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 …
• 16 February

  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., …
• 16 February

  As Users Seek More Choices, PayNearMe Adds PayPal And Venmo To Its Bill Pay Platform

  

  Responding to demand from consumers and billers for digital bill-payment options, electronic billing and payment platform provider PayNearMe Inc. on Tuesday announced the addition of PayPal and Venmo to its payment options. A recent study by PayNearMe revealed that 43% of respondents rated the convenience of using PayPal to pay …
• 16 February

  BIM Launches BuyPass ACH Service and other Digital Transactions News briefs from 2/16/22

  

  Payments-technology firm Buy It Mobility launched BuyPass, a platform aimed at allowing merchants to more quickly launch automated clearing house and merchant-branded payments programs. BIM is working with network capabilities and virtual card technology from Discover Network to reduce the time and cost for merchant integration.Transaction-security firm Forter launched Smart Payments, a technology that uses the …
• 15 February

  MoneyGram Will Go Private in $1.8 Billion Deal With Private-Equity Player Madison Dearborn

  

  Money-transfer powerhouse MoneyGram International Inc. will go private later this year in a deal announced Tuesday with private-equity firm Madison Dearborn Partners LLC. Valued at $11 per common-stock share, the deal also includes assumption of $799 million in debt.  Expected to close in the fourth quarter, the deal will see …
• 15 February

  FIS’s Top Brass Looks for Big Results Among Small Sellers Following the Payrix Deal

  

  FIS Inc.’s acquisition of Payrix Solutions LLC, announced Monday, comes as e-commerce is booming and as payments platforms are weaving payments capabilities into the software they’re selling to online merchants. The deal will also help FIS, known for its processing capabilities for enterprises, reach small and medium-size online sellers, top …
• 15 February

  ACI PayAfter BNPL Service Debuts and other Digital Transactions News briefs from 2/15/22

  

  ACI Worldwide Inc. announced ACI PayAfter, a buy now, pay later service that provides merchants access to more than 70 BNPL providers via a single integration. “ACI PayAfter gives consumers one BNPL option—ACI PayAfter—displayed at checkout, one application form, and a single credit check, all while providing access to multiple financing …
• 14 February

  Epos Now’s New App Links U.S. Third-Party Delivery Platforms With Restaurants

  

  With online ordering capabilities now table stakes for restaurants, Epos Now, a London-based provider of cloud-based software, announced Monday it is rolling out its Epos Now Delivery application for restaurants in the United States. The decision to launch Epos Now Delivery in the U.S. market was prompted by the massive …