News

November, 2021

• 8 November

  Visa And Daimler Plan to Bring Strong Authentication Natively to the Dashboard

  

  Digital payments have been moving to the automobile dashboard for some time, and now the latest development is user authentication. Visa Inc. and the big automaker Daimler AG are planning to launch so-called native in-car payments starting next spring, according to an announcement early Monday. The new capability will replace …
• 8 November

  U.S. Bank’s Bill Pay Tweak and other Digital Transactions News briefs from 11/8/21

  

  U.S. Bank said it added its Request for Payment services to its U.S. Bank eBill Service, enabling the bank’s commercial clients access to an integrated bill delivery and payment platform. The Request for Payment component enables consumers to choose to have their bills delivered directly to them through the bank’s Web …
• 5 November

  A Diverse Array of Payment Methods, Plus M&A, Help Vault Paya to a 28% Jump in Volume

  

  Hyper growth in e-commerce has lifted many processors over the past 18 months, but some are also benefiting from a diverse array of payment methods and clients. This group includes Paya Holdings Inc., which Friday morning reported a nearly 28% year-over-year increase in payment volume for its third quarter ended …
• 5 November

  Tidal Commerce To Acquire Merchant Bancard Processing and other Digital Transactions News briefs from 11/5/21

  

  Payments company Tidal Commerce said it will acquire Merchant Bancard Processing, a merchant-services company. Terms were not disclosed.Gift card and loyalty provider Factor4 LLC announced an integration with Valor Paytech, a gateway and point-of-sale terminal provider.BNPL provider Zip Co. Ltd. found in its “Holidays Unzipped: 20201 Holiday Spending Report” that nearly 51% of U.S. consumers intend …
• 4 November

  An Ambitious Square Sets Priorities to Reach Bigger Merchants And Expand Cash App’s User Base

  

  In the face of an ongoing pandemic, Square Inc. late Thursday reported a record quarter for gross processing volume and made it plain its strategic priorities are to move upmarket to larger merchants and to expand the user base for its consumer product, Cash App. Recent moves include Square Invoices …
• 4 November

  Zip Adds a WebBank-Issued Card to Its BNPL Roster

  

  Zip Co. Ltd. launched the Zip Card, a physical card to complement its virtual card in the highly competitive buy now, pay later arena. The new card, to be issued by WebBank, a Salt Lake City-based industrial bank that works with brands like Dell Financial Services, CAN Capital, Klarna, Fingerhut, …
• 4 November

  FIS’s Top Brass Combats a ‘Bear Case’ As the Company Reports Strong Merchant Results

  

  Top executives with FIS Inc. spent a good deal of time Thursday morning countering what they said is a “bear case” that has developed among at least some investors and observers of the company. “The bear case is that FIS is standing still and not able to compete. This is …
• 4 November

  Lightspeed’s Revenue Jumps 193% and other Digital Transactions News briefs from 11/4/21

  

  Payments provider Lightspeed Commerce Inc. reported revenue for its quarter ended Sept. 30 of $133.2 million, up 193% year over year. The number includes contributions from recent acquisitions, including NuOrder, Vend, Upserve, and ShopKeep.FreedomPay Inc. said restaurant chain Shake Shack will use its Touchless Commerce service at more than 200 locations. This will …
• 3 November

  Small-Business Payments And Disbursements Help Fuel Zelle’s Q3 Growth

  

  Building on its strategy of expanding beyond peer-to-peer payments, Zelle, the P2P network operated by Early Warning Services LLC, processed $127 billion on 466 million transactions during the third quarter of 2021. Overall, the dollar value of payments sent during the quarter increased 51% from the same period a year …
• 3 November

  EVO Revenue up 15.4% and other Digital Transactions News briefs from 11/3/21

  

  Payments provider EVO Payments Inc. reported third-quarter revenue of $135 million, a 15.4% increase from the same quarter in 2020. Fifty-nine percent, or $79.4 million, of its revenue came from the Americas and the remainder, $55.6 million, from EVO’s European business. Net income of $7.1 million for the quarter was down 51.4% …