News

January, 2022

• 6 January

  PayFacto Strengthens Its Hand in Restaurant POS With an Acquisition of Online Ordering App iShop

  

  PayFacto Inc., a payment solutions provider specializing in the hospitality industry, announced Thursday the acquisition of iShop, a technology provider for restaurants. The deal, for which terms were not disclosed, gives Montreal-based PayFacto an in-house online-ordering solution, something the company found was missing in its technology stack. As a result, …
• 6 January

  Eye on Crypto: CSI Ushers Community Banks Into Bitcoin; MoneyGram Invests in Coinme

  

  Dismissed until recently by many in the payments industry as a fantasy, cryptocurrency as a payments medium continues to step toward center stage. Early Thursday, transaction processor Computer Services Inc. said it will work with NYDIG to help community banks support their customers who want to buy, sell, or hold …
• 6 January

  VeriCheck Acquires Applied Payments and other Digital Transactions News briefs from 1/6/22

  

  Fintech VeriCheck Inc. announced it has acquired Applied Payments LLC, which does business as ACHWorks, a payment-services provider specializing in automated clearing house transactions. Terms were not announced.Buy now, pay later provider Afterpay Ltd. said in-store shopping from its customers soared 384% year-over-year for the Oct. 1 to Dec. 27 period. Afterpay, available in …
• 5 January

  What’s hiding in your customer lists?

  

  By GIACT (a Refinitiv company)   One of the greatest challenges is accurately verifying that current customer or vendor information is up-to-date and not being utilized for fraud. Customer lists can be full of outdated and incorrect information, fraudulent profiles and abandoned accounts. Not addressing these profiles can lead to …
• 5 January

  Synovus Launches Virtual Mobile Commercial Cards for Workers, Vendors, And Others

  

  As part of its strategy to bring digital- and mobile-banking experiences to its customers, Synovus Financial Corp. has introduced a mobile virtual commercial credit card. The Visa Inc.-branded cards, which businesses can generate and send to employees, vendors, and contractors through a mobile app, will be enabled in a digital …
• 5 January

  Adyen Unveils a Line of All-in-One Android Devices for Mobile POS Deployments

  

  Adyen Inc., known for its e-commerce payment services, on Tuesday launched a range of mobile point-of-sale devices running on the Android operating system. The new multifunction terminals are available in the United States, the United Kingdom, and the European Union. Adyen, which is based in Amsterdam but maintains offices in …
• 5 January

  Rev USA Wallet Launches and other Digital Transactions News briefs from 1/5/22

  

  Rev USA, a unit of Rev Worldwide Inc., announced a nationwide launch for its X World Wallet, app-based account that includes features such as loyalty and travel bookings and can be linked to physical and digital Visa cards.Computer Services Inc., a payments processor for financial institutions and corporate clients, reported …
• 4 January

  How Payix Is Expected To Raise Repay’s Game in the Hot Buy Now, Pay Later Arena

  

  The acquisition of independent sales organization Payix is expected to bolster payments provider Repay Holdings Corp.’s ability to acquire new merchants, including in the fast-growing and wildly popular buy now, pay later space. Repay on Monday announced its $115-million deal for Payix, which is a registered independent sales organization of Wells …
• 4 January

  Consumers Stick With Banks for Years, While Some Bear Hefty Account Fees, Bankrate Says

  

  The basis of digital payments is typically an account at a financial institution, which can hand these institutions quite a bit of influence over payment activity. It turns out, though, that consumers like to stick with their bank once they’ve opened an account. Even among persons aged 18 to 34, …
• 4 January

  67% Willing To Pay with Crypto and other Digital Transactions News briefs from 1/4/22

  

  A Cantaloupe Inc. study found that 67% of consumers who own cryptocurrency are willing to use it for purchases if it were linked to a mobile wallet. The study had responses from more than 2,000 U.S. adults.Card maker SmartMetric Inc. said it created a credit card with a built-in fingerprint sensor. The card contains …